Saudi Arabia's decision to increase oil supply despite falling prices is seen as a strategic move to consolidate market share and force out rivals.

Jean-Pierre acknowledged OPEC's decision means Saudi Arabia's leaders "certainly are aligning themselves with Russia and right now this is not a time to be aligning with Russia." ...

Saudi Arabia Warns OPEC+ Members Over Production Compliance Saudi Arabia, the de facto leader of OPEC+, has issued a stern warning to members who are exceeding their production quotas, according ...

OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, five OPEC+ sources said as the group’s leader Saudi Arabia seeks … ...

President Donald Trump said Thursday that he would call on Saudi Arabia and OPEC to lower oil prices, claiming that the war in Ukraine would end if prices dropped. “I am also going to ask Saudi ...

And given these factors, his handling of the OPEC members of the OPEC+ oil cartel, and their de facto leader Saudi Arabia, will be much the same as it was in his first term in the top job.

Saudi Arabia has invited OPEC+ oil ministers to Riyadh to hold their June 2 policy meeting to discuss a complex deal that may extend deep oil production cuts into 2025, sources from the producer ...

NEW YORK (AP) — Some members of oil cartel OPEC, led by Saudi Arabia, and allied producers like Russia are again deepening their voluntary crude supply cuts. Announcements from several OPEC+ ...

Saudi Arabia could be pushed to flood the oil market with supply in a bid to regain control of prices, one energy expert said.

Russian President Vladimir Putin is in the Middle East to meet with the leaders of the United Arab Emirates and Saudi Arabia, where oil production levels will be discussed.

Saudi Arabia may flood the market with more oil supplies, reversing its production curbs, as the world's top crude exporter tries to regain control of prices, an energy market veteran said.