Saudi energy minister Khalid al-Falih believes fundamentals are improving, while supply and demand are re balancing.
Saudi Arabia's first foray into the international bond market seems to be going well as the books get set to close on what could be a $15-20 billion deal.
The assault on Mosul could be one be the biggest military operations in Iraq since the 2003 invasion that toppled Saddam Hussein.
Saudi Arabia's first international bond sale is symbolic of the kingdom's shifting fortunes. It's a way to shore up cash and the economy.
Saudi Arabia is going to have to shoulder most of the production cuts, says John Kilduff, Again Capital, sharing insight to the oil market and crude prices.
Alia Moubayed, economist for Middle East & North Africa at Barclays, comments on Saudi Arabia's sovereign bond issuance and if it will be a success.
The Softbank Vision Fund is the same size as all funds raised by U.S. CV firms over the last two and a half years, the FT reports.
Three OPEC members expected to be exempt from a deal to cap production and Iraq increased output by a combined 300,000 barrels a day in September.
The current crude price rally on expectations OPEC will cut production is premature and won't end well, the Rapidian Group's Robert McNally said.
Russia may be ready to join OPEC’s efforts to curb oil supply, but concerns remain about whether the deal will rebalance the oil market.
It's up Saudi Arabia to do the heavy lifting for any sort of agreement to work, says Matt Smith, director of commodity research at ClipperData.
CNBC's Steve Sedgwick reports questions about non-OPEC producers cutting output is putting pressure on oil prices.
A U.S. Navy guided missile destroyer was targeted in a failed attack from territory in Yemen controlled by Iran-aligned Houthi rebels.
A Saudi-led coalition airstrike hit a funeral hall in Yemen Saturday, killing over 140 and wounding more than 525, a U.N. official said.
Asia markets stumbled on Friday, with sentiment weighed by the pound's sharp drop, while traders awaited a key U.S. jobs report.
Saudi Arabia's decision to cut crude oil prices raises serious questions about the kingdom's commitment to limiting production, analysts said.
Amrita Sen, chief oil analyst at Energy Aspects, says that oil producing nations must come up with co-ordinated action.
McDonald's is nearing a deal to sell franchise rights for its Singapore and Malaysia outlets to Saudi Arabia's Reza group.
Fallout from Congress's veto override of a bill allowing US citizens to sue Saudi Arabia for damages related to 9/11 is already apparent.
The kingdom issued a hefty payment owed to a construction firm so the company could honor unpaid wages.