Biden ordered the release of 50 million barrels of crude oil to tamp down rising gas prices, the largest drawdown in the reserve’s history.
Articles on OPEC
Displaying 21 - 40 of 48 articles
The glaring failure by authorities to secure an area notorious for attacks on trucks prompts questions about, at best, utter ineptitude, or at worst, complicity.
Crude is key to inflation. Here’s why has it been going up so much.
Oil prices are going through what some have termed Black April, but the bigger question is what happens longer term to US oil.
It is in Canada’s national interest to remain a significant player in the oil and gas production.
COVID-19 is a huge challenge for the whole world, and Canadian oil producers, already suffering from long-term market trends, will be particularly badly hit.
Has the world entered an era of ultra-low prices? An energy scholar argues that a long period of low oil prices will set the U.S. – and globe – back on the economy and the environment.
From May 2, any countries buying oil from Iran can expect US sanctions.
Can a new government, perhaps by shoring up democracy and oversight, harness this commodity for peace and prosperity?
Drivers buy less gas when filling the tank burns holes in their wallets.
The oil-exporting organization may have mustered the political will to cut production, but its disunity remains intact.
Muhammad bin Salman is set on transforming the oil-rich kingdom into a modern, economically diverse superpower. It won’t be easy.
Oil prices have little to do with supply or demand or even economic forces. Instead, it’s all about politics.
Our research on the oil cartel shows, that it really matters whether OPEC members ‘failed to agree’ or ‘agreed to disagree’.
To see why, one must only consider the core economic principle of supply and demand.
OPEC’s recent decision to cut supply is a classic move from the oil cartel playbook. But in today’s era, there are many more players and game-changing technologies on the field.
An America that drills more, and imports less, could mean Opec no longer gets to call the shots.
OPEC has been declared dead in recent months as the group of oil-exporters has been unable to agree on a plan to stabilize the market. But was it really ever alive in the first place?
Geopolitics – from the US to Syria to Iran – are at the heart of Saudi Arabia and Russia’s decision to freeze oil production at January levels.
Producers keep pumping more oil, even as prices are falling to fresh 12-year lows every day. What’s driving this?
Top contributors
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Lecturer in International Studies, University of Washington
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Lecturer in Energy Systems, University of Oxford
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Assistant Professor of Econometrics & Statistics, Melbourne Business School
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Professor and Head, School of Business, Monash University Malaysia
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Postdoctoral Fellow, Center for Presidential History, Southern Methodist University
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Senior Lecturer in Security Studies, Macquarie University
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Associate Professor of Law and Finance, University of Reading
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Research Fellow, Curtin University
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Founder & CEO, The University of Western Australia
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Honorary Fellow, The University of Queensland
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Research Fellow, Energy Policy Group, University of Exeter
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Associate Professor, London School of Economics and Political Science
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Departmental Visitor, Centre for Arab and Islamic Studies, Australian National University
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PhD Researcher, Commodity Finance, University College Dublin
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Professor of Geosciences, Penn State