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Oil Production

A motorcycle passes in front of an oil-themed mural in Caracas, Venezuela
A motorcycle passes in front of an oil-themed mural in Caracas, Venezuela

Democracy Is Not a Commodity

The United States shouldn’t bargain away Venezuela’s future for oil.

Oil rig silhouettes are seen before a bright orange and yellow sky.
Oil rig silhouettes are seen before a bright orange and yellow sky.
A satellite image shows the the FSO Safer tanker moored off Ras Isa port in Yemen on June 17, 2020.
A satellite image shows the the FSO Safer tanker moored off Ras Isa port in Yemen on June 17, 2020.

Yemen Is Sitting on a Time Bomb Bigger Than the Exxon Valdez

An abandoned oil tanker with more than 1 million barrels of crude is rusting off the coast.

Ukrainian coal mine
Ukrainian coal mine

Russia’s Resource Grab in Ukraine

Ukraine’s extraordinary riches in energy, minerals, and agriculture are a prize for the Kremlin.

A long line of cars stretches down a city street from a gas station.
A long line of cars stretches down a city street from a gas station.

Iraq’s Oil Dysfunction

The world’s sixth-largest oil producer still suffers from fuel shortages and power outages.

Solar technicians from Alianza Ceibo/Amazon Frontlines help members
Solar technicians from Alianza Ceibo/Amazon Frontlines help members

Ecuador’s Distant Dream of a Green Recovery

The debt-saddled country is struggling to meet its climate goals under IMF austerity.

President Joe Biden waves as he walks to Marine One for a departure from the Ellipse near the White House on May 19, 2021 in Washington, DC.
President Joe Biden waves as he walks to Marine One for a departure from the Ellipse near the White House on May 19, 2021 in Washington, DC.

America’s Middle East Friendships Are Dying a Natural Death

It’s time to recognize they were living on borrowed time.

U.S. Secretary of State Antony Blinken meets with Abu Dhabi's Crown Prince Mohammed bin Zayed al-Nahyan (C) and his brother and Foreign Minister Sheikh Abdullah bin Zayed al-Nahyan (R) in Rabat, Morocco on March 29.
U.S. Secretary of State Antony Blinken meets with Abu Dhabi's Crown Prince Mohammed bin Zayed al-Nahyan (C) and his brother and Foreign Minister Sheikh Abdullah bin Zayed al-Nahyan (R) in Rabat, Morocco on March 29.

How Biden Can Rebuild U.S. Ties With the Gulf States

War in Ukraine and Yemen has strained relations between Washington and its Arab allies. Small moves from both sides could put things back on track.

Saudi Arabia's Crown Prince Mohammed bin Salman is pictured while meeting with the Tunisian President during his arrival at the presidential palace in Carthage on the eastern outskirts of the capital Tunis on November 27, 2018.
Saudi Arabia's Crown Prince Mohammed bin Salman is pictured while meeting with the Tunisian President during his arrival at the presidential palace in Carthage on the eastern outskirts of the capital Tunis on November 27, 2018.

Mohammed bin Salman Has Leverage on Biden—and Is Using It

Saudi Arabia’s cooperation on lowering oil prices will come at the cost of the West’s values.

Civilians stage a silent protest against the drilling in the Kavango Basin on the steps of St. George’s Cathedral in Cape Town, South Africa, on March 11, 2021.
Civilians stage a silent protest against the drilling in the Kavango Basin on the steps of St. George’s Cathedral in Cape Town, South Africa, on March 11, 2021.

Can Namibia Avoid the Resource Curse?

A new offshore oil discovery could be a godsend—or disaster—for one of Africa’s most unequal countries.

Russian President Vladimir Putin (R) and Saudi Crown Prince Mohammed bin Salman attend the G-20 Leaders' Summit in Buenos Aires, Argentina on Nov. 30, 2018.
Russian President Vladimir Putin (R) and Saudi Crown Prince Mohammed bin Salman attend the G-20 Leaders' Summit in Buenos Aires, Argentina on Nov. 30, 2018.

Biden Should Punish Saudi Arabia for Backing Russia

Riyadh could make a difference in oil markets but has chosen to side with fellow authoritarians rather than the United States.

Members of the Venezuelan army take part in a military parade in Tumeremo, Bolívar state, Venezuela, about 56 miles from the border with Guyana, on July 21, 2015.
Members of the Venezuelan army take part in a military parade in Tumeremo, Bolívar state, Venezuela, about 56 miles from the border with Guyana, on July 21, 2015.

Another Conflict Is Brewing in the Caribbean

Russia’s war in Ukraine stirs Venezuela’s dreams of conquest in oil-rich Guyana.

A general view of the construction of a new gasoline unit at the Sonangol Luanda Refinery is seen in Luanda, Angola, on Oct. 22, 2020.
A general view of the construction of a new gasoline unit at the Sonangol Luanda Refinery is seen in Luanda, Angola, on Oct. 22, 2020.

Can African Oil and Gas Replace Russia’s?

The continent’s major energy producers are ready to help meet European demand, but they lack the capacity and investment.

Ones and Tooze Override Photo
Ones and Tooze Override Photo

Ones and Tooze Podcast: How Rising Oil Prices Will Change Everything

The war in Ukraine has roiled energy markets and stands to affect everything from inflation to climate change.

Chilean miner Juan Bugueño leaves the Kiara copper mine in Chile, after work on June 22, 2021.
Chilean miner Juan Bugueño leaves the Kiara copper mine in Chile, after work on June 22, 2021.

Why This Commodity Crunch Is Different

The last time prices soared, Latin American economies boomed. Now, trouble is ahead.

A worker directs motorists lining up at a gas station just before a huge jump in the price of petroleum products went into effect in Quezon City, Phiippines, on March 7.
A worker directs motorists lining up at a gas station just before a huge jump in the price of petroleum products went into effect in Quezon City, Phiippines, on March 7.

How Rising Oil Prices Will Change the World as We Know It

FP columnist Adam Tooze on the implications for inflation and climate change.

U.S. President Joe Biden speaks in the Roosevelt Room of the White House in Washington on March 8.
U.S. President Joe Biden speaks in the Roosevelt Room of the White House in Washington on March 8.

Biden Bans Russian Oil Imports

It’s a symbolic move—with potentially big geopolitical consequences.

Maduro and Putin on a placard in Caracas
Maduro and Putin on a placard in Caracas

U.S.-Venezuelan Oil Deal Should Not Forget Democracy

A surprise trip to Caracas seems to have secured some energy relief—but needs to yield democratic benefits, too.

Working pumpjacks are seen in the Montebello Oil Field in Montebello, California, on February 23, 2022.
Working pumpjacks are seen in the Montebello Oil Field in Montebello, California, on February 23, 2022.

How to Stop Oil Companies From Propping Up Kleptocrats

The industry’s belated withdrawal from Russia is a welcome move, but energy giants could do more to avoid bolstering corrupt and repressive regimes.

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