The group's decision has triggered a supply surge, despite crude oil sliding to the low-$60s per barrel - and U.S. shale producers are "feeling the squeeze," economists at Allianz Research, led by ...

California also imports its gasoline from faraway countries, such as Iraq and Saudi Arabia, which increases prices due to transportation costs.” ...

Gov. Gavin Newsom’s office is pushing back on claims made in a recent report that gas prices in California could surpass $8 ...

Trump’s agenda will likely include Israel-Gaza ceasefire talks, oil, trade, investment deals, and potential announcements on ...

Professor Michael Mische with USC Marshall School of Business says the loss in supply from the closings plus predictions made ...

President Donald Trump is again kicking off a presidential term by traveling to friendly Gulf states to transact business, ...

Muhammad bin Salman, the crown prince and de facto ruler, often known as MBS, has been trying for a decade to ease Saudi ...

Until recently OPEC + was showing restraint. Strict quotas, cutting the group’s production by nearly 6m b/d, were introduced ...

The oil market appears to be telling Saudi Arabia that its shift to pumping more oil after five years of cutting output was ...

The OPEC+ cartel announced on Saturday that it would increase oil production again. It announced a 411,000-barrel-per-day oil ...

OPEC+ stunned the oil market by doubling its planned supply increase and raising prices for Asia, sparking speculation about ...

The recent collapse in oil prices threatens Saudi Arabia's Vision 2030 projects but recent images highlight significant ...