OPEC+ producers raised their combined crude oil production in July by less than planned, with Saudi Arabia's supply data ...

Britain’s BP oil and gas giant announced this week its biggest oil and gas discovery in 25 years off the coast of Brazil.

OPEC's oil output rose further in July after an OPEC+ agreement to raise production, a Reuters survey found on Friday, ...

Plentiful supply and weak demand has helped bring down fuel prices, which President Trump has often cited as a measure of his ...

Saudi Arabia currently has more than 230 active drilling rigs operating across the country, according to data released by ...

WTI oil pulls back as traders react to OPEC report, which indicated that Saudi Arabia raised production by 170,000 bpd in ...

"Saudi Arabia’s renewables plans are overhyped and falling short!" "No, they’re not, they’re transformational and decisive ...

The move follows an OPEC+ decision in July to boost production by 548,000 barrels per day in August. OPEC said the production adjustments may be paused or reversed as market conditions evolve ...

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, 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 ...

Clearly, Saudi Arabia, Iran, Libya and Iraq cannot absorb production limitations as they pursue their own goals. And with Aramco's IPO in the works, it cannot cut production to try to manipulate ...

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 ...