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Oil Production

Saudi Energy Minister Abdulaziz bin Salman gestures during a press conference after the 33rd OPEC and non-OPEC Ministerial Meeting in Vienna on Oct. 5.
Saudi Energy Minister Abdulaziz bin Salman gestures during a press conference after the 33rd OPEC and non-OPEC Ministerial Meeting in Vienna on Oct. 5.

OPEC to Cut Oil Production, Dealing a Blow to Biden

But it’s business, not personal: A looming global recession threatens oil demand.

Azerbaijani President Ilham Aliyev (right) and European Commission President Ursula von der Leyen shake hands after signing a memorandum of understanding on increasing import of Azeri natural gas.
Azerbaijani President Ilham Aliyev (right) and European Commission President Ursula von der Leyen shake hands after signing a memorandum of understanding on increasing import of Azeri natural gas.

Will a New War Crash Europe’s Azerbaijani Gas Dreams?

Europe needs a serious Azerbaijan policy—and needs it fast.

Indigenous people march toward the Carondelet Presidential Palace in Quito, Ecuador, on June 27.
Indigenous people march toward the Carondelet Presidential Palace in Quito, Ecuador, on June 27.

The Energy Crisis Is Global

It’s not just Europe and the United States—eye-watering prices are wreaking havoc around the world.

International Energy Agency Executive Director Fatih Birol
International Energy Agency Executive Director Fatih Birol

IEA Chief: Europe Has to Cut Gas Use or Face Brutal Winter

Fatih Birol spoke with FP about the current energy crisis, Russia’s use of the energy weapon, and why the 1970s aren’t quite back.

Senegalese President Macky Sall addresses a press conference with German Chancellor Olaf Scholz at the Palace of the Republic of Senegal on May 22.
Senegalese President Macky Sall addresses a press conference with German Chancellor Olaf Scholz at the Palace of the Republic of Senegal on May 22.

Africans Decry Europe’s Energy Hypocrisy

Wealthy European countries that sought to halt funding of fossil fuel projects across Africa are now scrambling to secure the continent’s oil and gas.

Mohammed bin Salman gestures in front of himself as he walks with Biden.
Mohammed bin Salman gestures in front of himself as he walks with Biden.

Biden’s Brief Middle East Pivot Won’t Last

The U.S. president’s trip was an immediate and time-limited response to Russia’s invasion of Ukraine, domestic economic woes, and Iran.

Libyan tribal leaders pray in the city of Zintan on March 28, 2018.
Libyan tribal leaders pray in the city of Zintan on March 28, 2018.

Will Zintan Determine Libya’s Future?

With control over oil revenues and smuggling profits up for grabs, militias from the western city may once again exercise outsized influence over who leads the country.

U.S. President Joe Biden delivers remarks.
U.S. President Joe Biden delivers remarks.

Biden’s Push for Lower Energy Prices Amounts to a ‘Declaration of Bankruptcy’

FP columnist Adam Tooze discusses how fluctuating oil and gas prices are changing the world as we know it.

Turkish writer Hatice Cengiz, fiancée of Saudi journalist and dissident Jamal Khashoggi, poses next to a portrait of Khashoggi after unveiling it on the National Mall in Washington on Oct. 1, 2021, during a memorial ceremony marking the third anniversary of his assassination at the Saudi consulate in Istanbul.
Turkish writer Hatice Cengiz, fiancée of Saudi journalist and dissident Jamal Khashoggi, poses next to a portrait of Khashoggi after unveiling it on the National Mall in Washington on Oct. 1, 2021, during a memorial ceremony marking the third anniversary of his assassination at the Saudi consulate in Istanbul.

It’s Time to Rethink the U.S.-Saudi Relationship

For too long, Washington has sacrificed its principles to appease the kingdom—and gotten almost nothing in return.

U.S. President Joe Biden walks to Air Force One at Munich Airport in Munich, Germany, on June 28, after attending  the G7 Summit.
U.S. President Joe Biden walks to Air Force One at Munich Airport in Munich, Germany, on June 28, after attending the G7 Summit.

Biden Has a Lot to Gain in Saudi Arabia

His trip won’t lower gas prices, but it can shore up Washington’s global standing.

Protesting high energy prices in London
Protesting high energy prices in London

Europe’s Tiny Steps Won’t Solve Its Energy Emergency

The bad policies that created the crisis are still in place.

Ones and Tooze Override Photo
Ones and Tooze Override Photo

What Fluctuating Oil and Gas Prices Mean for the World

Plus: a look into the economics of playgrounds.

Teams carry ammunition cleared from civilian settlements south of Tripoli, Libya, on July 22, 2020. Militia affiliated with the warlord Khalifa Haftar's armed forces and mercenaries from the Russian security company Wagner Group trapped multiple mines and handmade explosives in the area.
Teams carry ammunition cleared from civilian settlements south of Tripoli, Libya, on July 22, 2020. Militia affiliated with the warlord Khalifa Haftar's armed forces and mercenaries from the Russian security company Wagner Group trapped multiple mines and handmade explosives in the area.

Libya Could Be Putin’s Trump Card

Global oil markets have already felt the pinch of Libyan oil shutdowns helped along by Russian mercenaries.

U.S. President Joe Biden boards Air Force One.
U.S. President Joe Biden boards Air Force One.

What to Expect From Biden’s Big Middle East Trip

The U.S. president’s upcoming trip to the region is being driven largely by a domestic political crisis linked to the price of oil.

Demonstrators with shields gather in Quito, Ecuador, on June 29.
Demonstrators with shields gather in Quito, Ecuador, on June 29.

Ecuador’s Uprising Is Only the Beginning

Public pressure for fuel price relief could echo across the region.

Colombian President-elect Gustavo Petro and Vice President-elect Francia Márquez celebrate their victory at the Movistar Arena in Bogotá on June 19.
Colombian President-elect Gustavo Petro and Vice President-elect Francia Márquez celebrate their victory at the Movistar Arena in Bogotá on June 19.

Can Petro Move Colombia Away From Oil?

If his presidency goes according to plan, the country could become the world’s biggest crude exporter to halt new exploration.

A fuel barrel lies on its side.
A fuel barrel lies on its side.

The Problem With Being a Petrostate

Is the “oil weapon” largely nonexistent?

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