Oil extended declines on signs Saudi Arabia is seeking another big production increase at next month’s OPEC meeting, in a bid for market share that could worsen a glut expected later this year.

ASTANA. June 4 (Interfax) - Kazakh Deputy Energy Minister Yerlan Akkenzhenov met with OPEC Secretary-General Haitham Al Ghais in Astana, the Kazakh Energy Ministry's press service said.

Saudi Arabia's past oil price wars in 2014–2016 and 2020 backfired, as U.S. shale producers became leaner and more efficient.

Saudi Arabia and Russia had to reach a difficult compromise on OPEC+ policies on Saturday as Riyadh pushed to accelerate oil ...

ASTANA – Kazakhstan, along with seven other OPEC+ countries – Algeria, Iraq, Kuwait, Oman, Russia, Saudi Arabia, and the ...

The crude oil market devotes considerable energy to what OPEC+ says, but perhaps a little less to what it actually does when it comes to the supply of the world's most important commodity.

In the corporate sector, French pharma group Sanofi (EPA: SASY) announced plans to acquire U.S.-based biopharmaceutical ...

Crude oil futures rise as Ukraine launches drone attacks on Russian airbases, impacting oil market and geopolitical tensions.

When Prince Abdulaziz bin Salman was appointed Saudi Arabia’s energy minister six years ago, he vowed to heed even the ...

Eight OPEC+ member countries, including Iraq, met virtually on Saturday to review global market dynamics and outlook.

Oil prices started 2025 strongly. The closing price of Brent, the benchmark for two thirds of the world's oil, peaked at more ...

The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely ...