Until recently OPEC + was showing restraint. Strict quotas, cutting the group’s production by nearly 6m b/d, were introduced ...

Saudi Arabia Warns OPEC+ Members Over Production Compliance Saudi Arabia, the de facto leader of OPEC+, has issued a stern ...

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 ...

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

The Saudi-led OPEC meeting was originally scheduled for Monday, but moved ahead with "less than a day's notice" to Saturday, ...

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

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

What is the Saudi factor? To me, it is the ability of Saudi Arabia to use its national wealth to possess and exercise ...

Second, because Saudi Arabia has done it before, launching price wars against Opec cheaters in 1985-86, 1998 and 2020. Yet, I remain unconvinced that’s all there’s to it.

The world's top oil exporter and de-facto OPEC leader saw its total revenues drop 10% to 263.616 billion riyals in the first ...

RIYADH] Saudi Arabia’s deficit widened significantly to US$15.65 billion in the first quarter of 2025 from US$3.30 billion a ...