
Minister of Petroleum and Mineral Resources of the Kingdom of Saudi Arabia Ali bin Ibrahim Al-Naimi arrived here today, to lead the Saudi delegation to the 164th ministerial meeting of OPEC scheduled to be held here tomorrow. In a press statement to Saudi Press Agency (SPA), he said the situation in the world oil market, for the time being, is stable and balanced regarding supply and demand, alike, in addition to the trading stockpiles and that the prices are at suitable level for the producers, consumers and the industry. Asked about the possible decisions the meeting might take as regards the price of oil, Al-Naimi said it is difficult to speak right now about such expectations as the meeting will take the right decision on whatever is required in accordance with information and future forecasts, at avail.
GMT 22:17 2018 Monday ,22 January
Opec output cuts near victoryGMT 22:57 2018 Saturday ,20 January
the literary canary in India's coalmineGMT 07:11 2018 Friday ,19 January
Oil market heads towards 'smooth rebalancing': OPECGMT 19:07 2018 Saturday ,13 January
Oil hits $70 a barrel for the first time in three yearsGMT 19:07 2018 Saturday ,13 January
Oil hits $70 a barrel for the first time in three yearsGMT 15:44 2018 Saturday ,13 January
Bahrain to host MERTC 2018GMT 18:24 2018 Friday ,12 January
No need to panic over $70 oil price: UAE Energy MinisterGMT 13:21 2018 Friday ,12 January
Kuwaiti oil price up 93 cents to stand at US$66.09 per barrel

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor