Opec does two things well: produce oil and manage the market to its advantage. The cartel has long held that cutting production and keeping the oil price high beats selling more barrels at lower ...

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, a Reuters survey found, although the increase was limited as Iraq pumped below target to ...

OPEC’s crude oil production in May increased less than called for in the OPEC+ agreement. The five OPEC members that have ...

Oil prices steadied on Thursday after falling more than 1% the previous day because of a build in U.S. gasoline and diesel ...

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 ...

Crude oil futures turned lower in a volatile session Wednesday, as a Bloomberg report said Saudi Arabia is open to additional significant OPEC+ production hikes after July in a bid for market share.

Analysts at Morgan Stanley in a report for clients released earlier Monday tried to match up production from certain OPEC+ members with the unwinding of 2.2 million b/d of cuts. The aggregate ...

Saudi Arabia's past oil price wars in 2014–2016 and 2020 backfired, as U.S. shale producers became leaner and more efficient.