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

Prices of oil continue to drop after a new report revealed Saudi Arabia is considering increasing production later this year.

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

Separately, the Organization of Petroleum Exporting Countries (OPEC), and its allies, a group known as OPEC+, are currently ...

Oil markets spiraled on the news, falling as much as 4% on Thursday. A report that Saudi Arabia would ditch its unofficial ...

Crude dropped more than 2% on reports that Saudi Arabia is ready to let more barrels flow into the market even if prices fall ...

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

Oil prices are under pressure after reports that Saudi Arabia may be returning to its strategy of securing market share, sparking oversupply concerns.

Oil prices are set for a weekly drop due to a combination of factors, including the Libyan oil production agreement, Saudi Arabia's potential shift away from a $100 per barrel target, and OPEC+ plans ...

Crude oil prices drop on Saudi production increase reports, Libya stability, and mixed economic stimulus impact in China, ...

Saudi Arabia is ready to abandon its unofficial price target of US$100 a barrel for crude as it prepares to increase output, in a sign that the kingdom is resigned to a period of lower oil prices, ...

Saudi Arabia is preparing to abandon its informal target of $100/bbl for crude oil. Saudi Arabia is preparing to abandon its informal target of $100/bbl for crude oil as it plans to increase ...