energy minister

 
 

Rick Perry says US gas more reliable for Europe than Russia’s

BRUSSELS, May 2 — US Energy Secretary Rick Perry today pitched American liquified natural gas exports to Europe as more reliable than Russia’s, even if they are more expensive. Gas exports from the United States to the EU have surged since…


The debate behind Trump’s move to tighten Iran oil sanctions

WASHINGTON, May 1 — US President Donald Trump’s unexpected decision to ban all Iranian oil purchases after May 1 — ending exemptions for eight nations — came after hawkish economic and security advisors allayed the president’s fears of an…


Saudi’s Falih says global oil deal could be extended to end of 2019

MOSCOW, April 30 — A global deal on oil production led by Russia and Saudi Arabia could be extended to the end of 2019, Saudi Energy Minister Khalid al-Falih told Ria news agency today, without specifying whether or how much output levels could…


Brent oil hits near six-month high above US$75 per barrel

LONDON, April 25 — Brent North Sea crude hit a near six-month high above US$75 per barrel today on supply concerns that have been worsened by the United States tightening the screw on sanctions-hit Iran. Brent for delivery in June jumped to…


Wall Street opens down after record-breaking session

LONDON, April 24 — Wall Street opened slightly down today after a record-breaking session the day before failed to spark a major global rally. Bullish earnings and economic data catapulted New York’s S&P 500 and tech-heavy Nasdaq indices to…


Saudi says no immediate plan to boost oil output as Iran waivers end

RIYADH, April 24 — Saudi Arabia has no immediate plans to raise oil output after the United States ends sanctions waivers for buyers of Iranian crude, energy minister Khalid al-Falih said today. “(Global) inventories are continuing to rise…


Riyadh to ‘stabilise’ oil market after US move to end Iran waivers, says minister

RIYADH, April 22 — Riyadh is committed to “stabilise” the oil market after a US decision to end sanction exemptions for Iran’s customers, Saudi Arabia’s Energy Minister Khalid al-Falih said today. “The kingdom reaffirms its…


Pakistan’s finance minister steps down ahead of IMF deal

ISLAMABAD, April 18 — Pakistan’s finance minister Asad Umar has stepped down from cabinet, he announced today, ahead of securing a crucial bailout deal with the International Monetary Fund. Umar, one of cricketer-turned-premier Imran Khan’s…


Saudi Aramco bond sale attracting record demand, says bank source

PARIS, April 9 — The bond sale by energy giant Saudi Aramco has attracted record demand of US$85 billion (RM348.3 billion) from investors, one hour before bidding closed, a banking source told AFP. Saudi Arabia’s Energy Minister Khalid al-Falih…


Saudi minister says oil market headed for ‘balance’

RIYADH, April 8 — Saudi Energy Minister Khalid al-Falih said today the oil market was “moving towards balance”, and that producers may not need to make additional output cuts. As oil prices hit a five-month high at more than US$70 (RM287) a…