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

At a meeting on Saturday, Saudi officials led the group in approving a significant production boost of 411,000 barrels a day for June -- marking the second consecutive month of sizable hikes. The move ...

The OPEC+ oil cartel, which is de facto led by Riyadh, has increased production—causing barrel prices to hit a four-year low.

This past weekend, OPEC, led by Saudi Arabia, announced it would increase production by 411k barrels per day. The action follows a 250k increase last month. The decision is different from OPEC’s ...

This past weekend, OPEC, led by Saudi Arabia, announced it would increase production by 411k barrels per day. The action follows a 250k increase last month. The decision is different from OPEC’s ...

Saudi Arabia, OPEC’s de facto leader ... For the Trump administration, the bearish pressure on oil prices also helps ease concerns that its recent ratcheting up of sanctions on Iran’s oil ...

Economic uncertainty over Trump’s tariff policy has depressed global energy prices — as has OPEC more rapidly opening up production than initially thought. Saudi Arabia in particular needs ...

Saudi Arabia is not ready to tolerate it any further. “Opec’s decision framework appears ... the projected lower oil prices could take some pressure off the balance of payments of oil ...

A four-year low in global oil prices adds pressure on ... Trump has called for OPEC + to raise output and is scheduled to visit Saudi Arabia this month. Riyadh, according to the newspaper, also ...

It was less clear, though, why other OPEC members such as Saudi Arabia and the United Arab Emirates ... though Riyadh may also have been heeding pressure from Trump to lower oil prices.

Nigerian crude fell below the Federal Government’s benchmark, selling for $65 per barrel, as OPEC increased production despite heightened geopolitical ...