Please ensure Javascript is enabled for purposes of website accessibility

Qatar Will Pull Out of OPEC Amid Tension With Saudi Arabia

DUBAI, United Arab Emirates — The tiny, energy-rich Arab nation of Qatar announced Monday it will withdraw from OPEC in January, a rebuke of the Saudi-dominated cartel as the kingdom's boycott of Doha continues unabated and a crucial meeting of the group looms this week. The surprise declaration could make...

Drill, Baby, Drill: U.S. Could Become World's Top Oil Producer

The U.S. is on pace to leapfrog both Saudi Arabia and Russia and reclaim the title of the world's biggest oil producer for the first time since the 1970s. The latest forecast from the U.S. Energy Information Administration predicts that U.S. output will grow next year to 11.8 million barrels...