27 November 2017
Minister of the Year
Khalid A. Al-Falih, Saudi Arabia
Having long been one of the oil industry's most influential figures, 2017 has been a year in which Saudi Arabia's Minister of Energy, Industry and Mineral Resources has shown exceptional leadership. Also holding the position of chairman of Saudi Aramco, Al-Falih has steered the world's largest oil exporter to the heart of negotiations to help rebalance the oil market. Al-Falih has spearheaded the historic deal between Opec, and some of the world's largest oil producers outside of the group, to restrict their crude output to help speed up market rebalancing. His influence has been felt acutely. Saudi Arabia's decision in the summer of 2017 to cut exports, as well as its production, has been c
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away






