Jorge León, a former OPEC analyst, reckons that the pain will continue until the troublemakers reform their ways. It is a risky gamble for Saudi Arabia, which is part-way through an expensive ...

Saudi Arabia is boosting oil output, pressuring U.S. shale producers and shaking markets. Here's how this move could impact ...

Saudi Arabia is signaling a major policy shift within ... which are already under pressure from global economic uncertainty and trade tensions, including fallout from President Donald Trump ...

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

This past weekend, OPEC, led by Saudi Arabia, announced it would increase production by 411k barrels per day. The action follows a 250k increase last month. The decision is different from OPEC’s ...

This past weekend, OPEC, led by Saudi Arabia, announced it would increase production by 411k barrels per day. The action follows a 250k increase last month. The decision is different from OPEC’s ...

Saudi Arabia, OPEC’s de facto leader ... For the Trump administration, the bearish pressure on oil prices also helps ease concerns that its recent ratcheting up of sanctions on Iran’s oil ...

The OPEC+ cartel announced on Saturday that it would increase oil production again. It announced a 411,000-barrel-per-day oil ...

A four-year low in global oil prices adds pressure on ... Trump has called for OPEC + to raise output and is scheduled to visit Saudi Arabia this month. Riyadh, according to the newspaper, also ...

When oil prices fall, many large oil-producing countries come under pressure to cut their ... due to sensitivity of the issue ...