Trump knows that Saudi Arabia is critical to lowering oil prices and pressuring Russia to come to the bargaining table.

OPEC+ will likely stick to its plan to raise oil output for a second consecutive month in May, four sources told Reuters, ...

The last oil price war has indebted, but not reduced U.S. shale production, while costing OPEC members $450 billion in lost ...

As it stands, Breakwave said Saudi Arabia is in a position to reclaim market share amid tepid Chinese oil demand, production ...

The National Iranian Oil Company (NIOC) was established in 1948 and is owned by the government of Iran. It is a member of OPEC. Headquartered in Tehran, Iran, NIOC was first called the Anglo Persian ...

Russia's central bank has warned the Kremlin's policy makers the United States and OPEC have the capacity to flood the oil ...

Kuwait has approved a new financing and liquidity law, enabling it to borrow up to $97.3 billion to fund projects aimed at ...

The purpose of OPEC is to “coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular ...

Russia's central bank warns Kremlin policymakers of potential oil market flooding by the U.S. and OPEC, which could echo the ...

Here’s a look at the Organization of the Petroleum Exporting Countries, headquartered in Vienna, Austria. Facts The purpose ...