The OPEC+ alliance is expected to confirm it will hold oil production steady through the first quarter of 2026, despite a recent public spat between top members Saudi Arabia and the United Arab ...

Jafurah is projected to deliver up to 2 Bscfd of gas by 2030, yet that would only displace roughly 334,000 bpd of oil ...

With the OPEC+ production hikes, Saudi Arabia may have reached its maximum sustained output capacity, setting up for a repeat of the 2008 failure to increase output when called on. Despite what ...

The impact of Saudi Arabia in the oil market and its adherence to OPEC+ agreements is widely observed by industry professionals and governments all over the world. The open-handedness of the Kingdom ...

October WTI crude oil (CLV25) is down -1.91 (-3.01%), and October RBOB gasoline (RBV25) is down -0.0576 (-2.87%). Crude oil and gasoline prices are sharply lower after a report that Saudi Arabia wants ...

Saudi Arabia, the world's biggest oil exporter, is expected to lower the February price for its flagship Arab Light crude for Asian buyers for a third month, mirroring declines in the spot market due ...

Saudi Arabia, the world’s largest oil exporter, is poised to cut the February price for its benchmark Arab Light crude for Asian customers for the third consecutive month, reflecting a broader trend ...

The World’s September oil production increased by 737 kb/d to 86,033 kb/d, a new World Peak Oil All Time High. Read more here ...

Since becoming the country with the largest crude reserves on the planet in 2010, its production has fallen to historic lows ...

The contrast can be partly explained by geology. Most Venezuelan oil is considered heavy and sour, meaning it is dense and high in sulfur. Extracting, transporting, and refining this oil is more ...