Brent crude futures fell 3.3% to $59.25 per barrel, while West Texas Intermediate crude futures slipped 3.4% to $56.29 per ...

StanChart has turned bearish on oil, slashing its 2025 forecast by $16 to $61/bbl amid recession fears. Manufacturing is a ...

The group agreed to raise output in June, a sign that Saudi Arabia and its allies appear to be weary of cutting output and ...

Oil prices have dropped over tariffs and tensions within OPEC+. What does that mean for Saudi Arabia’s “giga-projects?” ...

OPEC+ has agreed to accelerate oil production hikes for a second consecutive month, raising output in June by 411,000 barrels ...

Experts often talk about the oil price Saudi Arabia needs to balance its budget, but it has time and space to rely on debt, ...

Saudi Arabian officials are briefing allies and industry experts to say the kingdom is unwilling to prop up the oil market ...

The major part of the sell-off was due to the fallout from "Liberation Day" on April 2, when President Trump announced much ...

A price drop benefits any country seeking to cut its fuel bill. But in oil producing nations, lower prices can feed economic ...

On Saturday, eight members of OPEC+, including Saudi Arabia and Russia, announced they would add 411,000 barrels per day to ...

Inventories may increase by about 200m barrels over the next three quarters, which could drive crude toward the low $50s ...

Increased Saudi Arabian production quotas in May are set to drive crude oil export growth, according to shiptracking agency ...