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Saudi oil strategy working and sees stronger demand

Mr Ali al-Naimi, oil minister of Saudi Arabia, said that he expects oil demand to pick up in the second half of 2015 while supply decreases, in a sign that the kingdom’s strategy of defending market share was working. The ...

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Saudi oil minister says OPEC strategy working

OPEC’s strategy of not cutting production in order to maintain market share is working, Saudi Arabia’s oil minister said Monday as he arrived for a meeting of the cartel to decide on output levels. Asked if this strategy pushed by ...

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Saudi oil infrastructure at risk as Mid-East conflagration spreads

Saudi Arabia’s escalating intervention in Yemen is a high-stakes gamble that risks back-firing in a series of complex ways, ultimately endangering Saudi oil infrastructure and the security of global energy supply. Military analysts say there is little chance that air ...

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