Trump is in the Middle East for his first major overseas trip of his second term. Deals are high on his agenda.

OPEC+ unexpectedly increased its supply additions for May and June by 411,000 bpd each, contradicting earlier efforts to tighten the market. Saudi Arabia raised oil prices for Asia even as demand ...

Saudi Arabia boosts output by up to 2.2M bpd, pressuring oil prices and forcing OPEC+ compliance. Crude oil falls below $60 as increased supply and weak demand weigh on the oil market outlook.

Saudi Aramco's first-quarter net income came in at $26 billion, down from $27.3 billion for the same period last year. The ...

Jorge Leon of Rystad Energy told Bloomberg, “OPEC+ has just thrown a bombshell to the oil market. With this move, Saudi Arabia is seeking to punish lack ... to stay informed about the happenings that ...

Jorge Leon of Rystad Energy told Bloomberg, "OPEC+ has just thrown a bombshell to the oil market. With this move, Saudi Arabia is seeking to punish lack of compliance and also ingratiate itself ...

Saudi Arabia ... impacting oil prices,” Aramco President and CEO Amin H. Nasser said in a statement. Benchmark Brent crude traded Friday at over $63 (€56.7) a barrel, down from highs of over $80 (€72) ...

LONDON, May 7 (Reuters) - The oil market appears to be telling Saudi Arabia that its shift to pumping more oil after five years of cutting output was well timed. The kingdom has in recent weeks ...

Saudi Arabia is pushing for quicker oil supply increases to pressure OPEC+ members who overproduce. OPEC+ likely to unwind 2.2 million bpd of voluntary output cuts in much shorter time than ...

DUBAI, United Arab Emirates — Saudi Arabia’s state-owned oil giant Aramco posted first-quarter profits of $26 billion on Sunday, down 4.6% from the prior year as falling global oil prices ...

Saudi Arabia's deficit widened to $15.65 billion in Q1 of 2025, driven by an 18% drop in oil revenues. The kingdom's public spending rose, pushing the deficit. Despite increasing non-oil revenues, ...

(AP Photo/Amr Nabil, File) Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-owned oil giant Aramco posted ... Aramco has a ...