Sentences with phrase «oil minister»

Several oil ministers have said it's too early to discuss an exit strategy for the deal.

In all, the country's oil minister estimated 800,000 barrels per day of production have been impacted.

Oil had one of the best weeks in a long time after Saudi oil minister said that they a production freeze may be something that could be in the cards.

Iran's current crude oil output level will not be reduced under the extension of the OPEC production cuts, Iranian Oil Minister Bijan Zanganeh was quoted as saying on Thursday.

Unfortunately, while the Saudi oil minister says one thing, IRAQ and IRAN say another.

Now there are reports that the Saudi oil minister Khalid al Falih wants to reduce stockpiles even further.

After the Obama administration agreed to the nuclear deal, Iranian oil Minister Bijan Zanganeh was determined to see his country's production rise to pre-sanctions levels, and it's been widely reported that any talk of a freeze would have to be around the 4 million bpd mark.

Even OPEC oil ministers do not make that claim.

CNBC's Jackie DeAngelis provides the headlines from a meeting of oil ministers in Russia where there have been discussions about keeping promises to cut oil supplies.

NEW DELHI, May 1 - India asked Japan on Tuesday to help build infrastructure needed to boost the usage of liquefied natural gas in India and elsewhere in Asia, India's oil minister Dharmendra Pradhan said after a meeting with Japan's trade minister Hiroshige Seko.

Police investigations into the billion dollar scandal reveal top Eni officials led by Mr Descalzi were centrally involved in negotiations with Chief Dan Etete, the former Nigerian oil minister believed to have been one of the deal's main beneficiaries.

On Sunday, Saudi Oil Minister Ali al - Naimi, who is considered to be the architect of OPEC's price war to regain market share, said Sunday that he's «optimistic» that oil prices will recover, though he conceded that any rebalancing will take «some time.»

But compliance by OPEC and non-OPEC together is expected to rise in March from February's level of 94 percent, Kuwaiti Oil Minister Essam al - Marzouq said on Monday.

Oil ministers from OPEC and non-member countries are looking hard for a recovery in prices, and are hoping their meeting next month will produce an output freeze that can be Continue Reading

The shakeup in Saudi Arabia «s cabinet this weekend that brought Ali al - Naimi's 20 - year tenure as oil minister to an end is another sign the kingdom is prepared to flex its muscles in the Middle East, Again Capital founding partner John Kilduff said Monday.

As a Saudi oil minister once said: The Stone Age didn't end for a lack of stones.

CNBC's Jackie DeAngelis reports on comments from the UAE oil minister on the state of the oil market.

A number of oil exporting countries have suggested a six - month extension to the oil supply cut deal agreed by OPEC countries and non-OPEC crude producers, Iraqi oil minister Jabar al - Luaibi Continue Reading

We also saw support in comments by Saudi Arabian oil minister Khalid al - Falih, who said that they would keep crude production in between January through March at less than seven million barrels a day, which is well below their OPEC quota.

It had sought exemption from any cuts, but on Saturday a comment from Oil Minister Jabbar al - Luaibisaid that he was «really optimistic on the result of the next OPEC meeting» led to the Wall Street Journal suggesting it too is finally coming round to the idea.

EDITION 12.5 Saudi Arabia's Oil Minister not only endorses energy efficiency and renewable energy, a complete reversal of his previous stance, but he calls global warming «among humanity's most pressing concerns.»

That point may be reached long before the actual resource is consumed, as pointed out by former Saudi Oil Minister Sheikh Yamani in 1973: «The stone age didn't end because we ran out of stones.»

The comments followed a meeting of Gulf Arab oil ministers in Doha, at which a Venezuelan proposal for an OPEC and non-OPEC summit was discussed.

Barkindo said OPEC also had a first at CERAWeek when he and some OPEC and non OPEC oil ministers met earlier Monday to discuss climate change with Patricia Espinosa, executive secretary of the United Nations Framework Convention on Climate Change.

Related: Saudi Oil Minister Just Did Something He Has Never Done Before

OPEC and allies will keep the oil production cuts through the end of 2018, and will discuss at their June meeting whether to extend those cuts further, Kuwait's Oil Minister Continue Reading

New, leaked internal emails seen by Global Witness and Finance Uncovered show that Shell's most senior decision - makers knew that the money they paid for oil block OPL 245 in 2011 would go to convicted money launderer and ex-Nigerian oil minister Dan Etete — rather than to benefit the Nigerian people.

Prices aren't artificially high, said United Arab Emirates Oil Minister Suhail Al Mazrouei.

KUWAIT, Jan 17 - Kuwait's oil minister Bakhit al - Rashidi said on Wednesday there is no plan or intention so far to exit from a production - cutting agreement among OPEC and non - OPEC oil producers.

CNBC's Jackie DeAngelis reports on the close of the oil market after comments from the UAE oil minister moving prices lower.

At the World Economic Forum in Davos, Nigeria's oil minister Emmanuel Kachikwu said that he expects oil to rise to $ 40 by the end of the year.

But recent comments from Iraq's oil minister suggest that there are other ideas at play — perhaps an extension through the end of 2018, or maybe even deeper production cuts.

At the same time, Nigeria's oil minister tried to downplay his country's role as spoiler to the agreement.

With most of the energy world focused on the upcoming OPEC meeting and whether oil ministers will agree on production cuts in order to help boost oil prices, it's a good time to review why the LNG industry also closely follows the price of oil.

When Iran's deputy oil minister toured the hulking steel facility that is the Islamic republic's largest oil refinery, he was delivering a deliberately defiant message: even if Donald Trump reimposes Continue Reading

Oman's oil minister Mohammed bin Hamad al - Rumhi called on all OPEC and non-OPEC producers who took part in the global supply cut pact to continue their cooperation to maintain suitable Continue Reading

While we don't know anything about Linda Cook's political affiliations, it would be a safe bet that the Harbour Energy principal would be backing President Donald Trump in his Twitter war with the Saudi oil minister over just what the appropriate direction of oil prices should be.

These sentiments were echoed by several other oil ministers during the week.

Kuwait's finance minister and acting oil minister, Anas al - Saleh, said on Monday he was optimistic that an understanding on production «at least» would be reached between producers at an OPEC Continue Reading

Oil Minister Eulogio del Pino lobbied heavily for a production freeze at the OPEC meeting December, April and June.

Corruption: Given the progeny of his Presidential Library as unfazed shrine of brazen extortion (with a sitting president and oil minister suborning the cream of Nigeria to «donate», it's amazing Obasanjo would have the nerves to pontificate on corruption.

To show he is not about to pull any punches, Buhari has gone after Diezani Alison - Madueke, the first female to be made Oil Minister in charge of the sprawling Nigerian oil industry.

Just weeks ago, Nigeria's junior oil minister said output was almost back to normal after a year of devastating attacks against the major African oil producer.

If oil is the «devil's excrement» as a Venezuelan oil minister once complained, then bitumen is the worst of it.

In an effort to monopolize the opportunities the warn - torn nation offers, the corporations CEO hires Hauser, a hit man, to kill a Middle Eastern oil minister.