Saudi Arabia’s crude oil exports are expected to drop next month by some 1 million barrels per day from November levels, two sources familiar with the matter said Saturday. The world’s top oil exporter is expected to ship about 7.3 million bpd in January, one of the sources said,...

OPEC and it allies announced Friday crude output cuts of 1.2 million barrels per day (mbpd) to balance the global oil market. Members agreed the cartel will curb production by 800,000 mbpd, while non-OPEC oil producers, including Russia, will cut by 400,000 bpd. The supply cuts...

Iraq needs at least two years to boost the country's gas production to stop importing Iranian gas used to feed its power stations, a senior Iraqi energy official said on Thursday. Hayan Abdel-Ghani, head of state-run South Gas Co., told reporters that Iraq's gas output is expected to...

OPEC and Russia moved closer Wednesday to agreeing cuts in oil production from next year despite pressure from U.S. President Donald Trump to reduce the price of crude. OPEC meets Thursday in Vienna, followed by talks with allies such as Russia on Friday. OPEC's de facto leader, Saudi...