Khalid Al Falih

The Organization for Oil Exporting Countries (OPEC) reached a historic agreement that calls on OPEC members and non-member oil nations alike to lower their collective output to help boost oil prices higher. The problem is the OPEC agreement isn't sufficient to sustain a longer-term recovery in oil...

The price of oil fell about 5 percent Wednesday, which marked the commodity's worst performance in more than a year. The decline carried over into Thursday's session as crude oil dipped below the $50 per barrel mark for the first time since December. According to a Bloomberg report, oil...

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...