The Latest Breaking News from OPEC

By gouging global oil prices, Saudi Arabia has humiliated Biden and boosted Putin. The US must end this unofficial alliance

The White House has laid out a national security strategy aimed at checking an ascendant China and a more assertive Russia

The Secretary-General of the Gulf Cooperation Council, Nayef Al-Hajraf, on Thursday praised Saudi Arabia's role in protecting the global economy and the stability of energy markets, and affirmed total rejection of the statements issued against the Kingdom following the decision of the OPEC+ group. Hajraf expressed solidarity with Saudi Arabia,…

A major oil output cut by Saudi Arabia, Russia and other oil producers has drawn sharp accusations in Washington.

LONDON: A decision by the Opec+ oil producers’ group last week to cut output has driven up prices and could push the global economy into recession, the International Energy Agency warned on Thursday.

Joe Biden has threatened ‘consequences’ after Opec+ decided to reduce output in a decision that will benefit Russia

Saudi Arabia, on Thursday, voiced total rejection of the statements issued towards the Kingdom following the OPEC+ decision to cut oil production. An official at the Foreign Ministry stated that the Saudi government has viewed the statements issued about the Kingdom following the OPEC+ decision announced on October 5, 2022.…

Saudi Arabia says that the U.S. had urged the kingdom to postpone a decision by OPEC and its allies — including Russia — to cut oil production

In today’s newsletter: After a summer spent persuading Saudi Arabia to lower costs, the world’s largest oil producer is doing the opposite – now the US president promises ‘consequences’