It won’t be easy to bring the Emirates back into the OPEC and Saudi orbit, analysts say. “Questions about the U.A.E.’s commitment to remaining in OPEC will likely grow,” Ms. Croft wrote in ...

Saudi Arabia and the United Arab Emirates, which hold the bulk of spare capacity within OPEC, have both said OPEC+ should stay out of politics and at a monthly meeting at the end of March the ...

Angola joined Opec in 2007 but has clashed with Saudi Arabia at recent meetings over attempts to lower its production baseline — the level from which each member’s output quota is calculated ...

Of course, Saudi Arabia’s role as a stabilizer within OPEC comes at a cost. When other members shirk their duties and overproduce, members like Saudi Arabia must pick up the slack.

Saudi Arabia said it would cut output in July by 10% or 1 million barrels per day (bpd) to 9 million bpd and may extend cuts further if needed. Meanwhile, OPEC+ agreed to extend cuts into 2024 but ...

Saudi Arabia has led a push in OPEC to raise output by some 2 million barrels per day from August to December 2021 but extend remaining cuts to the end of 2022.

President Biden fist-bumps Saudi Crown Prince Mohammed bin Salman in Jiddah, Saudi Arabia, on July 15. Now that OPEC Plus countries have announced cuts in oil production, critics are arguing anew ...

Saudi Arabia, the de facto leader of the Organization of the Petroleum Exporting Countries, said Sunday that it would extend cuts in oil production through June, noting that it was acting “in ...

OPEC’s leader Saudi Arabia is feeling the heat of its own success at present. By again stabilizing the markets, global oil prices have increased substantially but the pressure is now on.

OPEC is once again in the spotlight, and all eyes are on Saudi Arabia and Russia as they are big players in controlling the narrative on oil supply.

Saudi Arabia is pledging to make even deeper cuts to its oil production as the kingdom scrambles to revive the crude market it helped crash. That would leave Saudi Arabia’s daily output at just ...