Oil

Pump jacks draw crude oil in California

Is the U.S. Also to Blame in the Oil Price War?

Congress is accusing Saudi Arabia and Russia of waging “economic warfare” on the United States. But companies in the United States, the biggest oil producer in the world, aren’t slowing down yet.

Saudi Crown Prince Mohammed bin Salman, left, and Russian President Vladimir Putin

No End in Sight to the Oil Price War Between Russia and Saudi Arabia

Riyadh and Moscow are both betting they can win a global game of chicken over production.

Algerians protest against former President Abdelaziz Bouteflika's bid for a fifth term in power, in Algiers on Mar. 1, 2019.

Demise of the Petrostates

The oil price crash is an existential threat to petrostates from Nigeria to Iran, where governments rely on oil wealth to stabilize power and pay off competing interests.

Traders like Peter Tuchman were hit with a global markets rout on Monday, fueled by crashing oil prices and mounting worries over the impact of the coronavirus, Mar. 9, 2020.

An Economic Pandemic

With markets plunging worldwide, Trump does an about-face and promises "major" efforts to contain the coronavirus and ease economic pain.

Russian President Vladimir Putin and Igor Sechin of Rosneft

Russia’s Defiance Sets the Stage for Oil Price ‘Bloodbath’

Moscow rejects OPEC’s effort to avert a coronavirus-driven price collapse, shutting down an agreement to cut crude output.

Hammered by the coronavirus, OPEC opted to cut oil production and shore up prices, figuring that the threat from America’s decade-old oil boom is winding down, Oct. 21, 2019.

OPEC Tries to Forestall a Coronavirus Oil Collapse

Questions remain whether other oil exporters will join the pact to slash output—and if that will be enough to push up crude prices.

Leading Democrats including Sens. Elizabeth Warren and Bernie Sanders and former Vice President Joe Biden, seen here at a debate on Feb. 25, are all proposing energy policies that could curtail the American energy boom.

Democrats Threaten Energy Rollback

Markets might get jittery as bids by Biden, Sanders, and Warren to restrict fossil fuels move a bit closer to reality.

A pumpjack sits on the outskirts of town at dawn in the Permian Basin oil field on Jan. 21, 2016 in the oil town of Midland, Texas.

Record U.S. Oil Production Is Keeping Crude Prices From Spiking

A shale oil boom has created slack in the global supply chain.

Iranians burn a U.S. flag during a demonstration in Tehran following the killing of Islamic Revolutionary Guard Corps Maj. Gen. Qassem Suleimani

Suleimani Killing Sparks Fear of War and Economic Turmoil

Oil markets expect escalation in wake of U.S. strike on Iranian general.

Carter_Doctrine-Trump-Mike-McQuade_illustration-1

RIP the Carter Doctrine, 1980-2019

Donald Trump has torn up a foundation of U.S. foreign policy, and is causing irreparable damage to the Middle East—and world order—in the process.

View of Tehran shops that were destroyed after nationwide demonstrations broke out in protest of fuel price hikes and led to widespread destruction of property, on Nov. 20.

Iran Protests Suggest Trump Sanctions Are Inflicting Serious Pain

The regime has survived uprisings in the past. But now it is starting to kill demonstrators in great numbers.

Saudi Crown Prince Mohammed bin Salman speaks during Saudi-Russian talks in Riyadh on Oct. 14.

Shrunken Aramco Listing Could Crimp Saudi Crown Prince’s Bigger Plans

By failing to attract major international investors, Mohammed bin Salman may have to kiss his Saudi Vision 2030 goodbye.

Smoke billows from a fire that broke out at the North Oil Company installations in the disputed oil-rich province of Kirkuk, north of Baghdad, on Aug. 29.

The Future of Iraq’s Oil Is Russian

With ongoing protests making other investors nervous, Moscow is charging ahead.

Saudi Crown Prince Mohammed bin Salman gestures during a press conference in Riyadh on April 25, 2016.

Mohammed bin Salman Is Having a Fire Sale of His Political Power

Saudi Arabia’s crown prince will take money from investors in the national oil company—but he’ll be giving up far more than he thinks.

Oil pipelines are seen running through Okrika, a town in the Niger River delta in Nigeria, on Oct. 4, 2004.

The Time Is Right for African Nations to Break the Resource Curse

With oil prices low, the region’s major oil-exporting economies have a chance to unlink their economies from natural resources.

Iraqis hold portraits of Iranian Gen. Qassem Suleimani (left) and a Yemeni Houthi leader (right) during a demonstration in Baghdad against the Saudi-led coalition carrying out airstrikes on targets across Yemen on March 31, 2015.

Iran Is Winning the Battle for the Middle East’s Future

The vision of Iran’s Qassem Suleimani will continue to triumph until Washington trades maximum pressure and regional dominance for a multilateral Persian Gulf security structure.


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