OPEC

U.S. President Donald Trump

Trump’s Promised Oil Deal Still Eludes Big Producers as Prices Dive Again

But Saudi Arabia and Russia appear to be thinking twice about their oil war as their economies start to feel the pain.

U.S. President Donald Trump speaks to the press in Washington on April 1. Trump goosed oil prices in hopes of a grand bargain with Russia and Saudi Arabia, but the economy continues a historic contraction even as the administration warns of more than 100,000 deaths.

Trump Talks Up Oil Markets, but the Economy Is Still Tanking

Despite a brief recovery in oil, experts say there is still no deal to cut production and boost prices.

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.

Russian President Vladimir Putin looks up at Crown Prince of Saudi Arabia Mohammad bin Salman al-Saud at the G20 summit in Buenos Aires on Nov. 30, 2018.

Why This Oil Crash Is Different

The oil price collapse has sent shockwaves through financial markets. But the geopolitical earthquake could reach even farther.

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.

A derrick pumps in an oil field in Kuwait on Jan. 15, 2003.

The United States’ Antitrust Laws Can’t Match Saudi Aramco

Congress should pass NOPEC to give America a fighting chance against oil cartels.

This week’s OPEC+ meeting could see another friendly handshake between Saudi Arabian Crown Prince Mohammed bin Salman and Russian President Vladimir Putin, pictured here on Dec. 1. (Mikhail Klimentyev/AFP/Getty Images)

Are Putin and Mohammed bin Salman Getting Ready for Another High-Five?

This week’s OPEC meeting could cement closer cooperation between Russia and Saudi Arabia.

The shale oil revolution has brought boom, and sometimes bust, to places like Midland, Texas, shown here on Feb. 5, 2015. (Spencer Platt/Getty Images)

Why American Oil Hasn’t Been a Total Game-Changer

The U.S. is now the world’s top producer, but Saudi Arabia still holds the key to crude prices.

U.S. President Donald Trump addresses the 73rd session of the United Nations General Assembly in New York on Sept. 25. (John Moore/Getty Images)

Trump Takes Aim at Iran, China, and the Global System in Big U.N. Speech

And draws a rare laugh from world leaders while boasting of his accomplishments.

Saudi energy minister Khalid al-Falih, the architect of OPEC’s production restraints that drove prices higher in recent years, in Baghdad on May 22, 2017.

Proposed Law Would Allow U.S. to Sue OPEC for Manipulating Oil Market

Trump appears to favor the idea, but oil producers are already pumping flat out.

OPEC Conference President Saudi Arabia's Energy Minister Khaled al-Falih (2ndR), OPEC  Secretary General Mohammed Barkindo (R) and Angola's Governor for OPEC and Chairman of the Board of Governors Estevao Pedro (2nd L) the 173rd OPEC Conference of Organization of the Petroleum Exporting Countries (OPEC) in Vienna, on November 30, 2017. (Joe Klamar/AFP/Getty Images)

This Isn’t Your Father’s OPEC Anymore

Global oil markets are controlled by Russia and Saudi Arabia — despite America’s shale boom.

An Iraqi worker at an oil refinery in Nasiriyah, Oct. 30, 2015. (Haidar Mohammed Ali/AFP/Getty Images)

OPEC Agrees to Boost Oil Output

The oil cartel vowed to add 1 million barrels a day to markets. It won’t add quite that much.

Saudi Energy Minister Khalid al-Falih and Russian Energy Minister Alexander Novak at an OPEC meeting in Jeddah, Saudi Arabia on April 20. (Amer Hilabi/AFP/Getty Images)

OPEC Close to Agreement to Open the Oil Taps

With or without Iranian cooperation, extra barrels of crude could help meet rising demand. But there’s still reason to fear a price spike later this year.

Donald Trump at a rally May 5, 2016 in Charleston, West Virginia. (BRENDAN SMIALOWSKI/AFP/Getty Images)

Trump’s Iran Policy Is Blowing Up His Energy Agenda

The U.S. president wanted to be energy independent, but he’s forcing his country to get more deeply involved in the global oil market.

saudi crop

Market Body Slams OPEC

Things just aren't going OPEC's way.

oil crop

Desperate Saudis, Russians Agree to Extend Oil Production Cuts

OPEC just can’t figure out how to kill the U.S. shale boom.

rc crop

Take A Wild Ride on The Oil Price Roller Coaster

No wonder OPEC has been feeling so nauseous lately.

opec-crop

Amid Oil Glut, OPEC Finally Agrees to Curb Crude Production

Oil prices surged after OPEC announced a new production cut. But will it be enough to help the group escape the bottom of the barrel?

An OPEC branded flag sits on a table ahead of the 169th Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Thursday, June 2, 2016. Saudi Arabia is ready to consider a surprise deal with fellow OPEC members, attempting to mend divisions that had grown so wide many dubbed the group as good as dead. Photographer: Akos Stiller/Bloomberg via Getty Images

OPEC Is in its Death Throes

The latest bluster by Saudi Arabia won't scare America’s oil producers – or solve its own existential crisis.