Saudi Arabia
Crude oil prices have dropped to near two-decade lows as the Saudis affirm their production increase and the coronavirus slices into demand.
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As Russia and Saudi Arabia ramp up crude production, U.S. shale producers face dangerous days ahead and pressure is building elsewhere as well.
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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...
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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.
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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.
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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...
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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.
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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.
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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...
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OPEC is expected to announce that the cartel will slash an additional 500,000 barrels a day from production, lowering daily global crude oil supply by 1.7 million barrels a day.
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The IPO of Saudi Arabia's national oil company, Saudi Aramco, has been restricted basically to Saudi citizens who have been incentivized to pay up.
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The IPO of Saudi Aramco will commence its book-building period on Sunday, ahead of its December pricing and sale.
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A hot war between Saudi Arabia and Iran would push crude oil prices "unimaginably" high, according to Saudi Crown Prince Mohammed bin Sultan. How likely is such a war?
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The U.S. stockpile of crude oil rose by 1.1 million barrels last week, the first gain in five weeks. Hopes for a quick recovery in Saudi Arabian production also have been raised.
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The last massive release of crude from the U.S. Strategic Petroleum Reserve was in 1991, when conflicts in the Middle East disrupted the oil markets. That may happen again in the coming weeks if the...
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