iea no significant change in saudi oil policy after kings death
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

IEA: No significant change in Saudi oil policy after king's death

Arab Today, arab today

Arab Today, arab today IEA: No significant change in Saudi oil policy after king's death

Fatih Birol
Davos - AFP

The chief economist of the International Energy Agency said Friday there would be no "significant" changes to Saudi oil policy following the death of King Abdullah.
"With the death of the king, with the changes (in government), I do not expect any significant change in the oil policy of Saudi Arabia and I expect and hope that they will continue to be a stabilisation factor in the oil markets," Fatih Birol told AFP on the sidelines of the World Economic Forum in Davos.
"I hope they will continue to contribute to the stability of the oil markets ... especially in these days where we are going through difficult days," he added.
The elderly King Abdullah died earlier Friday and was replaced by his half-brother Salman as the absolute ruler of the world's top oil exporter and the spiritual home of Islam.
As the top producer in the Organization of the Petroleum Exporting Countries, Saudi Arabia has been the driving force behind the cartel's refusal to slash output to support oil prices, which have fallen by more than 50 percent since June.
Oil prices surged Friday following Abdullah's death, amid uncertainty over whether the new king would maintain that policy.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

iea no significant change in saudi oil policy after kings death iea no significant change in saudi oil policy after kings death

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

iea no significant change in saudi oil policy after kings death iea no significant change in saudi oil policy after kings death

 



GMT 02:50 2017 Thursday ,12 October

14 dead, 25 missing after China landslide

GMT 09:05 2017 Thursday ,06 April

Asian markets sink with Wall St after Fed minutes

GMT 15:03 2017 Wednesday ,20 September

King Salman allocates $15 million for Rohingya refugees

GMT 02:15 2017 Wednesday ,12 July

ASEAN, Japan to strengthen economic cooperation

GMT 03:00 2018 Wednesday ,12 September

HM King hails Bahrain-US ties

GMT 07:43 2017 Monday ,06 February

Extremists puncture houses in Mousl to escape 

GMT 09:48 2016 Saturday ,27 August

South Sudan wants big budget

GMT 06:31 2018 Wednesday ,03 January

BP says to take $1.5bn hit on US tax reforms

GMT 05:45 2017 Wednesday ,13 December

Japan carmakers make fresh push on hydrogen stations

GMT 10:33 2014 Wednesday ,10 September

Tesla chief says self-driving cars just around corner

GMT 09:00 2017 Monday ,15 May

Oman to host World Cancer Congress 2020

GMT 13:41 2017 Wednesday ,18 January

Indian court clears Bollywood star Salman Khan
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday