OPEC+ announced a production increase of 411,000 barrels per day for July, up from the initially planned 134,000 bpd. The decision was made in a virtual meeting involving major ...

Trump's GCC tour boosts UAE's role with $2.8 trillion deals in AI, aviation, and energy, redefining US-GCC partnerships. It ...

Most stock markets in the Gulf ended lower on Sunday as U.S. President Donald Trump's comments accusing China of breaking a ...

The production increases come after OPEC+ voluntarily cut output totaling 2.2 million barrels a day starting in January 2024 to support stability and balance in the oil market. It began phasing out ...

The production increases come after OPEC+ voluntarily cut output totaling 2.2 million barrels a day starting in January 2024 to support stability and balance in the oil market. It began phasing out ...

If this drags OPEC+ oil producers and their competitors toward a full-blown glut, as is likely, another tussle for market ...

When Prince Abdulaziz bin Salman was appointed Saudi Arabia’s energy minister six years ago, he vowed to heed even the ...

Big moves, though not big enough to sink oil prices. You might, therefore, think that OPEC + is in total control. After all, ...

US President Donald Trump's tariffs, his call to "drill baby drill" and especially a decision by OPEC+ to hike crude output ...

A core group of OPEC+ oil cartel members will continue their expansion of production volumes in the summer, they ...

Syria and Saudi Arabia said Saturday they aim to boost economic cooperation to for their mutual benefit and create jobs for ...

Saudi Arabia and the United Arab Emirates see a chance to ratchet up production in July, the third consecutive month of ...