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Saudis Raise June Oil Prices to Asia

Saudi Arabia can control oil supply. Demand could be its Achilles heel

Saudi Arabia has signalled it is willing to enter a painful price war to assert dominance over other oil producers, but worsening global economic conditions mean the kingdom's standard playbook might be less effective this time around.

Middle East Eye · 3d

Why Saudi Arabia can spend more money than it makes, even as oil prices drop

Experts often talk about the oil price Saudi Arabia needs to balance its budget, but it has time and space to rely on debt, experts say

Bloomberg L.P. · 1d

Saudis Raise June Oil Prices to Asia Despite Higher OPEC+ Supply

Saudi Arabia raised prices for its crude oil for buyers in Asia next month despite OPEC+ announcing another larger-than-expected jump in production for June.

Oil Futures Fall

The New York Times · 22h

Oil Prices Fall as OPEC Increases Supply Despite Fears of an Economic Slowdown

U.S. oil prices fell to $57 a barrel after the OPEC Plus cartel said this weekend that it would pump more oil.

The Wall Street Journal on MSN · 1d

Oil Futures Fall As OPEC+ Agrees on Output Increase

Oil futures fell after OPEC+ agreed to bring back another 411,000 barrels a day of production in June, further accelerating the unwinding of cuts.

Reuters · 1d

Exclusive: OPEC+ to further speed up oil output hikes, sources say

OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, five OPEC+ sources said as the group's leader Saudi Arabia seeks to punish some fellow members for producing above quotas.

9hon MSN

Saudi Arabia Deals a Blow to Russian Economy

The OPEC+ oil cartel, which is de facto led by Riyadh, has increased production—causing barrel prices to hit a four-year low.

12hon MSN

BlackRock, Citi CEOs to Visit Saudi Arabia Along With Trump

BlackRock Inc.’s Chief Executive Officer Larry Fink, Citigroup Inc.’s Jane Fraser and top bosses of American tech firms will ...

OilPrice.com8h

Saudi Arabia’s Budget Deficit Surged Before the Oil Price Crash

Saudi Arabia experienced a substantial $15.6 billion budget deficit in the first quarter of 2025, even before the recent ...

10h

Analysis: Saudi Arabia’s oil output strategy and fiscal breakeven plan shake global markets

Saudi Arabia, the kingpin of OPEC+ seems prepared to test the oil market as well as cartel members with strong commitment to ...

4hon MSN

Elon Musk, Mark Zuckerberg and Larry Fink slated for Saudi conference next week: ‘MAGA in the Desert’

Government officials set to beat the drum for investing in the US include Treasury Secretary Scott Bessent and Commerce ...

OilPrice.com1d

Saudi Arabia’s New Oil Play – Embracing the Glut to Win the Long Game

Meanwhile, oil bulls are throwing in the towel. Standard Chartered slashed its 2025 Brent forecast by $16 to $61/bbl, citing ...

Saudi Arabia's non-oil business sector growth eases in April, PMI shows

Saudi Arabia's non-oil private sector activity expansion slowed in April as growth in new orders decelerated sharply, even as ...

Devdiscourse4h

Saudi Arabia's Strategic Move: Forging Mineral Ties with the U.S.

Saudi Arabia plans to discuss a cooperation agreement with the U.S. on mining and mineral resources. This aligns with its ...

3hon MSN

U.S. oil production has peaked and will start to decline due to price plunge, Diamondback CEO warns

U.S. crude oil prices rose more than 4% to $59.56 per barrel Tuesday as domestic production is expected to decline.

Cryptopolitan on MSN9h

Trump and Wall Street’s top execs flying to Saudi next week to talk oil and gas

President Donald Trump is flying to Saudi Arabia next week with a group of America’s most powerful financial and tech leaders ...

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