Though OPEC may say its job is to keep prices stable, in fact the market swings up and down. When prices are up, Saudi Arabia ...

Any disruption in Iran's oil production may impact global prices as Saudi Arabia and UAE are the only Opec+ members that can ...

Iran has in the past threatened to disrupt shipping through the Strait of Hormuz if it is attacked. The Strait is the exit ...

Why is Saudi Arabia pumping more oil into an already-full market? Riyadh looks fed up with propping up the oil price and ...

After holding back supply for almost three years to push prices higher, the output curbs are no longer having as much impact, ...

Saudi Arabia and the United Arab Emirates see a chance to ratchet up production in July, the third consecutive month of ...

Saudi Arabia wants OPEC+ to continue with accelerated oil supply hikes in the coming months as it puts greater importance on ...

Oil producer group OPEC has been plunged into crisis, with bitter infighting between Saudi Arabia and the United Arab Emirates raising questions about the future of the energy alliance.

Saudi Arabia says OPEC and Russia could supply more oil to world markets "in the near future" to make up for a collapse in Venezuelan output and the impact of US sanctions on Iran. Speaking during ...

President Biden warned of “consequences.” American rage followed the Oct. 5 decision by OPEC Plus — 23 oil producers led by Saudi Arabia, which includes Russia — to cut oil production ...

In a surprising move, Saudi Arabia pledged to reduce its oil output by 1 million barrels per day for July at the June 4 OPEC meeting. This adjustment, which may continue monthly, places Saudi oil ...

“Well, they didn’t. They chose Russia.” Last week, the Organization of Petroleum Exporting Countries (OPEC) and its allies, led by Saudi Arabia and Russia, said that it will slash oil ...