OPEC+

Oil prices witnessed a dramatic decline on Monday, June 3rd, marking their steepest one-day drop in several months. This comes amidst a confluence of factors, including a mixed decision by …

Saudi Arabia’s Aramco share offering has gotten off to a flying start, with investor demand surpassing the initial amount of shares on offer within a very short timeframe. This overwhelming …

Saudi Arabia is testing investor appetite with a new share sale for its state-owned oil giant Aramco. The move aims to raise up to $13.1 billion and broaden the company’s …

Saudi Arabia sets to launch a $10 billion secondary share offering for Aramco this Sunday, aligning with strategic economic transformations and oil market dynamics.

Russia admitted to exceeding its oil production quota for April, attributing it to technical challenges. This surprise move casts doubt on Russia’s commitment to coordinated production cuts with OPEC+, a …

Oil prices are experiencing a downward trend due to weak demand from refineries and a rise in global crude oil supply. This trend is impacting the global oil market and …

The Organization of the Petroleum Exporting Countries (OPEC) is shifting its focus in oil market reporting. Instead of estimating demand for its own crude oil production, OPEC will now prioritize …

Saudi Aramco is maintaining its $31 billion dividend payout despite a decline in profits. This decision highlights the challenges and opportunities for the kingdom’s economic diversification plans, which include potential …

Oil prices experienced a significant decline on Monday, dropping more than $1 a barrel as tensions in the Middle East eased. This welcome shift comes after Israel withdrew troops from …

Oil prices edged higher on Wednesday, April 3rd, 2024, on concerns about tighter global crude supplies. A larger-than-expected decline in U.S. crude oil inventories and ongoing geopolitical tensions in the …