Saudi Arabia reaffirms full compliance with OPEC+ output targets, highlighting transparency, strategic inventory, and market ...

Saudi Arabia's crude oil exports reached a three-month high in May, driven by the Kingdom's leadership in OPEC+ production ...

According to the government, Saudi Arabia affirms its adherence to the voluntary OPEC+ output target. There is full ...

OPEC was the last of the three agencies to present its monthly update of its forecasts this week, Commerzbank's commodity ...

The Organization of the Petroleum Exporting Countries and its allies agreed to boost output again next month by larger than ...

Saudi Arabia, Russia and six other key members of the OPEC+ alliance on Saturday said they would further increase oil output in August. Analysts had expected the alliance to decide on another ...

"I'm also going to ask Saudi Arabia and OPEC to bring down the cost of oil," Trump said. Crude oil futures fell Thursday after President Donald Trump urged Saudi Arabia and OPEC to cut their prices.

January 23, 2025 1:44 pm President Donald Trump said Thursday that he would call on Saudi Arabia and OPEC to lower oil prices, claiming that the war in Ukraine would end if prices dropped.

Saudi Arabia faces fiscal strain as Brent crude prices remain below the ~$90–96/bbl needed to balance its budget, with a projected 2024 deficit of up to 5% of GDP. Despite non-oil sector growth ...

Saudi Arabia, the de facto leader of OPEC, has been the driving force behind an acceleration in the group's output increases, in part to punish allies that have pumped more oil than they were ...

The OPEC oil cartel led by Saudi Arabia and other allied producing countries resumed talks on Monday, July 5, 2021, amid a standoff with the United Arab Emirates over how much to raise production ...

A group of eight major oil producers - Saudi Arabia, Russia, the United Arab Emirates, Kuwait, Oman, Iraq, Kazakhstan and Algeria - decided on Saturday to increase joint production by 548,000 barrels ...