News

Global oil supply to rise faster than expected after OPEC+ hike, IEA says
World oil supply will rise more rapidly than previously expected this year as Saudi Arabia and other OPEC+ members unwind output cuts, the International Energy Agency (IEA) said on Thursday, despite a ...
OilPrice.com2d
OPEC+ Production Fell in April Despite Pledge to Start Hiking Output
Despite pledges to increase production, OPEC+ saw a decline in collective output in April, driven by shortfalls in sanctioned ...
Upstream Online3d
Rising Opec+ output to deliver $3.8 billion windfall for Saudi Aramco
Together, the potential Opec+ hikes in May and June are likely to add up to 400,000 bpd to Aramco’s oil production ...
The Saudis are hurting the US oil industry. Trump’s unlikely to talk about it.
President Donald Trump’s campaign promise of U.S. “energy dominance” is running into a flood of OPEC crude oil — a surge of ...
Aramco executive says oil demand could see additional upside if tariff disputes are resolved
Saudi oil giant Aramco , a longtime cash cow for the kingdom, expects oil demand to remain resilient this year and sees ...
The National Interest4d
The Long Game in the Desert: Saudi Arabia’s Strategic Pivot on Oil Production
Saudi Arabia's strategic pivot is about letting go of the illusion of market control and moving production back up toward ...
The National on MSN4d
Opec+ supply boost has consequences for Baghdad and Astana, more so for Houston
Opec and its main driver, Saudi Arabia, have decisively shifted gears over the last two months, from neutral to forward. The ...
How Trump’s Middle East visit to push OPEC+ for more oil could end up hurting U.S. producers
The major oil producers known as OPEC+ did exactly what U.S. President Donald Trump has been asking for — and American ...