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

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

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

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

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

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

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

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

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 ...

OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, five OPEC+ sources said as the group’s leader Saudi Arabia seeks ...

At a meeting on Saturday, Saudi officials led the group in approving a significant production boost of 411,000 barrels a day for June -- marking the second consecutive month of sizable hikes. The move ...