Saudi Arabia Warns OPEC+ Members Over Production Compliance Saudi Arabia, the de facto leader of OPEC+, has issued a stern warning to members who are exceeding their production quotas, according ...

OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, five OPEC+ sources said as the group’s leader Saudi Arabia seeks … ...

Saudi Arabia's anger at Kazakhstan and other over producing nations was the key driver behind a shock decision by the OPEC+ oil group to open taps on Thursday and might not be reversed even if oil ...

Biden's awkward trip to Saudi Arabia in July was justified as necessary to boost ties. Now OPEC's decision to slash production is prompting recriminations.

President Donald Trump said Thursday that he would call on Saudi Arabia and OPEC to lower oil prices, claiming that the war in Ukraine would end if prices dropped. “I am also going to ask Saudi ...

Saudi Arabia has signaled that is is ready to flood the market with oil if OPEC doesn't commit to curbing supply. That bodes ill for Russia.

Saudi Arabia's oil minister says crude prices could fall as low as $50 per barrel. OPEC delegates consider this a signal that the Saudis are ready to engage in a price war. The minister called out ...

OPEC and its allies could play a major role in the outcome of the U.S. presidential election this November, as observers watch closely for signs that the world’s two largest oil exporting ...

Russian President Vladimir Putin is in the Middle East to meet with the leaders of the United Arab Emirates and Saudi Arabia, where oil production levels will be discussed.

The OPEC oil cartel led by Saudi Arabia and allied producers including Russia will try to agree Thursday, Nov. 30, 2023 on cuts to the amount of crude they send to the world, with prices having ...

Saudi Arabia and Russia are leading the way, with cuts of 1m barrels a day (b/d) and 300,000 b/d respectively; the rest of opec + is together contributing another 3.7m b/d in cuts.

Saudi Arabia is asking others in the OPEC+ coalition to reduce their oil-output quotas in a bid to shore up global markets but some members are resisting, delegates said.