Saudi Energy Minister Abdulaziz bin Salman (pictured) has warned that oil prices could fall to around $50 per barrel if some OPEC+ members do not honor the output cut agreement the cartel and its allies reached, the Wall Street Journal reported on Wednesday, citing OPEC delegates.According to...
Saudi Minister of Energy Prince Abdulaziz bin Salman (pictured) revealed in an interview with Rossiya-24 on Thursday that Riyadh is intending to extend voluntary oil output cuts until the end of the year.
The minister clarified that Riyadh is closely monitoring the market, adding that the country's actions...
Saudi Energy Minister Abdulaziz bin Salman said on Wednesday that the latest cuts in oil production announced by both Riyadh and Moscow demonstrate the two nations' "strong" relations and collaborative efforts to support the market.
"What we have done, with the help of our colleagues...
Saudi Energy Minister Abdulaziz bin Salman underscored on Sunday that OPEC+ is not "targeting" a certain price range of the commodity, stressing that this strategy always "failed miserably."
"We don't like neither short-term, mid-term or long-term volatility," the Saudi energy minister said during...
Saudi Energy Minister Abdulaziz bin Salman warned on Tuesday that market speculators should "watch out" ahead of the OPEC+ ministerial meeting scheduled for June 4.
Speaking at a panel at the Qatar Economic Forum in Doha, the minister argued that "speculators, like in any market, are there...
Saudi Energy Minister Abdulaziz bin Salman Al-Saud (pictured left) and Russian Deputy Prime Minister Alexander Novak (pictured right) met in Riyadh to reaffirm their commitment to the decision to cut OPEC+ production, the Saudi media SPA reported Thursday.
According to the media, the pair...
Saudi Arabian Energy Minister Abdulaziz bin Salman Al-Saud (pictured) stated on Tuesday that the Gulf country will not deliver its oil to states that introduce price limits.
Addressing a hypothetical situation where a price cap was imposed on Saudi oil, the minister assessed that Riyadh will not sell...
Saudi Arabian Energy Minister Abdulaziz bin Salman Al Saud (pictured) reiterated on Tuesday that politics is "out" of the Organization of the Petroleum Exporting Countries and its partners' (OPEC+) "decision-making process, assessments and forecasting," and insisted those are based purely on the...
Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman said on Wednesday that Riyadh and Beijing will be looking for ways to improve their partnership when it comes to energy supply chains, including "establishing a regional center" in Saudi Arabia for Chinese factories.
The two countries...
Saudi Energy Minister Abdulaziz bin Salman Al Saud rejected a recent report that his country was discussing increasing oil output by half a million barrels per day with other OPEC+ producers next month.
"It is well known that OPEC+ does not discuss any decisions ahead of its meetings. The...
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