Saudi Arabia's national oil company Aramco said its third-quarter profit fell as its downstream division booked a loss on weak refining margins, and that it plans to pay $31.05 billion in dividends.

Saudi Arabian Oil Co., known as Aramco, said on Tuesday that it booked a quarterly net profit of $27.56 billion, down from the $32.58 billion it reported for the same period last year. Analysts ...

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 ...

Saudi oil giant Aramco and Abu Dhabi’s ADNOC plan to expand their downstream businesses, especially in Asia, to lock in ...

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+ has delayed its planned production increase for a second time, citing market conditions and geopolitical uncertainties.

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, ...

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 ...

Kuwait equity index (All Share Index) gained 0.3% for the month driven by a slew of positive earnings results, while ...

Eight members of OPEC+, which groups the Organization of the Petroleum Exporting Countries plus Russia and other allies, were due to raise output in December as part of a plan to gradually unwind the ...

Most major stock markets in the Gulf fell in early trade on Monday, following a decision by OPEC+ to delay a planned December ...