By ripping off the band-aid, the Saudis seem to have accepted that letting prices weaken is a way to regain their lost market share.

The OPEC+ Joint Ministerial Monitoring Committee (JMMC) commended the additional voluntary oil production cuts implemented by ...

The plunge in oil prices following the twin shocks of President Donald Trump’s tariffs and the surprise boost in production from the Organization of the Petroleum Exporting Countries and allies (Opec+ ...

KUWAIT CITY, April 6: Minister of Oil, Tareq Al-Roumi, affirmed on Saturday that strong cooperation among OPEC+ member states ...

The OPEC+ alliance unexpectedly announced a larger-than-anticipated supply boost for May, triggering a market-wide reaction.

In addition, the committee "valued the additional voluntary production adjustments made by the eight OPEC+ countries, which were announced in April and November 2023 in supporting market stability" ...

The combination of the tariffs and the Saudi-led response dropped Brent crude oil prices down to just $65.58 a barrel.

Fears that President Trump’s tariffs could slash global economic growth — and demand for oil — are weighing on the market.

Oil majors saw their stocks nosedive Thursday and Friday as the one-two punch of US President Donald Trump’s sweeping tariffs ...

For most of this decade, the OPEC+ alliance has been the world’s most stalwart defender of high oil prices. In just a few ...

Saudi Arabia's anger at Kazakhstan and other over producing nations was the key driver behind a shock decision by the OPEC+ ...