Saudi Arabia

An agreement among the Saudis, the Russians, and the Americans over the weekend will lead to lower crude production beginning next month and, producers hope, higher prices.
The members of OPEC along with Russia and others are expected to meet Monday to discuss reducing crude production by up to 10 million barrels a day. The United States may not be present in person but...
Crude oil storage tanks around the world are filling up and rising production combined with lower pricing from Saudi Arabia is on track to oust the U.S. as the world's top crude producer.
The teleconference meeting of the G20 ended Thursday without even a word about the collapse of the crude oil market. Now the market itself may have to do the heavy lifting and both the Saudis and the...
The oil and gas industry got nothing in the $2.2 trillion relief package approved late Wednesday by the Senate. Here's what that could mean.
Oil field regulators in Texas want the president to intervene in the Russian-Saudi price war in order to reverse the massive price drop in crude. Trump has indicated that he's thinking about it, but...
Crude oil prices have dropped to near two-decade lows as the Saudis affirm their production increase and the coronavirus slices into demand.
As Russia and Saudi Arabia ramp up crude production, U.S. shale producers face dangerous days ahead and pressure is building elsewhere as well.
The president is due to announce steps the administration plans to take to head off a recession due to the twin threats of collapsing oil prices and an outbreak of coronavirus. Here's what to look...
The International Energy Agency has forecast that demand for oil in 2020 will be lower than demand in 2019. That hasn't happened since the financial crisis of 2009.
Russia continues to resist moving up a March meeting of OPEC+ oil ministers to deal with the falling demand for crude caused by the coronavirus outbreak. There are several reasons for that.
The International Monetary Fund has a new study on the impact of declining demand for oil on the economies of six Persian Gulf nations. Continuing to depend on revenue from oil sales threatens the...
Saudi Arabia and Kuwait are expected to sign an agreement on Tuesday that could restart about 500,000 barrels a day of crude oil production.
Saudi Arabian national oil company, Saudi Aramco, will begin trading Wednesday in Riyadh. It's the biggest IPO in history, but still far below what the country had originally hoped for.
OPEC and its partners have agreed to cut an additional 500,000 barrels a day of crude oil production during the first quarter of 2020. The reduction is not likely to make much difference to oil...