"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.

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 start winding its production cuts sooner than originally expected in order to avoid high oil prices ...

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 ...

The Gulf kingdom, the world's biggest crude exporter, had planned for a surplus of 16 billion Saudi riyals ($4.27 billion) in ...

Crude prices going above $100 per barrel mark brings inflationary pressures on global economy and will compel central banks to raise interest rates all over again.

OPEC oil output rose for a second straight month in September, a Reuters survey found on Monday, led by increases in Nigeria ...

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.

Both benchmarks rallied nearly 30% in the third quarter on forecasts of a wide crude supply deficit in the fourth quarter ...

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 ...

Oil prices held steady on Monday after suffering losses at the end of last week, as investors' focus returned to a tight ...