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

BlackRock Inc.’s Chief Executive Officer Larry Fink, Citigroup Inc.’s Jane Fraser and top bosses of American tech firms will ...

Saudi Arabia experienced a substantial $15.6 billion budget deficit in the first quarter of 2025, even before the recent ...

Meanwhile, oil bulls are throwing in the towel. Standard Chartered slashed its 2025 Brent forecast by $16 to $61/bbl, citing ...

Saudi Arabia's non-oil private sector activity expansion slowed in April as growth in new orders decelerated sharply, even as ...

Saudi Arabia, the kingpin of OPEC+ seems prepared to test the oil market as well as cartel members with strong commitment to ...

Top US corporate titans including Elon Musk, Mark Zuckerberg and Larry Fink are heading to Saudi Arabia next week for an ...

The 2014-16 price war largely achieved Riyadh’s goals, reducing global supplies and increasing Saudi Arabia’s control of the ...

Saudi Arabia plans to discuss a cooperation agreement with the U.S. on mining and mineral resources. This aligns with its ...

U.S. oil prices fell to $57 a barrel after the OPEC Plus cartel said this weekend that it would pump more oil.

Experts often talk about the oil price Saudi Arabia needs to balance its budget, but it has time and space to rely on debt, ...

U.S. crude oil prices rose more than 4% to $59.56 per barrel Tuesday as domestic production is expected to decline.