Trump is in the Middle East for his first major overseas trip of his second term. Deals are high on his agenda.

Saudi Aramco's first-quarter net income came in at $26 billion, down from $27.3 billion for the same period last year. The ...

Jorge Leon of Rystad Energy told Bloomberg, "OPEC+ has just thrown a bombshell to the oil market. With this move, Saudi Arabia is seeking to punish lack of compliance and also ingratiate itself ...

LONDON, May 7 (Reuters) - The oil market appears to be telling Saudi Arabia that its shift to pumping more oil after five years of cutting output was well timed. The kingdom has in recent weeks ...

Jorge Leon of Rystad Energy told Bloomberg, “OPEC+ has just thrown a bombshell to the oil market. With this move, Saudi Arabia is seeking to punish lack of compliance and ... Subscribe to Shale ...

OPEC+ unexpectedly increased its supply additions for May and June by 411,000 bpd each, contradicting earlier efforts to tighten the market. Saudi Arabia raised oil prices for Asia even as demand ...

Saudi Arabia boosts output by up to 2.2M bpd, pressuring oil prices and forcing OPEC+ compliance. Crude oil falls below $60 as increased supply and weak demand weigh on the oil market outlook.

the government remains vulnerable to fluctuations in global oil prices, which have a direct impact on its budget. Bloomberg Dubai: Saudi Arabia’s fiscal health faced significant challenges in ...

US benchmark WTI crude is down nearly 4% as Saudi Arabia ... market share after sacrificing production for OPEC+ voluntary cuts for so long. Additionally, Bloomberg on Wednesday cited oil traders ...

Saudi Arabia is pushing for quicker oil supply increases to pressure OPEC+ members who overproduce. OPEC+ likely to unwind 2.2 million bpd of voluntary output cuts in much shorter time than ...

OPEC+ served two surprises to the oil trading world ... anything from Saudi Arabia doing Trump’s bidding to being so desperate they’d opted for flooding the market in the tried and tested ...

Saudi Arabia's deficit widened to $15.65 billion in Q1 of 2025, driven by an 18% drop in oil revenues. The kingdom's public spending rose, pushing the deficit. Despite increasing non-oil revenues, ...