Crude oil futures turned lower in a volatile session, as a Bloomberg report said Saudi Arabia is open to additional ...

Oil prices steadied on Thursday after falling more than 1% the previous day because of a build in U.S. gasoline and diesel ...

Despite OPEC+’s announced production increases, actual output has lagged behind expectations, raising concerns about ...

Saudi Arabia and the United Arab Emirates see a chance to ratchet up production in July, the third consecutive month of ...

Saudi Arabia, the world's biggest oil exporter, on Wednesday lowered its July prices for Asian buyers after OPEC+ hiked ...

Saudi Arabia and Russia had to reach a difficult compromise on OPEC+ policies on Saturday as Riyadh pushed to accelerate oil ...

Saudi Arabia wants OPEC+ to continue with accelerated oil supply hikes in the coming months as it puts greater importance on ...

The OPEC+ alliance may be boosting oil-production quotas at a significant pace in a push to restart idled capacity, but that ...

Saudi Arabia's past oil price wars in 2014–2016 and 2020 backfired, as U.S. shale producers became leaner and more efficient.

In its 65 years of existence OPEC has navigated many crises, from Gulf wars and America’s shale boom to a pandemic-era oil ...

Russian and Saudi oil interests have not been so misaligned since the pandemic as Saudi Arabia seeks to accelerate its oil ...

The price cut by Saudi Arabia, key oil producer within OPEC - the oil producing group that includes members of the Organization of the Petroleum Exporting Countries and allies such as Russia - follows ...