Oil futures on Thursday ended at their lowest in about two weeks, pressured after the Financial Times reported that Saudi ...

Saudi Arabia is reportedly ready to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase ...

Saudi Arabia is ready to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output, in ...

Saudi Arabia is preparing to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output ...

The kingdom is resigning itself to a period a lower prices, sources told the FT. Oil markets spiraled on the news, falling as ...

Saudi Arabia’s move comes as oil prices are down nearly 5 per cent so far this year, amid increasing supply from other ...

Saudi Arabia is preparing to abandon its unofficial price target of $100 a barrel for Crude as it prepares to increase output, the Financial Times reported on Thursday, citing people familiar with the ...

Saudi Arabia is abandoning its $100 oil price target and plans to increase oil production to regain market share, even at the expense of short-term revenue.

Saudi Arabia's crude oil exports declined in July due to increased domestic consumption during the summer months, despite a ...

Saudi Arabia is prepared to abandon its $100-a-barrel crude oil price target as it moves to increase output, signaling its acceptance of lower prices.

Brent crude futures were down $1.27, or 1.7 Percent , to $72.19 a barrel, while U.S. West Texas Intermediate crude fell $1.18 ...

Oil slumped again on reports of the Saudis moving to defend their market share. But lower prices may likely persist ...