Saudi government officials ”haven’t said they’re going to crush the U.S. oil and gas industry, but it’s a foregone conclusion ...

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 ...

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 ... Subscribe to Shale ...

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 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 ...

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 ...

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

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'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, ...

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 ...

Aramco has a market value of over $1.6 trillion, making it the sixth richest company behind Microsoft, Apple, NVIDIA, Amazon and Alphabet, the owner of Google. Analysts see the company as a trend ...