Saudi Arabia plans to increase its oil production next month, in contrast to the recent decline in large production, a sign of growing confidence in the recovery in oil prices, Kingdom advisers said. The world’s largest oil exporter surprised oil markets last month when it said it would cut crude …
Read More »Once an American enemy, now a friend: OPEC is 60 years old
LONDON (Reuters) – In 1973, Arab members of the Organization of Petroleum Exporting Countries brought the U.S. economy to its knees. Now, the 60-year-old cartel and Washington Washington are more likely to bid. File photo: Crown Prince Mohammed bin Salman of Saudi Arabia shakes hands with US President Donald Trump …
Read More »Saudi King Salman, 84, admitted to hospital
RIAD (Reuters) – Saudi Arabia’s 84-year-old king, Salman bin Abdulaziz, was admitted to a hospital in the capital, Riyadh, suffering from inflammation of the gallbladder, the state-run SPA news agency said on Monday. The king, who has ruled the world’s largest oil exporter and a close ally of the US …
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