Crude oil futures fell on Thursday after President Donald Trump said he will ask Saudi Arabia and OPEC to reduce prices. Trump claimed the Saudis and OPEC were responsible for fueling the war in Ukraine through higher oil prices.

Trump wants oil prices to drop, saying such a move could end the Russia-Ukraine war. “I’m also going to ask Saudi Arabia and [the Organization of the Petroleum Expor

During a speech to the World Economic Forum on Thursday, President Donald Trump pressured the Saudi Crown Prince to increase his planned $600 billion investment in the U.S. "to a round $1 trillion" and to lower the global price of oil.

The president's remarks follow an announcement by Saudi Arabia's Crown Prince that the kingdom will invest $600 billion in the US.

China's crude oil imports from top supplier Russia were up 1% in 2024 to a record high versus 2023, while purchases from Saudi Arabia dropped 9%, data showed on Monday, as refiners chased discounted Russian supplies to cope with weakened margins.

As Indian companies begin talks with Saudi Arabia and Abu Dhabi this week, traders say discussions between refiners and the OPEC producers will be tense

Saudi Arabia will continue supporting Lebanon and is optimistic about the country's future after a ceasefire brought an end to a war between Israel and the militant Iran-aligned Hezbollah group, the kingdom's foreign minister said from Beirut.

Saudi Arabian Crown Prince Mohammed bin Salman told President Donald Trump that the kingdom wants to put $600 billion into expanded investment and trade with the United States over the next four years, the Saudi State news agency said early on Thursday.

TEMPO.CO, Jakarta - Saudi Arabian Crown Prince Mohammed bin Salman told President Donald Trump that the kingdom wants to put $600 billion into expanded investment and trade with the United States over the next four years, the Saudi State news agency said early on Thursday, January 23, 2025.

China's crude oil imports from Russia hit a record high in 2024, while imports from Saudi Arabia declined, reflecting a shift in China's sourcing strategy amid geopolitical tensions and sanctions.

(Reuters) - U.S. President Donald Trump today  announced he would be asking Saudi Arabia and OPEC to bring down the cost of oil and said he would be

Oil fell more than 1% on Thursday after U.S. President Donald Trump urged Saudi Arabia and OPEC to bring down its cost during his address at the World Economic Forum. Uncertainty over how proposed tariffs and energy policies would affect global economic growth and energy demand also weighed on prices.