Oil futures on Thursday ended at their lowest in about two weeks, pressured after the Financial Times reported that Saudi ...

Expectations that the OPEC and its allies will start unwinding voluntary output curbs of 2.2 million barrels a day starting ...

In a bold move, Saudi Arabia has decided to increase its oil production despite the potential for a global oversupply. This ...

I do not think that the oil price necessarily at the moment harbingers a slowdown, although clearly there is slowdown in some ...

Saudi Arabia’s move comes as oil prices are down nearly 5 per cent so far this year, amid increasing supply from other ...

Brent crude fell by as much as 3.7% to $70.72, a two-week low - knocking billions off the value of London-listed energy ...

As reported by the Financial Times, citing sources with knowledge of the matter, Saudi Arabia intends to abandon its unofficial price target of $100 per barrel allowing it to increase oil production.

Hopes for a ceasefire in the Middle East, combined with potential Saudi production increases and Libyan export restarts, are ...

Oil prices are set for a weekly drop due to a combination of factors, including the Libyan oil production agreement, Saudi Arabia's potential shift away from a $100 per barrel target, and OPEC+ plans ...

Oil slumped again on reports of the Saudis moving to defend their market share. But lower prices may likely persist ...

Inflation is primarily driven by oil prices, with recent spikes due to the pandemic and Russia's invasion of Ukraine. Explore ...

The OPEC alliance is once more angling in on group compliance with oil output cuts, amid overproduction from heavyweight members Iraq and Kazakhstan.