Prince Abdulaziz bin Salman.

Deep output cuts by OPEC and other oil-producing nations will not prevent a huge build-up of crude, the head of the IEA said on Friday, urging the world’s richest economies to discuss broader ways to stabilize oil markets. Fatih Birol,…

The Saudi energy minister on Monday discussed with the Russian minister of economic development cooperation in energy and the stability of global markets, Saudi state news agency (SPA) reported. Prince Abdulaziz bin Salman discussed with…

  The Organisation of the Petroleum Exporting Countries (OPEC) has commended Nigeria’s unwavering commitment to the stability of the global oil market which spanned many years of its membership of the…

The OPEC oil cartel urged continued production restraint Wednesday, saying output gains are still expected to outpace growth in demand for oil. With OPEC and its allies set to meet on Thursday to consider fresh reductions, the monthly…