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, Reuters reports. The d...

Aramco to Keep Spare Capacity in IPO

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

Saudi Arabia’s Oil Minister, Khalid El Falih, said that the initial public offering (IPO) of Aramco will not mean an end to a long-time policy of keeping some of its production capacity idle to guard any disrupt...