energy minister

 
 

Opec members Iraq, Nigeria agree to cut oil output

ABU DHABI, Sept 12 — Opec agreed today to trim oil output by asking over-producing members Iraq and Nigeria to bring production in line with their targets as the group strives to prevent a glut amid soaring US production and a slowing global…


IEA says oil demand subdued on economic uncertainty

PARIS, Sept 12 — Global oil demand growth is expected to remain subdued, with the economy weakening and buffeted by US-China trade tensions, the International Energy Agency (IEA) said today. “International trade relations have further…


Oil prices slide 2pc after report Trump weighed easing Iran sanctions

NEW YORK, Sept 12 — Oil prices tumbled more than 2 per cent yesterday after a report that US President Donald Trump weighed easing sanctions on Iran, which could boost global crude supply at a time of lingering worries about global energy demand….


Pound lifted by Johnson’s latest defeat, Asian equities struggle

HONG KONG, Sept 10 — The pound bounced today after Prime Minister Boris Johnson again failed to get MPs to back a snap election. Just before Westminster lawmakers broke up for five weeks, they inflicted yet another defeat on the new premier, who…


Aramco says ready for two-stage IPO, timing up to govt

ABU DHABI, Sept 10 — Saudi energy giant Aramco is ready for a two-stage IPO but the timing is up to the government, its chief executive said today, flagging a possible foreign listing as part of the offering. Aramco is “ready” for the giant…


Asian stocks mostly weaker on steep Chinese factory price declines

TOKYO, Sept 10 — Most Asian stocks swung lower today, weighed by Chinese markets after data showed mainland factory prices shrinking at their fastest pace in three years while reports of German stimulus plans pushed global bond prices down….


New Saudi minister jokes oil outlook could drive him to Prozac

ABU DHABI, Sept 9 — Saudi Arabia’s Prince Abdulaziz bin Salman brought some humour to his debut as the kingdom’s new oil minister today, joking that the industry outlook could drive him to take Prozac if he took it seriously. Speaking at an…


Oil rises as new Saudi minister commits to output cuts

LONDON, Sept 9 — Oil prices rose today after the new Saudi Arabian energy minister, Prince Abdulaziz bin Salman, confirmed expectations that there would be no radical change in his country’s oil policy. Prince Abdulaziz, son of Saudi King Salman…


Oil majors to mull fresh cuts as trade war hits prices

DUBAI, Sept 8 — Top oil producers will consider fresh output cuts at a meeting this week, but analysts are doubtful they will succeed in bolstering crude prices dented by the US-China trade war. The Opec petroleum exporters’ cartel and key…


Opec kingpin Saudi Arabia replaces energy minister, reports state media

RIYADH, Sept 8 — Opec kingpin Saudi Arabia named King Salman's son as energy minister after sacking veteran oil official Khalid al-Falih, state media said early today. “Khalid al-Falih has been removed from his position,” the official Saudi…