Khalid Al-Falih

OPEC and other non-member energy giants like Russia agreed in June to extend its 2016 supply reduction deal to boost energy. But a few months into the extension and oil prices remain stuck below the $50 per barrel mark, which indicates the agreement isn't working in supporting oil prices. According...

The 13 nations that make up the Organization of the Petroleum Exporting Countries reached an agreement to extend a 2016 agreement, which calls for an overall reduction in oil output to help support oil prices. Several other non-OPEC countries also took part in the agreement, which was scheduled to...

Members of the Organization of the Petroleum Exporting Countries and other oil producers are set to meet this Thursday to discuss extending output cuts. The current cuts, an output reduction of 1.8 million barrels per day for six months, were decided in November and implemented on January 1. The...

The United States Oil Fund LP (ETF) (NYSE: USO) is up roughly 2 percent this week after Saudi Arabia energy minister Khalid al-Falih and Russia energy minister Alexander Novak said they would be on board with an OPEC plan to extend November’s crude oil production cuts by nine months. Muted...

Donald Trump’s energy plan may not actually include independence from Saudi oil. According to Reuters analyst John Kemp, Trump’s promise to restrict Saudi oil imports is an “empty threat.” “Trump is first and foremost a showman and impresario rather than a policy wonk...

Oil prices have risen to near the $50 per barrel level from the low-$40s after OPEC members reached a tentative agreement to reduce their oil output. Even though details of the agreement have yet to be fully communicated, and some analysts aren't optimistic on a deal occurring in the first place,...

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...

The United Staes Oil Fund LP (ETF) (NYSE: USO) opened Thursday’s session down more than 2.1 percent following reports that OPEC has yet to agree to a new production ceiling. Despite market jitters, Saudi Arabia’s energy minister Khalid al-Falih assured Reuters that investors don...

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...

The price of oil declined on Monday, partly due to Saudi Aramco's Chairman, Khalid al-Falih's comments. According to The Wall Street Journal, al-Falih said at a conference in Riyadh that the next five years will be critical for the oil market and supply and demand will balance at a...

According to a report by Reuters, the Saudi Arabian government is considering issuing shares of its refining ventures, but not in its crude oil exploration and production operations - which would include Saudi Aramco. Reuters, citing "sources familiar with official thinking," noted that Saudi...