The Global Trade Research Initiative (GTRI) said the US sanctions and SWIFT bans on countries like Russia, Iran, and Venezuela, have blocked dollar-based payments, forcing nations like India and China ...

Saudi Arabia reportedly overshot its June oil production quota by 700,000 barrels per day, raising questions about OPEC+ ...

OPEC+ increases oil output amid falling prices and inflation relief, raising concerns over climate targets and green energy ...

The IEA forecasts that with higher OPEC+ targets for August, world oil supply is projected to rise by 2.1 mb/d to 105.1 mb/d this year ...

Saudi Arabia is asking the companies that OPEC uses for independent analysis of oil-production levels to submit a lower ...

BP Flags Hit From Lower Oil, Gas Prices But Expects Production Rebound BP warned lower oil and gas prices would hit its second-quarter performance, but said it expects higher upstream production and a ...

According to the International Energy Agency, the target production level of OPEC+ countries under the deal, taking into account voluntary reductions and compensations for overproduction, was 34.39 ...

Saudi Arabia raised crude output far above its OPEC+ quota last month, joining other producers in a rush to export oil out of ...

Saudi crude exports to China will reach their highest level in two years in August despite higher prices and rising ...

Saudi Arabia is poised to increase its crude oil exports to China, reaching their highest level in over two years.

Saudi Arabia's crude oil exports to China are set to rise to the highest in more than two years in August, five trade sources ...

For much of the last decade, Saudi Arabia's leaders have been trying to wean the country from its dependence on oil. However, ...