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

The major oil producers known as OPEC+ did exactly what U.S. President Donald Trump has been asking for — and American ...

Saudi Arabian state-owned oil giant Aramco has signed contract extension with ARO Drilling, its 50-50 joint venture with ...

It was an exceptional year for Saudi Arabia which basked in a massive fiscal surplus of ... and that a $50 price would hamper production plans and reduce the number of oil rigs in the US. Al-Fayeq, a ...

Instead of cajoling Saudi Arabia into easing off plans to produce more oil, the main topics of Trump ... pull about 10 percent of the drilling rigs operating in the United States out of the ...

Saudi Arabia’s state-owned oil giant Aramco posted first-quarter profits of $26 billion, down 4.6% from the prior year ...

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

Saudi Arabia’s state-owned oil giant Aramco posted first-quarter profits of $26 billion, down 4.6% from the prior year ...

Saudi Arabia is again making news in the oil markets. In a move reminiscent ... investors were burned, and the U.S. rig count cratered. Could it happen again? With West Texas Intermediate (WTI ...

Back in 2017, one Houston-based oil industry supplier announced that Saudi Arabia would purchase 50 onshore drilling rigs over a decade, but in a recent earnings call, said only 11 have been ...