Saudi Arabia’s decision to support an oil output cut by OPEC and its allies on Wednesday marked another step of distancing from the United States. Vladimir Simicek/Agence France-Presse — Getty ...

More listens as Khalid Al-Falih, Saudi Arabia's energy and industry minister, speaks to reporters ahead of the 176th Organization Of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria ...

“Saudi Arabia is looking to head off a repeat of 2008 when the market crash sent the global economy into a recession and oil prices suddenly plummeted, requiring emergency action by OPEC ...

Saudi Arabia and the United Arab Emirates, which hold the bulk of spare capacity within OPEC, have both said OPEC+ should stay out of politics and at a monthly meeting at the end of March the ...

Saudi Arabia’s coldly pragmatic decision this past weekend to cut oil production and raise prices sent a simple message: The United States doesn’t call the shots in the Persian Gulf or the oil ...

All three sources said they would not call Thursday's production increase a price war yet even though it has revived memories of Saudi Arabia's clash with Russia for market share in 2020 and OPEC ...

If nothing else, the 2022 cuts underscored a more bullish Saudi Arabia that is willing to prioritize its own bottom line above all, Feierstein, the former U.S. ambassador to Yemen, told the ...

LEILA FADEL, HOST: When OPEC Plus countries, led by Saudi Arabia, voted to cut oil production this week, the U.S.-Saudi relationship took another hit.

Saudi Arabia is by far the largest OPEC producer with output of more than 10.7 million barrels per day (bpd), on par with Russia and the United States.

G20: US, CHINA, RUSSIA, SAUDI ARABIA AND WHAT COULD BE A GLADIATOR BATTLE OPEC will meet with a 10-nation group led by Russia on Dec. 5 and 6 in Vienna.

Saudi Arabia is asking others in the OPEC+ coalition to reduce their oil-output quotas in a bid to shore up global markets but some members are resisting, delegates said. The OPEC+ leader has been ...