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

Saudi Arabia's budget deficit narrowed to 34.534 billion riyals ($9.21 billion) in the second quarter, marking a 41.1% ...

OPEC+, which pumps about half of the world's oil, has been curtailing production for several years to support the market ...

In a report sent to Rigzone by the Standard Chartered team on Tuesday, analysts at the company, including Standard Chartered ...

OPEC+ is inching toward a pivotal decision this weekend: whether to greenlight another 548,000 bpd in production hikes for ...

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 ...

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.

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 ...

Two OPEC sources told Reuters a ministerial committee comprising OPEC members Algeria, Kuwait, Venezuela, current OPEC president Saudi Arabia and non-OPEC producers Russia and Oman recommended ...

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 ...