Saudi Arabia has increased its August Arab Light crude price to Asia by $2.20 per barrel, the highest in four months, driven by peak domestic energy consumption, increased exports to China, and an ...

Saudi Arabia, the world's biggest oil exporter, may raise its August crude oil prices for buyers in Asia to the highest in ...

OPEC+ jolted markets by announcing it would flood the market with more oil.

Saudi Aramco is raising crude prices globally next month despite OPEC+’s decision to significantly increase oil supply.

Oil prices surged after Saudi Arabia and some other oil producers announced they're reducing their oil output. That will send gas prices higher – and benefit energy companies in America.

But Saudi Arabia knows that it cannot rely solely on a fluctuating oil market for income. Along with its efforts to raise oil prices, it is also trying to bring in investment from abroad.

Oil prices are back in the spotlight, perhaps for not the best reasons. Saudi Arabia, the world’s largest crude oil exporter, is set to increase production in December, abandoning its previously ...

What makes gas prices go up and down? 04:04 Saudi Arabia said on Monday that it "won't bear any responsibility" for a shortage in global oil supplies after a fierce barrage of attacks by Yemen's ...

Saudi Arabia is raising oil prices for US buyers, following a similar move a month ago. Meanwhile, state-run Saudi Aramco lowered prices in Europe and left them largely unchanged for the Asian market.

Saudi Arabia pushed for a larger-than-planned OPEC+ output hike in May, a decision that helped send oil prices below $60 a barrel to a 4-year low. Lower prices are bad news for producers that rely ...

Saudi Arabia has been an aggressive supporter of production control to balance the market in the last five years since its budget requires oil prices of around $90 per barrel.