Saudi Arabia's oil minister Ali Al Naimi said on Monday he expects oil demand to pick up in the second half of 2015 while supply decreases, in a sign that the kingdom's strategy of defending market share was working.
Saudi oil minister Ali Al Naimi said on Tuesday he was optimistic about the future of the kingdom's oil and gas sector under the new leadership, state news agency SPA reported.
Saudi Arabia's King Salman named his nephew M
Fair and stable oil prices will benefit producers and consumers, allowing global supply and demand to grow at a steady pace, Saudi Arabia's Oil Minister Ali Al-Naimi said on Tuesday.
While a roughly 50 per cent drop in global
Oil Minister Ali Al Naimi says Saudi Arabia is producing near record levels of crude in April, underscoring the kingdom's willingness to defend market share at a time when oil markets have staged a fragile recovery.
Saudi Arabian oil minister Ali Al Naimi discussed oil markets with Russia's ambassador to Riyadh Oleg Ozerov, Saudi state news agency SPA reported.
In the meeting, which was attended by Al Naimi's advis
Saudi Arabia has revved up crude production to its highest rate on record, feeding unexpectedly strong demand from foreign refiners and increased capacity at home.
Oil Minister Ali Al Naimi told reporters that the
Saudi Oil Minister Ali Al-Naimi said on Monday the world's top oil exporter was willing to supply markets with more crude if tensions between Russia and the West over Ukraine worsen and cause a shortage.
The oil market has enough supply and prices are at a favourable level, Saudi Arabia's oil minister said on Tuesday, affirming the willingness of the world's top crude exporter to meet shortages.
Saudi Arabia pumped oil at
Top oil exporter Saudi Arabia is pumping at around 10 million barrels per day (bpd), the most in about five months, and is storing 80 million barrels to meet any sudden disruption in supplies, Oil Minister Ali Al-Naimi said.
Top oil exporter Saudi Arabia is pumping at around 10 million barrels per day (bpd), Oil Minister Ali Al-Naimi told reporters on a visit to Japan on Tuesday.
Saudi pumped 10 million bpd of oil last month, which was the highest level