RIYADH: When Prince Abdulaziz bin Salman was appointed Saudi Arabia's Energy Minister six years ago, he vowed to heed even ...

Hostilities between Russia and Ukraine combined with the Organization of the Petroleum Exporting Countries (OPEC) agreeing on Saturday to boost July output by 411,000 barrels per day (bpd) caused oil ...

Saudi Arabia's past oil price wars in 2014–2016 and 2020 backfired, as U.S. shale producers became leaner and more efficient.

Crude oil futures jumped despite the widely expected OPEC+ decision to unwind another 411K bbl/day of production cuts in July, outweighed by escalating geopolitical tensions.

Oil prices jumped by about 4 per cent on Monday after producer group OPEC+ kept output increases in July at the same level as ...

Oil prices jumped by about 3 per cent on Monday after producer group OPEC+ kept output increases in July at the same level as ...

First Solar Stock Falls. Wall Street Is Split on Fate of Renewables. The solar energy company's shares are down 45% over the last 12 months but some analysts believe it has room to rise. Gain insight ...

Global oil prices rallied hard on Monday, lifting U.S. crude to the highest levels in two weeks, as investors shrugged off a ...

July RBOB at the high was over $2.09 but has pulled back and was last trading at $2.0639/gal, up 4.88cts. The strong start for the July contract keeps some stiff backwardation in place as July futures ...

Downward pressure on oil prices may lead to relief at the pump this summer. A headline in the New York Times this weekend ...

Saudi Arabia and Russia had to reach a difficult compromise on OPEC+ policies on Saturday as Riyadh pushed to accelerate oil ...

Saudi Arabia, Iraq, Kuwait, Kazakhstan, Oman, Algeria, Russia and the United Arab Emirates -- referred to as OPEC's Group of 8 -- announced 2.2 million b/d of voluntary cuts in November of 2023, and ...