Oil

View of the Peace Monument outside the headquarters of Venezuelan state-owned oil company PDVSA in Caracas on April 22.

Is OPEC Over?

After 60 years, the organization is struggling to weather the pandemic and peak oil—but there is a way forward.

The Wilmington ARCO refinery in Los Angeles, California on Dec. 19, 2003.

The End of Oil Supremacy

If Biden wins, oil prices may fall, setting in motion the reconfiguration of the world energy industry.

A power plant in the southern Iraqi city of Samawah.

Iraq’s Future Isn’t Oil, It’s Sustainable Electricity

As the country continues to grapple with the aftermath of the Islamic State insurgency, revolutionizing the country’s energy sector could be the key to long-term security.

Russian President Vladimir Putin and King Salman bin Abdulaziz Al Saud of Saudi Arabia meet at the Al-Yamamah Royal Palace in Riyadh on Oct. 14, 2019.

Everything You Think About the Geopolitics of Climate Change Is Wrong

The transition to a zero-carbon world will shift power in very unexpected ways.

Italian Prime Minister Giuseppe Conte and French President Emmanuel Macron speak after the closing press conference of the seventh Med7 Mediterranean countries summit in Corsica on Sept. 10.

Turkish Military Maneuvering Pushed Italy and France to Join Forces in the Mediterranean. Now What?

Formerly competitors, Paris and Rome’s Pax Mediterranea may spell Ankara’s final estrangement from Europe.

A dhow sails past a crude oil tanker near the Emirati capital Abu Dhabi, on Oct. 22, 2019.

UAE Deal Boosts Israeli Oil Pipeline Secretly Built With Iran

The Jewish state is about to play a much bigger role in the region’s energy trade and petroleum politics.

Iranian President Hassan Rouhani and China's President Xi Jinping attend a meeting in Shanghai on May 22, 2014.

Iran’s Pact With China Is Bad News for the West

Tehran’s new strategic partnership with Beijing will give the Chinese a strategic foothold and strengthen Iran’s economy and regional clout.

A US military vehicle patrols the oil fields in the town of Qahtaniyah in Syria's northeastern Hasakeh province near the Turkish border, on May 8.

U.S. Troops Really Are in Syria to Protect the Oil—for the Kurds

It’s the only way to get Trump to keep troops on the ground.

A used fuel barrel sits in the Yazoo River floodwaters near Yazoo City, Mississippi, on May 22, 2011.

After Decades of Wrong Predictions, Oil May Finally Be Peaking

Thanks to the pandemic, demand is flattening faster than expected. In turn, the energy economy could transform sooner rather than later.

U.S. President Donald Trump and Chinese Vice Premier Liu He at the signing ceremony for the U.S.-Chinese trade agreement at the White House in Washington on Jan. 15.

Trump’s China Trade Deal Is as Dead as Can Be

His much-touted trade victory has crashed and burned with the coronavirus pandemic.

An excavator loads a truck with oil sands.

Albertan Officials Are Using Orwellian Methods to Protect Oil and Gas

As its energy industry comes under threat, the oil-rich province is taking aim at environmental activists.

Environmental activists rally for accountability for fossil fuel companies outside of New York Supreme Court on Oct. 22, 2019 in New York City.

Oil Price Crash Revives Fossil Fuel Divestment Campaigns

Climate activists say this is the moment for colleges and major institutions to dump their investments.

Indian Prime Minister Narendra Modi (right) arrives with Saudi Crown Prince Mohammed bin Salman prior to a meeting  in New Delhi on Feb. 20, 2019.

Why Gulf States Are Backtracking on India

Islamophobia is undoing years of New Delhi’s diplomatic gains in the Middle East.

Saudi Crown Prince Mohammed bin Salman arrives at the Future Investment Initiative conference in Riyadh on Oct. 24, 2018.

The 2020 Oil Crash’s Unlikely Winner: Saudi Arabia

It’s a year of carnage for oil nations. But at least one will emerge from the pandemic both economically and geopolitically stronger.

The Chinese People's Liberation Army (PLA) Navy aircraft carrier Liaoning participates in a naval parade to commemorate the 70th anniversary of the founding of China's PLA Navy in the sea near Qingdao in eastern China's Shandong province, on April 23, 2019.

U.S. Naval Standoff With China Fails to Reassure Regional Allies

The tense encounter around a Malaysian drillship drew in five navies.

A trader at the Dubai Stock Exchange in the United Arab Emirates.

The Coronavirus Oil Shock Is Just Getting Started

The pandemic is causing crisis for energy-producing governments around the world—and could change the global economy forever.

An aerial view shows an oil pumpjack at the Huntington Beach oil fields in California on April 20.

Oil Price Nosedive Continues as Trump’s Deal Fails to Deliver

The impact of the coronavirus sends markets into an unprecedented slump, with no end in sight.

Protesters man a barricade in support of the Wet'suwet'en hereditary chiefs and the Tyendinaga Mohawks

The Pandemic Is Slicing Away Indigenous Sovereignty in Canada

The Wet’suwet’en ended pipeline protests for safety’s sake, but the police aren’t following the rules.

An oil well in the northeastern Syrian town of Malikiyah

OPEC and Russia Parry Mexico to Ink Historic Deal to Slash Oil Output

But even the unprecedented agreement ultimately reached Sunday shows there is no easy way to halt the rapid collapse in global oil demand due to the coronavirus pandemic.

Russian President Vladimir Putin (left) looks over at Saudi Crown Prince Mohammed bin Salman as they line up for the family photo during the opening day of the G-20 Leaders' Summit at Costa Salguero in Buenos Aires on Nov. 30, 2018.

Russia Is Losing the Oil War—and the Middle East

Moscow spent years building influence in the region—and lost it all playing hardball with Riyadh.