Saudi Aramco’s Q3 profit fell 15.4% to $27.6 billion due to lower oil prices, yet it maintained a $31.1 billion dividend, ...

The oil company said lower oil prices and refining margins pushed down profit, adding it plans to pay dividends of $31.05 ...

Business activity in the non-oil private sectors of the UAE and Saudi Arabia continued to strengthen in October, with the ...

Saudi Arabia and allied oil producing countries postpone gradual oil output increases until the end of the year, extending cuts by one month due to weak global demand.

You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. OPEC. “Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, ...

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 ...

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 prices of this popular commodity are measured in USD. Saudi Arabia, Russia, United States, Iran and China are the countries producing more oil. On the other hand, United States, China ...

Saudi Arabian oil giant Aramco has reported third-quarter profits of $27.5 billion, down about 15% from last year as low oil ...

If something cannot go on forever, it will stop. Saudi Aramco, the world’s largest oil company, isn’t an exception — despite ...