Saudi Arabian officials are briefing allies and industry experts to say the kingdom is unwilling to prop up the oil market with further supply cuts and can handle a prolonged period of low prices, ...

Saudi Arabia is again making news in the oil markets. In a move reminiscent of the disastrous ... Subscribe to Shale Magazine to stay informed about the happenings that impact your world. Or listen to ...

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.

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 ...

The oil cartel has agreed to boost output by 411,000 barrels per day next month, as uncertainty driven by U.S. tariffs has rippled through Middle Eastern markets. That means Saudi Arabia will ...

Saudi Arabia is again making news in the oil markets. In a move reminiscent of the disastrous price war of 2015-2016 (see OPEC’s Trillion Dollar Miscalculation), the kingdom has decided to boost ...

The oil cartel has agreed to boost output by 411,000 barrels per day next month, as uncertainty driven by U.S. tariffs has rippled through Middle Eastern markets. That means Saudi Arabia will likely ...

The oil cartel has agreed to boost output by 411,000 barrels per day next month, as uncertainty driven by US tariffs has rippled through Middle Eastern markets. That means Saudi Arabia will likely ...

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, ...