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Saudi Arabia ditches plan to raise oil production

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Saudi Arabia has dropped a plan to expand the kingdom’s…

US seizes nearly 1 million barrels of Iranian oil allegedly bound for China

CNN  —  The US government seized nearly 1 million barrels of Iranian crude oil allegedly bound for China, according to newly unsealed court documents and a statement released by the…

Oil prices have doubled in a year. Here’s why

It’s a good day for OPEC. Data published Monday by the oil cartel show its members have largely complied with an agreement to slash production. The confirmation caps a remarkable…