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 billion 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.

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.

As OPEC plans a major production increase, Trump touts falling fuel costs—but US oil producers warn of job cuts, rig shutdowns, and a reversal of America’s energy boom.

Until recently OPEC + was showing restraint. Strict quotas, cutting the group’s production by nearly 6m b/d, were introduced in an attempt to keep prices high. Then, in December, OPEC + confirmed its intention to undo some of the cuts by a modest 122,

Saudi Arabia has increased the price of its flagship crude grade loading for Asia in June, even as OPEC+ decided to continue easing production cuts.

President Donald Trump arrived in Saudi Arabia, the first leg of his three-nation visit to the Middle East this we

Asia-Pacific trade envoys will gather this week in South Korea for discussions on multilateral cooperation, with talks taking place at a time when countries are scrambling to respond to U.S. President Donald Trump's sweeping tariffs.