Wednesday 1 June 2016
 
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Oil minister

New Saudi oil minister is believer in reform

It was January 2016 and oil prices had crashed to their lowest in more than a decade. Saudi Arabia's Health Minister Khalid Al-Falih, a favourite to take over the oil ministry from his mentor Ali Al-Naimi, was not panicking. A

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New Saudi oil minister is believer in reform

It was January 2016 and oil prices had crashed to their lowest in more than a decade. Saudi Arabia's Health Minister Khalid Al-Falih, a favourite to take over the oil ministry from his mentor Ali Al-Naimi, was not panicking. A

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Saudi gets new oil minister in cabinet shake-up

Saudi Arabia's King Salman on Saturday replaced his veteran oil minister and restructured some big ministries in a major reshuffle apparently intended to support a wide-ranging economic reform programme unveiled last week. The

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Saudi gets new oil minister in cabinet shake-up

Saudi Arabia's King Salman on Saturday replaced his veteran oil minister and restructured some big ministries in a major reshuffle apparently intended to support a wide-ranging economic reform programme unveiled last week. The

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Kuwaiti minister sees oil at $40-$60 in 3 years

Kuwait's acting oil minister said on Wednesday he expected oil prices of $40 to $60 a barrel over the next three years. "I think we will see an indication of an increase in demand by end of this year and probably a little

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Iraq says Saudi, Russia change tone on possible oil deal

Opec kingpin Saudi Arabia and top non-Opec producer Russia are showing signs of flexibility about agreeing to tackle an oil glut that has pushed prices to 12-year lows, the oil minister of Iraq said on Tuesday.  

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Kuwait names new acting oil minister

Kuwait on Sunday appointed Anas al-Saleh as acting oil minister in addition to his roles as finance minister and deputy prime minister, state news agency Kuna reported. Kuna did not say why Ali al-Omair was leavi

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Kuwait oil minister says no calls within Opec for policy change

Kuwait's oil minister said there were currently no calls from within the Organization of the Petroleum Exporting Countries (Opec) to change the oil-producing group's output policy and that a market exit by high-cost producers could hel

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Iran to reveal new oil contracts within weeks

Iran will unveil new oil development contracts in the coming weeks aiming to attract foreign investors and oil buyers once sanctions on its energy sector are lifted, Shana reported. The new contracts will be unveiled in T

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Oil price drop unlikely says Kuwait minister

Kuwait's oil minister said on Tuesday he expected oil prices to continue rising, predicting gains in the final quarter of 2015 on the back of global growth. "All indicators point to an improvement in prices ... today we h

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