Stock markets diverged Tuesday as investors awaited a US Federal Reserve interest-rate meeting for signs of the outlook for ...

Amid expectations that supply will outpace demand, global oil prices have dropped over 10% across six consecutive sessions ...

Saudi Arabia experienced a substantial $15.6 billion budget deficit in the first quarter of 2025, even before the recent ...

The nation’s average price of gasoline has risen for the first time in nearly a month, climbing 2 cents over the past week to ...

"Excessively high prices and too low prices are surely negative for the global economy overall," Dmitry Peskov said ...

The Organisation of Petroleum Exporting Countries (OPEC) has agreed to increase oil production for the second time in two months, adding 411,000 barrels per day to its production quota in ...

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 decision to aggressively increase oil supply will result in an earlier and sustained market surplus throughout 2025.

Saudi Arabia, the kingpin of OPEC+ seems prepared to test the oil market as well as cartel members with strong commitment to ...

Oil prices have rebounded, driven by increased demand, despite ongoing concerns about OPEC+ policies, US tariffs, and ...

The major oil companies' results were hurt by narrow refining margins, lower oil prices and rising costs. The results were the company's first since its March capital markets day, when it said it ...

Stocks closed lower on Wall Street Monday, breaking a nine-day winning streak, as oil prices hit a four-year low after the OPEC+ group announced plans to increase output. The losses came amid a ...