U.S. crude oil futures climbed more than $1 a barrel on Tuesday as the White House announced Saudi Arabia's plans to invest $600 million in the United States. Brent crude futures rose 88 cents, or about 1.

Saudi Arabia is boosting oil output, pressuring U.S. shale producers and shaking markets. Here's how this move could impact breakeven prices, rig counts, and investors.

President Donald Trump opened his four-day Mideast trip on Tuesday by paying a visit to Saudi Arabia’s de facto ruler, Crown Prince Mohammed bin Salman, for talks on US efforts to dismantle Iran’s nuclear program,

OPEC+ stunned the oil market by doubling its planned supply increase and raising prices for Asia, sparking speculation about its motives as prices whipsawed and competitors faltered.

Saudi Arabian officials are briefing allies and industry experts to say the kingdom is unwilling to prop up the oil market with further supply cuts and can handle a prolonged period of low prices, five sources with knowledge of the talks said.

Saudi Arabia’s state-owned oil giant Aramco posted first-quarter profits of $26 billion, down 4.6% from the prior year

Saudi Arabia needs oil at more than $90 a barrel to balance its budget, the International Monetary Fund estimates. Goldman Sachs in mid-April warned that Brent crude at $62 a barrel — its price forecast at the time — could more than double the kingdom's 2024 budget deficit of $30.8 billion.

Opec+’s repeated decisions to boost oil output signal an acceptance by Saudi Arabia that it is unable to push prices higher, say analysts, amid growing frustrations with other m