Despite pledges to increase production, OPEC+ saw a decline in collective output in April, driven by shortfalls in sanctioned ...

Until recently OPEC + was showing restraint. Strict quotas, cutting the group’s production by nearly 6m b/d, were introduced ...

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

U.S. crude oil futures climbed more than $1 a barrel on Tuesday as the White House announced Saudi Arabia's plans to invest ...

As OPEC plans a major production increase, Trump touts falling fuel costs—but US oil producers warn of job cuts, rig ...

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

The two leaders are expected to discuss US efforts to dismantle Iran's nuclear program, end the war in Gaza, hold down oil ...

Saudi Arabia's strategic pivot is about letting go of the illusion of market control and moving production back up toward ...

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, OPEC’s de facto leader, has its own reasons for wanting higher oil production: it wants to regain market share after years of ceding it to rivals, even though the move will cause it ...

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

The oil market appears to be telling Saudi Arabia that its shift to pumping more oil after five years of cutting output was ...