Saudi Arabia's drive to rapidly increase OPEC+ oil output may put Riyadh in the pole position to regain market share today ...

A group of eight major oil producers - Saudi Arabia, Russia, the United Arab Emirates, Kuwait, Oman, Iraq, Kazakhstan and Algeria - decided on Saturday to increase joint production by 548,000 barrels ...

OPEC+ members, including Saudi Arabia and Russia, have agreed to increase oil production by 548,000 barrels per day starting in August.

Oil demand is expected to decline alongside slowing global growth, with China and Saudi Arabia—two of the world’s biggest oil ...

TEHRAN - Iran has become the second-largest oil refiner among OPEC member states, with a daily refining capacity of 2.237 million barrels — accounting for 16 percent of OPEC’s total and 2.1 percent of ...

The move follows a series of production boosts initiated in April 2025 and comes amidst pressures to meet global demand and ...

Oil reversed an early drop on Monday despite a larger-than-expected supply increase by OPEC+ for August that was announced at ...

Saudi Arabia, Russia and six other key members of the OPEC+ alliance will discuss crude oil production on Saturday, with analysts expecting the latest in a series of output hikes for August. The wider ...

Historically, Russia, which co-leads the OPEC+ alliance with Saudi Arabia, has faced criticism for poor compliance with ...

The weekly Department of Energy/Energy Information Administration average weekly retail diesel price rose 1.2 cents/gallon ...

Oil prices experienced a surge following Saudi Arabia's unexpected decision to increase prices for its primary crude grade ...

The moderation in prices comes after Trump issued formal notifications to several trading partners that significantly higher ...