The OPEC+ oil cartel, which is de facto led by Riyadh, has increased production—causing barrel prices to hit a four-year low.

BlackRock Inc.’s Chief Executive Officer Larry Fink, Citigroup Inc.’s Jane Fraser and top bosses of American tech firms will ...

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...

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

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

The recent collapse in oil prices threatens Saudi Arabia's Vision 2030 projects but recent images highlight significant ...

Meanwhile, oil bulls are throwing in the towel. Standard Chartered slashed its 2025 Brent forecast by $16 to $61/bbl, citing ...

President Donald Trump is flying to Saudi Arabia next week with a group of America’s most powerful financial and tech leaders ...

The Q1 2025 deficit is more than three times the SR12 billion recorded in the same quarter last year. The decline in overall ...

What is the Saudi factor? To me, it is the ability of Saudi Arabia to use its national wealth to possess and exercise ...

WTI crude oil futures slipped nearly 2% on Monday after OPEC+ announced it will increase production output by 411,000 barrels ...

U.S. oil prices fell to $57 a barrel after the OPEC Plus cartel said this weekend that it would pump more oil.