Ali al-Naimi

Ali al-Naimi, Saudi Arabia's ex-oil minister was once considered to be the most notable person in the global oil industry. As noted by Bloomberg, al-Naimi's career as Saudi Arabia's oil minister lasted more than two decades and every word he says was always closely scrutinized and interpreted by...

Saudi Arabia's oil policy has remained consistent over the years: Pump as much oil as possible to flood the market and sell at any cost. There were many reasons for this policy to stay in place, perhaps the most notable of which is every one barrel of oil the country sells at any price is one less...

Over the weekend, Saudi Arabia appointed Khalid al-Falih to serve as the country's "Minister of Energy, Industry and Mineral Resources." The ex-Saudi Aramco CEO and current Chairman will replace Ali al-Naimi who oversaw the country's oil interests for more than 20 years. Bloomberg's Riad Hamade...

Over the weekend, Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman named Khalid al-Falih as the nation's new energy minister. The change marks the first transition at the position since 1995. For U.S. oil investors, the impact of Falih’s appointment on the global oil market...

Saudi Arabia announced over the weekend that its oil minister Ali al-Naimi will be replaced with Khalid al-Falih, the current chairman of Saudi Aramco. Naimi has served as oil minister for more than 20 years and has been widely considered to be the "maestro" of the oil market given Saudi Arabia's...

Brent crude oil fell below $97 on Wednesday morning as ample supply and waning demand continued to weigh. The commodity traded at $96.94 at 8:20 GMT with weak economic data driving prices. Oil prices have been largely unaffected by the growing tension in the Middle East where the U.S. and its...

Brent crude oil edged above $97 on Tuesday morning, helped by better than expected economic data out of China. The commodity traded at $97.06 at 8:00 GMT with a global supply glut continuing to weigh on prices. HSBC/Markit Flash PMI data from China pleasantly surprised, with the nation’...

U.S. stocks rose as both the Dow and S&P 500 indices closed at record highs. With over 90 percent of S&P 500 companies reported earnings, investor focus has shifted to renewed merger and acquisition activity that provides a higher level of confidence that the economy is expanding. The...