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

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

Saudi Arabia, the kingpin of OPEC+ seems prepared to test the oil market as well as cartel members with strong commitment to bring barrels to the market.

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

Saudi Arabia boosts output by up to 2.2M bpd, pressuring oil prices and forcing OPEC+ compliance. Crude oil falls below $60 as increased supply and weak demand weigh on the oil market outlook.

Saudi Aramco's first-quarter net income came in at $26 billion, down from $27.3 billion for the same period last year. The figure was slightly above analyst expectations of $25.3 billion. Aramco announced its free cash flow for the quarter at $19.

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

DUBAI, United Arab Emirates — Saudi Arabia’s state-owned oil giant Aramco posted first-quarter profits of $26 billion on Sunday, down 4.6% from the prior year as falling global oil prices ...

DUBAI, United Arab Emirates — (AP) — Saudi Arabia’s state-owned oil giant Aramco posted first ... Aramco has a market value of over $1.6 trillion, making it the sixth richest company behind ...

The Saudi oil production increase threatens U.S. shale and could spark another market shakeout as global supply surges face new pressure.