Saudi Arabia, UAE Signal Willingness to Extend Production Cuts

• Tuesday, 12th September 2017
• by Egypt Oil & Gas

The oil ministers of Saudi Arabia and the UAE indicated that their countries were willing to consider an extension of the production-cut agreement between OPEC and major, non-OPEC oil producers.

Aramco to Keep Spare Capacity in IPO

• Monday, 6th June 2016
• by Egypt Oil & Gas

Saudi Arabia's Oil Minister said that the IPO of the world’s largest oil company is not an end to the policy of keeping some production capacity idle to guard any disruption in supply.