"The odds are higher than the market is currently discounting that the Saudis will take their foot off the brake sooner." ...

Brent crude is climbing toward $100 a barrel after the two OPEC+ nations made a risky choice to slice their production.

The Saudis and the Russians may have taken a risk with their cuts, but with Brent at $95 per barrel, both incumbents have seen their oil revenues increase compared to earlier this year ...

Crude prices going above $100 per barrel mark brings inflationary pressures on global economy and will compel central banks ...

Saudi Arabia has likely pulled in an extra $30 million a day in oil revenue, or about $2.6 billion over the past quarter.

Saudi Arabia may be getting closer to declaring its oil-market mission accomplished than traders realize, according to ...

Opec’s leader claims its massive oil production cuts are no different to the actions of central banks, as oil prices hit a ...

Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. Saudi Arabia will extend its voluntary 1 million bpd crude ...

Global oil inventories were expected to fall in the fourth quarter after Saudi Arabia extended output cuts this month, while ...

Crude oil prices on Tuesday jumped as much as 2.7% to the highest since November after Saudi Arabia and Russia said they’re extending their voluntary production cuts through the end of the year.

U.S. crude oil production is forecast to rise more than previously thought in 2023, while global oil inventories are expected ...

Saudi Arabia and Russia agreed Tuesday, Sept. 5, 2023, to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million barrels of crude out of the global market ...