Africa's biggest oil refinery will on Friday start direct and free shipping of fuel to retailers in Nigeria, a move expected to disrupt the oil sector in the continent's largest ...

Saudi Aramco, the kingdom's state-controlled oil producer, raised its OSP for its flagship Arab Light blend to Asia to a premium of $3.20 a barrel above the Oman/Dubai average ...

A BlackRock Inc.-led group signed an $11 billion lease deal involving Saudi Aramco natural gas facilities as the state ...

Saudi Arabia’s sovereign wealth fund cut the value of major projects on its books by $8bn last year, highlighting the ...

Qatar, Saudi Arabia, the United Arab Emirates (UAE), Oman, Bahrain, and Kuwait are repositioning itself from an oil-centric ...

A global shift in oil market dynamics is raising alarm across the U.S. shale sector, as the Organization of the Petroleum ...

“The best way [for Opec] to gain market share is to keep oil prices in the $60s range for several years. This will reduce investment in US shale, Canada, Brazil and oil exploration around the world . ...

Saudi Arabia’s nearly $1 trillion sovereign wealth fund, the Public Investment Fund (PIF), has taken an $8 billion write-down ...

Saudi Arabia’s sovereign wealth fund has written down $8 billion in megaproject valuations, including Neom, as budget ...

Strong summer demand for driving fuels has provided some support to markets, but IEA data indicates inventories are already tipping into oversupply, with world oil stocks reaching a 46-month high in ...

This is an audio transcript of the FT News Briefing podcast episode: ‘Opec pops US shale’s balloon’ Marc Filippino Good morning from the Financial Times. Today is Thursday, ...

OPEC+'s recent decision to fully unwind 2.2 million barrels per day of crude oil output cuts has largely been viewed as a ...