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

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's crude oil exports in May rose to their highest in three months, data from the Joint Organizations Data Initiative (JODI) showed on Monday.

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 ...

Gas could get even cheaper this summer. Supachai Panyaviwat/. OPEC+ is boosting oil output, tanking prices as US summer travel peaks. OPEC leader Saudi Arabia is aimin ...

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 ...

Saudi Arabia managed to stick to its oil output quota last month because of a tweak to what the Organization of the Petroleum Exporting Countries counted as Riyadh’s production levels.

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 ...

“I’m also going to ask Saudi Arabia and OPEC to bring down the cost of oil,” Trump said in his address to the World Economic Forum at Davos, according to a CNBC report. “If the price came ...

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 ...

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

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