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

OPEC+ crude production rose in June but fell short of its planned hike, with Saudi Arabia clarifying its output amid market scrutiny.

By Anant Chandak BENGALURU (Reuters) -Ramped-up oil production and diversification efforts will help most Gulf economies grow ...

In Riyadh’s own analysis, that supply-to-market figure was 9.36 million barrels a day, a number matched almost identically by OPEC’s independent sources.

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’s sovereign wealth fund has asked consultants to review the feasibility of its “The Line” gigaproject, Bloomberg ...

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 ...

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.

DOHA (Reuters) - Qatar said it will quit OPEC to focus on gas in a swipe at Saudi Arabia, the de facto leader of the oil exporting group which is trying to show unity in tackling an oil price slide.

Saudi Arabia, OPEC’s biggest member, raised output 390,000 barrels a day to 10.1 million a day in March, the highest since September 2013 and close to record levels, the IEA said.

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