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.

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.

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.

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.

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.

Oil prices may have no relief from further downside in the second half of 2025 with increased supply from the OPEC+ flooding the market.