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Saudi Arabia’s state-owned oil giant Aramco posted first-quarter profits of $26 billion, down 4.6% from the prior year.
Riyadh may tighten spending or raise taxes, while analysts warn the deficit could exceed $67 billion if Brent averages $62 ...
Saudi government officials ”haven’t said they’re going to crush the U.S. oil and gas industry, but it's a foregone conclusion,” Sankey said in an interview. Meanwhile, “low oil prices is one of the ...
Saudi Arabia is boosting oil output, pressuring U.S. shale producers and shaking markets. Here's how this move could impact ...
The oil market appears to be telling Saudi Arabia that its shift to pumping more oil after five years of cutting output was ...
The OPEC+ oil cartel, which is de facto led by Riyadh, has increased production—causing barrel prices to hit a four-year low.
Opec+’s repeated decisions to boost oil output signal an acceptance by Saudi Arabia that it is unable to push prices higher, ...
Saudi Arabia has signalled it is willing to enter a painful price war to assert dominance over other oil producers, but ...
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