Saudi energy minister: I do not influence oil prices
Saudi Arabia Energy Minister Khalid Al Falih
Algiers - Egypt Today
Saudi Arabia Energy Minister Khalid Al Falih said on Sunday he does not influence oil prices, just two days after U.S. President Donald Trump called on OPEC to bring down the cost of fuel.
"I do not influence prices," Falih told reporters in Algiers ahead of a meeting of OPEC ministers and allies such as Russia to discuss the situation in oil markets.
Benchmark Brent oil reached $80 a barrel this month, prompting Trump to call again on the Organization of the Petroleum Exporting Countries to lower prices.
"We protect the countries of the Middle East, they would not be safe for very long without us, and yet they continue to push for higher and higher oil prices! We will remember. The OPEC monopoly must get prices down now!" Trump wrote on Twitter.
Further oil output hike in question
A panel comprised of ministers from OPEC and allied oil producers meeting on Sunday is unlikely to recommend a further increase in crude production from that agreed in June, five OPEC and non-OPEC sources told Reuters.
The panel is also unlikely to decide how to distribute the output increase of 1 million barrels per day decided when OPEC and allied producers last met in June, sources said.
- Thursday ,13 December GMT 13:33 2018 Assad discusses Syrian constitutional committee with Russian delegation
- Thursday ,13 December GMT 13:29 2018 Erdogan vows Syria offensive as US warns against military action
GMT 15:44 2018 Friday ,14 December
Putin signs decree making Vladivostok capital of RussiaGMT 15:39 2018 Friday ,14 December
Electricity minister receives MANTECH delegationGMT 14:52 2018 Friday ,14 December
Michel Aoun meets Rahi in BaabdaGMT 23:02 2018 Thursday ,13 December
Aoun meets UN Special CoordinatorGMT 13:38 2018 Thursday ,13 December
Maduro says meeting with Putin most useful in his careerGMT 13:33 2018 Thursday ,13 December
Assad discusses Syrian constitutional committee with Russian delegationGMT 13:29 2018 Thursday ,13 December
Erdogan vows Syria offensive as US warns against military actionGMT 15:27 2018 Wednesday ,12 December
King Abdullah II discuss cooperation with EU countriesRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 09:23 2019 Friday ,30 August
Testing
GMT 08:26 2017 Monday ,10 July
Air India break-up an option as Modi pushes for quick sale
GMT 17:09 2017 Friday ,29 December
At least 14 dead in Mumbai fire
GMT 13:44 2017 Thursday ,21 December
Nine-time champion Loeb set for 2018 cameo
GMT 12:39 2016 Thursday ,22 December
England's Alastair Cook named as captain of ICC team of year
GMT 13:08 2017 Tuesday ,26 September
Bahrain's aluminum industry thriving, manned by 12,184
GMT 16:24 2017 Friday ,11 August
Kuwait uses restoration expertise of Egyptian Book House
GMT 06:36 2017 Monday ,06 March
Israel approves partial marijuana decriminalisation
GMT 08:50 2017 Sunday ,03 December
Reza Zarrab, the star witness unnerving Ankara
GMT 09:07 2024 Thursday ,08 February
UTair flight makes emergency landing in Russia’s Yekaterinburg
GMT 05:28 2024 Wednesday ,07 February
Future Brazil gov to 'dissociate' itself from UN migration compact
GMT 18:26 2018 Friday ,14 December
Mashrou’ Leila headline Apple event in Dubai
GMT 08:50 2018 Thursday ,06 December
Biological weapons can be discussed only in framework of BWC
GMT 09:31 2018 Sunday ,04 November
Djokovic triumphs over Federer to meet Khachanov in Paris final
GMT 12:35 2018 Thursday ,01 November
UN chief appoints new special envoy for Syria
GMT 07:38 2018 Thursday ,25 October
Abu Dhabi oil giant sees ‘enormous’ investment potential in Kingdom
GMT 04:31 2018 Tuesday ,04 September
Syrian Arab Army destroys rocket launching pads for terrorists in Hama countryside
GMT 12:41 2016 Friday ,09 December
Blatter blasts Infantino over lack of respect
GMT 23:04 2017 Friday ,21 April
Blaze kills 19 at gov't-run shop in central IndiaGMT 03:22 2011 Thursday ,05 May
The Leela Palace New Delhi opens
GMT 10:13 2015 Saturday ,03 January
Fashion East reveals AW15 men's presentation line-up
GMT 03:28 2016 Saturday ,30 April
German researchers develop microbots to clean up lead from water
GMT 13:24 2017 Sunday ,13 August
Plane makes emergency landing at Cairo airport
GMT 03:58 2017 Monday ,03 July
Police Music Band to participate in US Independence Day celebrations
GMT 11:06 2016 Thursday ,15 September
WADA urges Russia to stop doping hacks
GMT 14:05 2014 Thursday ,18 December
Airbnb in Amsterdam tourist tax deal, first in Europe
GMT 19:49 2017 Thursday ,17 August
Daesh claims its 'soldiers' carried out Barcelona attack
GMT 09:26 2016 Monday ,29 August
Egypt seeks tougher penalties
GMT 09:54 2013 Thursday ,28 February
Tragedy for the Canal regions and the Brotherhood's backwardness
GMT 09:08 2018 Wednesday ,10 January
Federer eyes fresh 'fairytale' as Slam rivals struggle
GMT 11:39 2017 Tuesday ,07 November
Netanyahu signals Gaza militant bodies to be bargaining chips
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor