HE Special Envoy of the Minister of Foreign Affairs Ambassador Faisal bin Abdullah Al Hanzab met with HE National Security ...

Energy leaders on Monday expressed concerns over geopolitical tension in the Middle East and the potential impact on crude supply from the region. However, they added that the outcome of the US ...

When the price of oil more than doubled during the Arab Oil Embargo of the early 1970s, short of occupying Saudi Arabia, Kuwait and Iraq, there wasn’t much former Presidents Richard Nixon and Gerald ...

BP chief executive Murray Auchincloss highlighted countries and projects that interest him as he embarks on further ...

The OPEC+ group, which includes Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, will extend oil output cuts again by 1 month ...

The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, spurring a 2 percent increase in the price of U.S. benchmark West Texas ...

OPEC. “Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman extend the 2.2 mbd voluntary adjustments for one month until end of December 2024.” OPEC. “Saudi ...

Oil futures jumped Monday after members of OPEC+ — made up of the Organization of the Petroleum Exporting Countries and its allies — said they would wait yet another month before beginning to unwind 2 ...

In a news release posted Sunday, OPEC said that Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, would extend voluntary cuts totaling 2.2 million barrels a ...

Saudi Arabia and allied oil producing countries say they will postpone a plan to gradually increase oil output until the end of the year.