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

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 ...

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

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 ...

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

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