Reuters - Saudi Arabia said explosive-laden drones had struck oil pumping stations in the Riyadh region on Tuesday in what it called an act of terrorism two days after Saudi oil tankers were sabotaged off the coast of the United Arab Emirates. The energy minister of the worlds largest oil exporter said the attack on two oil pumping stations had ...

Press TV - Oil futures rise on increasing concerns about supply disruptions in the Middle East afterSaudi Arabia says two of its oil tankers were targeted in a "sabotage attack on Sundayoff the coast ofFujairah. Saudi Arabia's Energy Minister Khalid al-Falihsaid in a statement on Monday that the attackdid not lead to any casualties or an oil spillbut ...

Press TV - Saudi Arabias energy minister says two Saudi oil tankers were targeted in a "sabotage attack on Sunday off the coast of Fujairah in the United Arab Emirates. Khalid al-Falih said in a statement on Monday that the attack did not lead to any casualties or an oil spill but caused significant damage to the structures of the two vessels. The ...

Reuters - Saudi Arabia is ready to meet oil consumers demand by replacing supplies from Iran after the United States ends waivers granted to buyers of Iranian crude, Energy Minister Khalid al-Falih told Russian state news agency RIA in an interview. Falih said that the global deal to coordinate oil production levels could be extended after June....

Reuters - Saudi Arabias energy minister said on Wednesday he saw no need to raise oil output immediately after the United States ends waivers granted to buyers of Iranian crude, but added that the kingdom would respond to customers needs if asked for more oil. Khalid al-Falih said he was guided by oil market fundamentals not prices, and that the ...

Reuters - The U.S. government confirmed that Saudi Energy Minister Khalid al-Falih met with U.S. special representative for Iran Brian Hook in Vienna on Wednesday, contradicting a Saudi denial that the talks had taken place. Sources familiar with the meeting said earlier that Hook, a senior policy adviser to U.S. Secretary of State Mike Pompeo, ...

SHANA Iranian Minister of Petroleum Bijan Zangeneh said meetings of US special representative for Iran Brian Hook in Vienna with some OPEC members were unprofessional, nave and meddlesome. Speaking to Shana in Istanbul en route to Vienna on Wednesday to attend the 175th OPEC Meeting, the official firmly stated that the Organization of the Petroleum ...

Reuters - Saudi Energy Minister Khalid al-Falih met with U.S. special representative for Iran Brian Hook in Vienna on Wednesday, sources familiar with the meeting said. Hook, a senior policy adviser to U.S. Secretary of State Mike Pompeo, met with Falih a day ahead of an OPEC meeting in Vienna which is due to debate oil production cuts. U.S. ...

Reuters - Saudi Arabia plans to reduce oil supply to world markets by 0.5 million barrels per day in December, its energy minister said on Sunday, as the OPEC power faces uncertain prospects in its attempts to persuade other producers to agree a coordinated output cut. Khalid al-Falih told reporters that Saudi Aramcos customer crude oil nominations ...

Reuters - According to Saudi Energy Minister Khalid al-Falih, no one has any idea how much oil Iran will be able to export after new U.S. sanctions against the Islamic Republic kick in on Nov. 4. But more precisely, Irans shipment figures - crucial to oil markets - are already a mystery. Irans oil exports are becoming harder to measure as ships ...

Reuters - Saudi Arabia said on Tuesday it would continue to meet customer demand for crude despite looming U.S. sanctions that are expected to reduce oil exports from Iran. Saudi Energy Minister Khalid al-Falih said at an investment conference in Riyadh that the oil market was in a good place and he hoped oil producers would sign a deal in December ...

Press TV - Saudi energy minister says his country would not be able to compensate for possible oil disappearance from global markets once the US re-imposes its sanctions against Iran. Speaking in a Monday interview with Russian news agency TASS, Khalid al-Falih said Saudi Arabia will have to use its oil reserves if it wants to cover 3 million ...

Reuters - Irans oil minister told his Saudi Arabian counterpart that last months OPEC supply pact does not give member countries the right to raise oil production above their targets, according to a letter reported by Irans news agency Shana. The Organization of the Petroleum Exporting Countries agreed with Russia and other oil-producing allies ...

FNA - Iran's Governor at the Organization of Petroleum Exporting Countries Hossein Kazzempour Ardebili dismissed the recent remarks by the Saudi energy minister that the Joint Ministerial Monitoring Committee (JMMC) overseeing the OPEC/non-OPEC supply agreement will no longer track individual countries' compliance with quotas. "The remarks made ...

Tasnim Iranian Oil Minister Bijan Zangeneh described his recent meeting with Saudi Energy Minister Khalid al-Falih in Vienna as successful. A private discussion with Saudi Arabia's energy minister ahead of the meeting had been successful, Zangeneh said on Friday speaking to reporters in a conference room. He added Tehran would be content with ...

Saudi oil minister Khalid al-Falih on Sunday said that the current cycle of falling crude prices is close to an end as market fundamentals improve. Oil prices are currently hovering at around USD 50 per barrel after hitting a 10-year low of less than USD 30 in January, down from a peak of more than USD 100 in mid-2014. The current down cycle ...

Iran rejected on Tuesday an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major OPEC producers would find a compromise this week to help ease a global glut of crude. "The gap (in views) between OPEC countries is narrowing. I don't expect that an agreement will come out of the ...

OPEC to hear to Iranian proposals on the countries quotas and will make a general decision, Saudi Energy Minister Khalid al-Falih said Thursday. VIENNA (Sputnik) Iranian Petroleum Minister Bijan Zangeneh said Wednesday that the main goal was todetermine the quotas foreach country, buthe does not look optimistic that such an agreement can be reached....