Khaled Al Falih talks to the press on the sidelines of the 176th meeting of OPEC on Monday in Vienna, Austria. Agence France-Presse
Opec said on Tuesday that world demand for its oil would be higher than expected this year as supply growth from rivals including US shale producers slows, pointing to a tighter market if the exporter group refrains from raising output. But the Organization of the Petroleum Exporting Countries,
The Norwegian Labour Party has joined what is now a clear parliamentary opposition to oil and gas exploration off the coast of the picturesque Lofoten islands in the north of Norway.
The sabotage operation that targeted commercial and civilian vessels near the UAE territorial waters in the Gulf of Oman, off the coast of Fujairah, is a dastardly act and those behind such reprehensible action should be forced to pay a price. It’s fortunate that there were no injuries or fatalities
The drone attacks on two pump stations on Saudi Aramco’s East-West pipeline, which transports Saudi oil from the Eastern Province to the port of Yanbu, are cowardly, dangerous and deliberate acts of terrorism that deserve a strong international response. As Saudi Energy Minister Khalid Al Falih pointed out,
China’s central bank (CB) offered medium-term loans to financial institutions on Tuesday in an attempt to get more affordable funds to struggling smaller firms, as it steps up efforts to support a slowing economy.
Leading global wind turbine manufacturers Vestas and Siemens Gamesa have roots in Denmark, which now covers around 30 per cent of its energy needs with renewables. The wind turbines filling fields nearby flag the origins of a future-focused business.
Santander faces a 100 million euro ($112 million) claim by Orcel, one of Europe's best-known investment bankers, after the Spanish bank offered him the job of chief executive