Saudi Arabia's drive to rapidly increase OPEC+ oil output may put Riyadh in the pole position to regain market share today ...

Oil crept higher as Saudi Arabia surprised customers in Asia by hiking prices for its main crude grade, signaling a vote of ...

A group of eight major oil producers - Saudi Arabia, Russia, the United Arab Emirates, Kuwait, Oman, Iraq, Kazakhstan and Algeria - decided on Saturday to increase joint production by 548,000 barrels ...

Doomsday scenarios about peaking demand or an Asian market implosion are driving current bearish oil views. While OPEC has ...

TEHRAN - Iran has become the second-largest oil refiner among OPEC member states, with a daily refining capacity of 2.237 million barrels — accounting for 16 percent of OPEC’s total and 2.1 percent of ...

The move follows a series of production boosts initiated in April 2025 and comes amidst pressures to meet global demand and ...

OPEC+ attributed the production hike to steady global economic conditions and strong market fundamentals, pointing to low ...

Oil rose 1% on Monday as signs of strong demand outweighed the impact of OPEC+ hiking output more than expected for August, ...

Crude oil shook off early negative reaction to the bigger than expected OPEC+ output increase to settle higher, as OPEC's ...

Oil prices fell after OPEC+ countries unexpectedly announced a more significant increase in oil production in August than ...

The moderation in prices comes after Trump issued formal notifications to several trading partners that significantly higher ...

MUSCAT: The official price of Oman oil for September delivery on Monday reached $69.71 per barrel. The price of Oman oil ...