Saudi Arabia can break even on a barrel of oil even if prices fall to around $35, according to estimates from Rystad Energy. Crude has been trading around the mid-$60s a barrel for several weeks.

LONDON/MOSCOW/DUBAI: The world's largest group of oil producers, OPEC+, is set to announce another big increase of 411,000 ...

Saudi Arabia boosts output by up to 2.2M bpd, pressuring oil prices and forcing OPEC+ compliance. Crude oil falls below $60 as increased supply and weak demand weigh on the oil market outlook.

OPEC+ is considering extending its substantial oil production increases at its meeting next month, as Saudi Arabia — the alliance’s largest oil produc ...

OPEC+ is preparing to discuss another large production increase at its upcoming meeting, as Saudi Arabia continues its strategy to regain market share, according to a report from Bloomberg.

The top 10 countries account for a major share of the world’s proven reserves. Countries such as Saudi Arabia, UAE, Kuwait, ...

ASTANA. June 17 (Interfax) - Kazakhstan supports Saudi Arabia's proposal for an additional increase in oil production by OPEC+ countries, Kazakh Energy Minister Yerlan Akkenzhenov said. "Within the ...