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German Chancellor Olaf Scholz, Dutch Prime Minister Mark Rutte, and French President Emmanuel Macron arrive to attend an informal summit of the European Union in Prague on Oct. 7.
German Chancellor Olaf Scholz, Dutch Prime Minister Mark Rutte, and French President Emmanuel Macron arrive to attend an informal summit of the European Union in Prague on Oct. 7.

What Europe Can Learn From the 1973 Oil Shock

Building an economy that is both green and resilient requires EU-wide solidarity.

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.

Then-U.S. President Jimmy Carter (right) talks with Prince Fahd of Saudi Arabia and one of his ministers at the White House in Washington in 1977.
Then-U.S. President Jimmy Carter (right) talks with Prince Fahd of Saudi Arabia and one of his ministers at the White House in Washington in 1977.

Biden Should Revive the Carter Doctrine for the Middle East

In a new era of superpower conflict, Washington needs to recommit to the region.

Russian energy giant Gazprom said it had stopped all gas supplies to Poland and Bulgaria.
Russian energy giant Gazprom said it had stopped all gas supplies to Poland and Bulgaria.

Putin’s Ukraine Gambit Was ‘Self-Defeating’

Two experts on energy and geopolitics talk about spiking prices, Russia’s war, and what that means for the climate fight.

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.

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.

Saudi Energy Minister Prince Abdulaziz bin Salman gives a press conference in Jeddah, Saudi Arabia, on Sept. 17, 2019.
Saudi Energy Minister Prince Abdulaziz bin Salman gives a press conference in Jeddah, Saudi Arabia, on Sept. 17, 2019.

Climate Policies Could Hand Power and Profits Back to OPEC

The Western rush to replace oil has Gulf producers laughing all the way to the bank.

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

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

Leaders including Russian President Vladimir Putin, U.S. President Donald Trump, and Saudi Crown Prince Mohammed bin Salman meet at the G-20 summit in Buenos Aires on Nov. 30, 2018.
Leaders including Russian President Vladimir Putin, U.S. President Donald Trump, and Saudi Crown Prince Mohammed bin Salman meet at the G-20 summit in Buenos Aires on Nov. 30, 2018.

5 Reasons Why a Global Agreement to Prop Up Oil Prices Won’t Work

Even if the United States, Saudi Arabia, and Russia make a historic show of cooperation, any respite for the oil industry will be short-lived.

An oil worker surveys pipelines in the Permian Basin in Midland, Texas, on May 4, 2018.
An oil worker surveys pipelines in the Permian Basin in Midland, Texas, on May 4, 2018.

Amid Price War, Texas Oil Patch Is Coming Up Empty

Thousands of workers wonder if the coronavirus shutdown will be the worst oil bust of all.

U.S. President Donald Trump
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.
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
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
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.
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.
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.

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