With oil prices plunging to their lowest level in four years, both the energy industry and governments that depend on energy royalties are watching nervously.

OPEC+ decided to increase its production hike for the second time over the weekend, causing prices to slump again this morning.

Saudi Arabia’s finance ministry announced Monday that total revenues for the first quarter of 2025 reached approximately ...

Oil prices dropped more than $1 per barrel on Monday, settling at their lowest levels since February 2021, as OPEC+ accelerated its planned production increases amid growing concerns about global ...

NEW YORK] Oil fell by more than US$1 a barrel on Monday to settle at over four-year lows as an Opec+ decision to expedite its ...

Pakistan, like Saudi Arabia, has a rich cultural and historical heritage, but it faces significant challenges in its quest ...

Oil prices are falling further as OPEC and its allies plan to ramp up production. That could be a bonus for the U.S. consumer as recession risks still lurk. Oil prices are sitting at around $60 a ...

Saudi Arabia, Russia and other members of OPEC+ announced another major production increase, sending oil prices below $60 a ...

Prices have been on the downward trend since early April, when they fell as low as $55 a barrel on the heels of Trump’s tariffs on most countries ...

Meanwhile, oil bulls are throwing in the towel. Standard Chartered slashed its 2025 Brent forecast by $16 to $61/bbl, citing ...

WTI crude oil futures slipped nearly 2% on Monday after OPEC+ announced it will increase production output by 411,000 barrels ...