Crude Oil

Oil Prices Rise on Optimism Over U.S. Demand and Potential OPEC+ Output Delay

Oil prices surged on Thursday, building on a rally from the previous day as bullish sentiment around U.S. fuel demand emerged following an unexpected drawdown in both crude and gasoline inventories. Additionally, the market responded positively to reports that OPEC+...
Oil

Saudi Arabia’s Energy Landscape: The World’s Leading Crude Oil Exporter

Saudi Arabia, the world's third-highest crude oil and condensate producer, is a key member of OPEC+. In October 2022, the country agreed to crude oil production cuts to balance the global oil market and hedge against the downside risks of...