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

Carole Nakhle, founder and director of Crystol Energy, says the oil price target may be more of an "indirect message" from ...

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 ...

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

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

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 ...

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

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.

Oil prices are under pressure after reports that Saudi Arabia may be returning to its strategy of securing market share, sparking oversupply concerns.

Houthi rebels claim to have launched a ballistic missile towards Tel Aviv, Bloomberg reports. Additionally, Houthi rebels confirm as well that they are targeting ships in the Red Sea again.

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