OPEC+ jolted markets by announcing it would flood the market with more oil.

OPEC oil output rose in June, a Reuters survey found, led by Saudi Arabia after an OPEC+ agreement to raise production, ...

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 ...

Saudi Arabia's drive to rapidly increase OPEC+ oil output may put Riyadh in the pole position to regain market share today ...

The 2 million bpd cut in oil production was backed by Saudi Arabia and could benefit Russia. The OPEC+ meeting took place as much of the world is battling soaring energy costs and rising inflation.

Oil prices rose Monday after Saudi Arabia said it would slash output by another one million barrels per day for at least a month starting in July as part of an effort by OPEC+ producers to shore ...

In a surprising move, Saudi Arabia pledged to reduce its oil output by 1 million barrels per day for July at the June 4 OPEC meeting. This adjustment, which may continue monthly, places Saudi oil ...

A version of this article appears in print on Oct. 7, 2022, Section A, Page 5 of the New York edition with the headline: After OPEC Oil Cuts, Biden Has a Dilemma on Ties to Saudi Arabia.

The cuts in oil production by OPEC Plus could signal a rift between Saudi Arabia and the U.S. — or just an effort by the oil producers to make more money.

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 ...

Oil prices suffered an historic collapse Monday after Saudi Arabia shocked the market by launching a price war against onetime ally Russia. US oil prices crashed as much as 34% to a four-year low ...

Saudi Arabia “coerced” smaller oil-producing members of OPEC to agree to production cuts that the Saudis knew would “increase Russian revenues and blunt the effectiveness of sanctions ...