The Latest Breaking News from OPEC

With the Energy Select Sector SPDR Fund (ARCA: XLE) up roughly 45% year-to-date, shopping for energy stocks may prove to be more difficult when searching for more upside.

Diesel drivers are expected to be hit hard by reduced oil supplies.

The US-Saudi relationship endured a crippling oil embargo and the 9/11 attacks. Has the relationship run its course? Richard Hall investigates

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

Prince Mohammed bin Salman can no longer be allowed privileged access to, and support from, western leaders, says the foreign affairs commentator Simon Tisdall

Reuters

Washington has accused Saudi Arabia of coercing other Opec+ members into 2m-barrel-a-day reduction

Here’s a round-up of Al Jazeera’s Middle East coverage this week.

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.