OPEC oil output rose in May by less than the volume planned, a Reuters survey found, as Iraq made further cuts to compensate ...

Opec oil output rose in May by less than the volume planned, a Reuters survey has found, as Iraq made further cuts to compensate for earlier pumping above target and Saudi Arabia and the United Arab ...

Saudi Arabia's economy grew by more than expected in the first quarter of 2025, according to government data estimates, with ...

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

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

Saudi Arabia, the world's biggest oil exporter, on Wednesday lowered its July prices for Asian buyers after OPEC+ hiked ...

When Prince Abdulaziz bin Salman was appointed Saudi Arabia’s energy minister six years ago, he vowed to heed even the ...

Oil exporting group Opec+ has announced a further unwinding of production cuts, but the impact on tanker demand may be more ...

Saudi Arabia, Russia and six other key OPEC+ members announced on Saturday a huge increase in crude production for ...

“The step is unreservedly bullish.” Top OPEC producer Saudi Arabia said it would cut output by 500,000 bpd. The Saudi energy ministry said the kingdom’s voluntary reduction was a ...

LONDON: Despite oil trading low at US$60, the Organisation of the Petroleum Exporting Countries and its allies (Opec+) this ...

By boosting supply in a market already grappling with sluggish demand, the move is likely to keep oil prices lower for an ...