Saudi Arabia raises crude oil prices to a four-month high as demand from China surges and domestic energy consumption peaks.

Saudi Arabia reportedly overshot its June oil production quota by 700,000 barrels per day, raising questions about OPEC+ ...

Saudi Arabia is asking the companies that OPEC uses for independent analysis of oil-production levels to submit a lower figure for the kingdom’s June output, according to people familiar with the ...

Saudi Arabia is asking the companies that OPEC uses for independent analysis of oil-production levels to submit a lower ...

The non-oil trade surplus of Saudi Arabia with the Gulf Cooperation Council (GCC) countries recorded an annual growth rate of 203.2% to more than SAR2 billion in April. It soared to around SAR3,511 ...

The House of Saud is not just a royal family, it is an empire. With an estimated net worth of £1.1 trillion ($1.4 trillion), ...

Brent crude futures settled up $1.72, or 2.5 per cent, at $70.36 a barrel. US West Texas Intermediate crude gained $1.88, or ...

OPEC+ increases oil output amid falling prices and inflation relief, raising concerns over climate targets and green energy ...

US sanctions could be announced early next week as Trump signals an increasing frustration with Putin’s refusal to end his ...

Conflicting supply/demand market signals this week had oil prices gyrating daily. The second-consecutive weekly inventory ...

In the wake of the recent conflict between Israel and Iran, the question of military strength in the Middle East has been at ...

Saudi Arabia’s Ministry of Energy has confirmed that the Kingdom remained fully compliant with its voluntary OPEC+ production targets in June, with marketed crude oil supply averaging 9.352 million ...