Saudi Arabia’s state-owned oil giant Aramco posted first-quarter profits of $26 billion on Sunday, down 4.6% from the prior ...

Markets should prepare for a sharp downturn in the oil price, analysts with a satellite oil-tracking firm write in a guest ...

Saudi Arabia is boosting oil output, pressuring U.S. shale producers and shaking markets. Here's how this move could impact ...

Saudi Arabia has increased the price of its flagship crude grade loading for Asia in June, even as OPEC+ decided to continue ...

Net profits of oil giant Saudi Aramco declined 4.6% in the first quarter, the company said on Sunday, citing lower sales and ...

Until recently OPEC + was showing restraint. Strict quotas, cutting the group’s production by nearly 6m b/d, were introduced ...

The oil market appears to be telling Saudi Arabia that its shift to pumping more oil after five years of cutting output was ...

Meanwhile, oil bulls are throwing in the towel. Standard Chartered slashed its 2025 Brent forecast by $16 to $61/bbl, citing ...

Saudi Arabian officials are briefing allies and industry experts to say the kingdom is unwilling to prop up the oil market ...

Oil giant Saudi Aramco on Sunday reported a drop of 4.6 percent in its first-quarter net profits as lower sales and higher ...

Experts often talk about the oil price Saudi Arabia needs to balance its budget, but it has time and space to rely on debt, ...

The group agreed to raise output in June, a sign that Saudi Arabia and its allies appear to be weary of cutting output and ...