Saudi Arabia Sought to Push Oil Prices Higher. Markets Had Other Ideas.

Worries about higher-than-expected production and slowing demand are putting pressure on crude oil.

OPEC Crude Production Slumps as Voluntary Cuts Bite

The group ramped up its efforts to tighten the oil market as some of the group’s…

Saudi Output Cut to Boost Oil Prices Could Be Costly

A 10% reduction in production shows Riyadh is willing to sacrifice market share to prop up…

Oil Traders Are Unfazed by Potential OPEC+ Production Cuts

Oil prices have fallen to a critical level for Saudi Arabia, setting off a showdown between…

Move Over, Scotland. U.S. Oil Enters World’s Most Important Benchmark.

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Gas Prices Give Drivers a Reprieve Heading Into Memorial Day Weekend

Weak fuel demand and low oil prices have pushed petrol prices down after last year’s record.

China’s Demand for Oil Hits Record as IEA Raises Global Forecasts

Market Goods oil market Outlook highlights widening divide between rising demand in the developing world and…

OPEC’s Output Slipped in April Ahead of Saudi-Led Production Cuts

OPEC pumped less oil in April due to supply disruptions in Iraq and Nigeria, further pressuring…

Saudi Aramco’s Profit Slides as Oil Boom Cools

The energy giant’s earnings fell 19% in the first quarter, but it announced an additional dividend…

Oil Prices Under Pressure on Economic Fears and Gusher of Russian Supply

With a slowing global economy reducing demand, it appears that Moscow has not followed through on…