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  • *Saudi Arabia says OPEC cuts could be extended. *Oil shipments to Asia have risen 3 pct since OPEC- led deal. Saudi Energy Minister Khalid al-Falih said on Thursday oil output cuts by the Organization of the Petroleum Exporting Countries and non- OPEC producers could be extended beyond June if oil stocks stayed above a long-term average.

  • *Saudi Arabia says OPEC cuts could be extended. *Oil shipments to Asia have risen 3 pct OPEC- led deal. Saudi Energy Minister Khalid al-Falih said on Thursday oil output cuts by the Organization of the Petroleum Exporting Countries and non- OPEC producers could be extended beyond June if oil stocks stayed above a long-term average.

  • *OPEC cuts could be extended if necessary- Saudi energy minister. SEOUL, March 17- Oil prices dipped on Friday as the market looked for clues on how effectively OPEC production cuts are working to absorb a global supply overhang. Oil prices fell sharply last week on concerns that production cuts by OPEC and non- OPEC members, including Russia, are not cutting a supply...

  • Saudi oil min: Cuts are learning process for some countries

    Saudi Arabia’s minister of energy, industry and mineral resources and Saudi Aramco’s chairman, Khalid A. Al-Falih talks about its contribution to the OPEC production cut deal.

  • Reforms good for Saudi economy: Expert

    Jahangir Aziz of JP Morgan weighs in on Saudi Arabia's push to reduce its reliance on oil.

  • Demand for metals, oil 'pretty positive'

    Mark Keenan of Societe Generale recommends buying oil, copper and zinc, but selling gold.

  • *OPEC cuts could be extended if necessary- Saudi Energy Minister. SEOUL, March 17- Oil prices were little changed in early Asian trade on Friday as the market looked for clues on how effectively OPEC production cuts are working to absorb a global supply overhang. Oil prices fell sharply last week on concerns that production cuts by OPEC and non- OPEC members...

  • *Oil shipments to Asia up 3 pct since supply cut was announced. *Oil to Asia vs prices: http://tmsnrt.rs/2muIGTc. SINGAPORE, March 17- Halfway into an OPEC- led oil supply cut, Asia remains awash with fuel in a sign that the group's efforts to rein in a global glut have so far had little effect.

  • An oil pump jack in the oil town of Gonzales, Texas.

    Oil was helped on Friday by a weaker dollar, as investors weighed the impact of OPEC output cuts against rising U.S. oil output.

  • SEOUL, March 17- Oil prices edged up on Friday as a drawdown in U.S. crude inventory eased concerns about a global supply glut. Brent crude was up 7 cents, or 0.14 percent, at $51.81 per barrel at 0021 GMT, after closing the previous session down 7 cents at $51.74. OPEC and non- OPEC members including Russia reached a landmark agreement last year to cut output by almost 1.8...

  • Khalid Al-Falih, Saudi Arabia's energy and industry minister, speaks to a member of his delegation ahead of the 171st Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Wednesday, Nov. 30, 2016.

    Saudi Energy Minister Khalid al-Falih urged better delivery from OPEC and 11 other nations that have vowed to reduce oil supply.

  • OPEC compliance is 'more than excellent': Saudi minister

    Khalid Al-Falih, energy minister of Saudi Arabia, tells CNBC that OPEC production cuts are going according to plan.

  • NEW YORK, March 16- Oil prices slipped on Thursday, as support from a weaker dollar was offset by U.S. crude inventories near record high levels that again raised concerns whether OPEC- led output cuts were starting to drain a global glut. The Organization of the Petroleum Exporting Countries and some non- OPEC producers cut production from Jan. 1 to reduce record...

  • An employee works on the assembly line at the General Motors Assembly Plant in Arlington, Texas.

    The White House will reassess federal automobile fuel standards, but attempts to alter Obama-era rules may yield little change, experts say.

  • Riyadh and Beijing, getting cozy

    Saudi Arabia has been looking to boost sales of its oil in china, which also happens to be the world's second biggest oil market.

  • *Investors looking for signs OPEC will extend cuts. LONDON, March 16- Oil prices rose for a second day on Thursday, helped by a weaker dollar and a dip in U.S. crude inventories that suggested OPEC- led output cuts were starting to drain supplies. The Organization of the Petroleum Exporting Countries and some non- OPEC producers cut production from Jan. 1 to reduce...

  • *IEA says OPEC cuts will take time to feed through. Brent crude oil was up 38 cents at $52.19 a barrel by 1050 GMT, recovering from Tuesday's slide to $50.25, its lowest level since Nov. 30 when the Organization of the Petroleum Exporting Countries announced plans to cut supplies. The rebound has been cautious, with investors looking for evidence that OPEC- led supply...

  • *IEA says OPEC cuts will take time to feed through. Brent crude oil was up 38 cents at $52.19 a barrel by 1050 GMT, recovering from Tuesday's slide to $50.25, its lowest level since Nov. 30 when the Organization of the Petroleum Exporting Countries announced plans to cut supplies. The rebound from three-month lows has been cautious, with investors looking for...

  • *IEA says OPEC cuts will take time to feed through. But the rebound from three-month lows has been cautious, with investors looking for more proof that OPEC- led supply cuts will bring a sustained drawdown in stockpiles since OPEC and non- OPEC producers began cutting back output on Jan. 1. Brent crude oil was up 60 cents to $52.41 a barrel by 1005 GMT, recovering from...

  • King Salman oversaw the signing of deals as the world's largest oil exporter looks to cement ties with the world's second-largest economy.