OPEC

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.

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Market Body Slams OPEC

Things just aren't going OPEC's way.

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Desperate Saudis, Russians Agree to Extend Oil Production Cuts

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

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Take A Wild Ride on The Oil Price Roller Coaster

No wonder OPEC has been feeling so nauseous lately.

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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.

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U.S. to OPEC: Don’t Drill, Baby, Don’t Drill

OPEC collusion used to be bad news for America. Now, the oil patch is cheering signs the cartel might rein in production.

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The Era of Cheap Oil Is Coming to an End

Prices have been low for more than two years. With demand rising and supply falling, that’s all beginning to change.

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To Punish Iran, Saudis Scuttle Oil-Freeze Plan

Crude prices fell after big oil producers failed to rein in output — fruit of Saudi Arabia’s strategic rivalry with Iran.

Ali Bin Ibrahim al-Naimi, Saudi Arabia's petroleum and mineral resources minister, arrives ahead of the 168th Organization of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Friday, Dec. 4, 2015. Oil headed for its fourth decline in five weeks as the Organization of Petroleum Exporting Countries looked set to leave its production ceiling unchanged at a meeting in Vienna on Friday. Photographer: Lisi Niesner/Bloomberg via Getty Images

Saudi Arabia’s Destructive Oil Freeze

Riyadh has positioned global oil markets for a never-ending series of boom-and-bust cycles.

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Saudi Oil Minister: Production Cut ‘is Not Going to Happen’

Cheap oil will last a while longer, as Saudi Arabia makes clear it’s not going to take it on the chin to save beleaguered U.S. producers.

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Don’t Blame China for Plunging Oil Prices

Like other markets buffeted by Chinese economic headwinds, the oil market is in free-fall. But China’s slowdown isn’t really doing much to dampen its thirst for oil.

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Oil Prices Have Hit a 10-Year Low. They’re Not Going to Stay There.

With demand still growing and output finally shrinking, today’s cheap oil could nearly triple in price in coming years.

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