The president says lower prices could solve a range of problems, but finds early resistance in the oil market.

American oil producers and Saudi Arabia are pushing back against U.S. President Donald Trump's call to ramp up oil production ...

Saudi Arabia would need oil to be at $90 per barrel in 2025 to balance its budget, according to Capital Economics.

Saudi Arabia's economy returned to growth in 2024, with real gross domestic product increasing 1.3% compared to the previous ...

Neither OPEC nor US shale firms appear willing to increase oil supply, despite President Trump's pledge to bring down energy ...

A delegation of Saudi Fund for Development (SFD), led by Sultan bin Abdul Rahman Al-Marshad, Chief Executive Officer (CEO) ...

Dangote Petroleum Refinery recently exported two jet fuel cargoes to Saudi Aramco, the world’s largest oil producer and a ...

Trump is pressuring Saudi Arabia and other OPEC members to expand oil production in order to lower prices. TD Securities' ...

The $20bn 650,000 barrels-per-day Lagos-based Dangote Refinery has scored another first as it well positions itself as a global leader in ...

Saudi Arabia's General Authority for Statistics said last week that the kingdom's non-oil GDP growth rate was up 4.3% from 2023, while oil activities declined by 4.5%.