“This is a commitment to reduce inventories, and whatever it takes for them to do it.”

Saudi Arabia, the group’s defacto leader, is seeking to balance global oil markets before 2020.

The Aramco bond deal will close on Wednesday.

Saudi Energy Minister had said in January that the state oil giant will be listed by 2021.

The Saudi Crown Prince showed expectional warmth towards Modi from personally receiving the Indian PM outside meeting venue.

Consumers can rest assured that “their energy supplies are available, Saudi Energy Minister said.

The hedge fund manager is of the view that a triple digit oil price will not dampen growth but is necessary to boost investment outside of ...

Aramco, like other major producers, wants to tap rising demand growth and invest in the world's third-biggest oil consumer. Last year it op...

The planned sale of 5 per cent of Aramco could bring Saudi Arabia $100 billion.

The cuts have allowed the US shale producers to lock in margins and plan new investments.

Exchanges in London and New York are vying for a role in Aramco’s IPO.

Saudi Aramco will sign accords and joint-venture agreements valued at about $50 billion with companies like General Electric, Schlumberger ...

Oil prices will never be $100 per barrel as industry can grow production even with oil trading at today’s prices.

In April, an accord between Opec and Russia collapsed on the day it was to be signed when Saudi Arabia unexpectedly insisted that Iran had ...

Qatar's energy minister, Mohammed al-Sada, whose country holds the rotating presidency of the OPEC oil exporting cartel, also said the "dif...

Al-Falih to host the IEF meet during a telephonic conversation between the two ministers, according to the statement.

Saudi Aramco, the world's biggest oil producer, plans to invest $40 billion a year over the next decade to keep oil production capacity ste...