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

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.

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

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 ...

Several major oil-producing countries—including the UAE, Iraq, Saudi Arabia, Brazil, and Guyana—are expanding production ...

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

Oil prices fell on Wednesday as investors awaited developments on U.S. President Donald Trump's tighter deadline for Russia ...

Crude oil futures fell Thursday after President Donald Trump urged Saudi Arabia and OPEC to cut their prices. U.S. crude oil fell 82 cents, or 1.09%, to close at $74.62 per barrel, while global ...

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 ...