Chip and AI stocks are getting their mojo back with Mideast deals. AMD announces $6B buyback. Starbucks baristas strike over ...

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, OPEC’s de facto leader, has its own reasons for wanting higher oil production: it wants to regain market share after ... of U.S. tariffs, the impact will be negative,” Jim ...

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 of compliance and also ingratiate itself ...

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 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.

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 has raised the price of its flagship crude grade loading for Asia in June, just as the Saudi-led OPEC+ group decided to continue easing the production cuts by adding a larger-than ...

DUBAI, United Arab Emirates — (AP) — Saudi Arabia’s state-owned oil giant Aramco posted first ... Aramco has a market value of over $1.6 trillion, making it the sixth richest company behind ...