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

Saudi Arabia's strategic pivot is about letting go of the illusion of market control and moving production back up toward capacity.

Saudi Arabia is boosting oil output, pressuring U.S. shale producers and shaking markets. Here's how this move could impact breakeven prices, rig counts, and investors.

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

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

Saudi Aramco's first-quarter net income came in at $26 billion, down from $27.3 billion for the same period last year. The figure was slightly above analyst expectations of $25.3 billion. Aramco announced its free cash flow for the quarter at $19.

Saudi Arabia boosts output by up to 2.2M bpd, pressuring oil prices and forcing OPEC+ compliance. Crude oil falls below $60 as increased supply and weak demand weigh on the oil market outlook.

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.

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

Saudi Arabia has increased the price of its flagship crude grade loading for Asia in June, even as OPEC+ decided to continue easing production cuts.

Dublin, May 05, 2025 (GLOBE NEWSWIRE) -- The "Saudi Arabia Environmental ... the environment market is closely tied to the thriving construction, wastewater management and oil & gas sector.

The Saudi oil production increase threatens U.S. shale and could spark another market shakeout as global supply surges face new pressure.