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Oil's supply-demand balance improving: Al FalihOil markets are improving as supply and demand are almost balancing, Saudi Arabia's energy minister said in comments aired on Thursday. "We see that the market has returned into balance. Supply and dem More… |
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Aramco could import gas to boost use in energy mix: FalihSaudi Aramco could invest in importing gas into the kingdom, but the priority would be on finding new sources of gas domestically through exploration, Saudi Arabia's energy minister said on Tuesday. Even th More… |
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Saudi economic shake-up shows it is planning for cheap oilSaudi Arabia's planned cuts in spending and energy subsidies signal that the world's largest crude exporter is bracing for a prolonged period of low oil prices. The Opec heavyweight shows no signs of wa More… |
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Saudis say don't worry about peak oilThere is still plenty of oil in the ground and the world should put aside fears about "peak oil", the head of the Saudi state oil firm Saudi Aramco said on Thursday. "The concern about peak oil is behind us," chief executive Khalid Al Fali More… |
