Saudi Arabia, the kingpin of OPEC+ seems prepared to test the oil market as well as cartel members with strong commitment to ...

Saudi Arabia boosts output by up to 2.2M bpd, pressuring oil prices and forcing OPEC+ compliance. Crude oil falls below $60 as increased supply and weak demand weigh on the oil market outlook.

The figures signal continuing strain for the Saudi state oil giant's balance sheet as crude prices show no sign of recovering and global demand slows in line with pressures on trade. The company ...

Last month, Saudi Arabia and India agreed to boost energy cooperation, including by potential Saudi investment in two refineries in the world’s third-largest crude oil importer. However ...

Top oil exporter Saudi Arabia raised the June price of its flagship Arab Light crude for Asian buyers after ... These products and services are usually sold through license agreements or ...

WTI crude oil futures slipped nearly 2% on Monday after ... 44% of the voluntary cuts made since 2022. What to Know: Saudi Arabia drove the decision to increase output. The country aims to ...

Saudi Arabia needs oil at more than $90 a barrel to balance its budget, the International Monetary Fund estimates. Goldman Sachs in mid-April warned that Brent crude at $62 a barrel — its price ...

Top oil exporter Saudi Arabia raised the June price of its flagship Arab Light crude for Asian buyers after OPEC+ agreed to accelerate output hikes for a second straight month. State-owned oil ...

Saudi Aramco's first-quarter net profit fell 5% year-on-year amid lower oil prices and production. Net income for the three months to March 31 came in at $26 billion, down from $27.3 billion for ...