Prince Abdulaziz said it was imperative to restore stability in the oil market where prices have slumped to below $60 a barrel
non-OPEC
Latest in non-OPEC
Crude price
UAE to continue oil output adjustments until market rebalances
UAE compliance for the month of February 2019 will help to bring balance and stability to the global oil market, said Suhail Al Mazrouei
non-OPEC
Prices surge as OPEC reaches agreement
As part of the deal, OPEC group countries are contributing 800,000 barrels per day as a cut, and the non-OPEC countries will be contributing 400,000 barrels per day
non-OPEC
OPEC back in crunch talks as Russia resists a large oil cut
Discussions now centre on a proposed reduction from OPEC and its allies of about 1 million barrels a day, with OPEC itself shouldering 650,000 barrels of the burden
Global oil demand
Qatar says to quit Saudi-dominated OPEC in 2019
Qatar, which has been a member of OPEC since 1961, will leave OPEC next month
non-OPEC
Russia, Saudi agree to renew oil output cuts
On Thursday, the price of New York crude ducked below $50 per barrel for the first time in almost 14 months
Global oil demand
Oil price poised for worst month in a decade on supply fears
Oil futures in New York are set to drop about 21% in November, falling for a second month
$100 oil price
Oil price tumbles below $50 for first time in over a year
Oil price fall comes as Russia signals little urgency to commit to supply cuts while US crude stockpiles continue to grow
crude oil
Saudi says door open to future oil output hike if customers request it
Saudi Arabia, Russia and their allies in OPEC signalled less urgency and stopped short of promising specific extra volumes of crude
Alaa Al-Yasiri
Iraq willing to boost production after OPEC agreement
Exports will be close to 3.595 million barrels a day this month, according to the acting director-general of the state-run Oil Marketing Co.
Bakhit al-Rashidi
Global oil markets nearing stability, says Kuwaiti oil minister
Bakhit al-Rashidi said he hopes production in the joint Kuwaiti-Saudi Neutral Zone will resume ‘very soon’
budget deficit
Saudi economy returns to growth in first quarter
Saudi Arabia’s General Authority for Statistics attributed to figures to rising oil prices and a surge in the non-crude sector
non-OPEC
Saudi Arabia is planning record crude oil production in July
State oil company Saudi Aramco is aiming to boost production next month to about 10.8 million barrels a day
non-OPEC
OPEC agrees to boost oil production after reaching Iran compromise
OPEC will meet again on Saturday with non-members, including Russia, to ratify Friday’s agreement
non-OPEC
Russia-Saudi plans for ‘super-OPEC’ could reshape global oil order
Russia and Saudi Arabia are considering inviting all 24 countries to join a permanent body with its own constitution and secretariat
Crude price
‘Reason will prevail’ at tense OPEC meet, says Saudi minister
Khalid al-Falih said every minister he had met with “agrees that it’s time for us to change course”, noting that global oil demand is expected to climb in the coming months.