The OPEC+ oil cartel, which is de facto led by Riyadh, has increased production—causing barrel prices to hit a four-year low.

Saudi Arabia Warns OPEC+ Members Over Production Compliance Saudi Arabia, the de facto leader of OPEC+, has issued a stern ...

Saudi Arabia is boosting oil output, pressuring U.S. shale producers and shaking markets. Here's how this move could impact ...

The Saudi-led OPEC meeting was originally scheduled for Monday, but moved ahead with "less than a day's notice" to Saturday, ...

The OPEC+ cartel announced on Saturday that it would increase oil production again. It announced a 411,000-barrel-per-day oil ...

The group agreed to raise output in June, a sign that Saudi Arabia and its allies appear to be weary of cutting output and ...

Saudi Arabia has signalled it is willing to enter a painful price war to assert dominance over other oil producers, but ...

OPEC+ stunned the oil market by doubling its planned supply increase and raising prices for Asia, sparking speculation about ...

U.S. oil prices fell to $57 a barrel after the OPEC Plus cartel said this weekend that it would pump more oil.

Saudi Arabian officials are briefing allies and industry experts to say the kingdom is unwilling to prop up the oil market ...

RIYADH] Saudi Arabia’s deficit widened significantly to US$15.65 billion in the first quarter of 2025 from US$3.30 billion a ...

The world's top oil exporter and de-facto OPEC leader saw its total revenues drop 10% to 263.616 billion riyals in the first ...