Business activity in the non-oil private sectors of the UAE and Saudi Arabia continued to strengthen in October, with the ...

The oil company said lower oil prices and refining margins pushed down profit, adding it plans to pay dividends of $31.05 ...

Saudi Aramco’s Q3 profit fell 15.4% to $27.6 billion due to lower oil prices, yet it maintained a $31.1 billion dividend, ...

The OPEC+ group, which includes Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, will extend oil output cuts again by 1 month ...

The OPEC bloc of oil-producing nations announced Monday that it will extend oil production cuts through the end of 2024, spurring a 2 percent increase in the price of U.S. benchmark West Texas ...

OPEC+ has delayed its planned production increase for a second time, citing market conditions and geopolitical uncertainties.

You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. OPEC. “Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, ...

Oil futures jumped Monday after members of OPEC+ — made up of the Organization of the Petroleum Exporting Countries and its allies — said they would wait yet another month before beginning to unwind 2 ...

Eight members of OPEC+, which groups the Organization of the Petroleum Exporting Countries plus Russia and other allies, were due to raise output in December as part of a plan to gradually unwind the ...

Most major stock markets in the Gulf fell in early trade on Monday, following a decision by OPEC+ to delay a planned December ...