RIYADH/CAIRO: In an unusual way to address the press in an Opec+ conference, the Saudi energy minister Prince Abdulaziz bin Salman shared a document that goes back to 1979 to show that the energy crisis of today is rooted back in the decision of the most developed nations then under the G-7 group, Arab News … Read more
Saudi Arabia’s energy minister Prince Abdul Aziz bin Salman has claimed that the coronavirus pandemic will shrink the global economy by 5.2 percent, During a T20 conference, Saudi Arabia’s energy minister Prince Abdul Aziz bin Salman who is also the chairman of the King Abdullah Petroleum Studies and Research Center (KAPSARC) said: “The pandemic poses … Read more
A final OPEC+ oil supply pact that is to reduce 10 million barrels daily (BPD) awaits Mexico joining said energy minister of Saudia Arabia. The pact was agreed on Thursday. Sources further add on the story that a group called OPEC+ has Russia and other allies devised a plan. The plan includes cutting over the … Read more
