Oil prices fell by more than $1 a barrel on Monday after OPEC+ decided to accelerate its output hikes, causing concerns about ...

U.S. crude oil futures fell more than 2% on Monday, after OPEC+ agreed to surge production for a second month.

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

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

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

Crude oil closed lower on a Q1 contraction in U.S. economic activity and a report that Saudi Arabia is unwilling to shore up ...

RIYADH/DUBAI (Reuters) - Saudi Arabia’s economy grew in the first quarter, supported by activity in the non-oil sector as the ...

Stock markets in the Gulf ended mixed on Thursday amid falling oil prices and weaker-than-expected U.S. GDP data.

U.S. crude oil stockpiles fell unexpectedly by 2.7 million barrels last week on higher export and refinery demand, the Energy ...

Saudi Arabia has increased the price of its flagship crude grade loading for Asia in June, even as OPEC+ decided to continue ...

Saudi Arabia and India are facing challenges in initial talks regarding Saudi investment in Indian refineries, primarily due ...

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