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Trump bets big on Russian oil sanctions, but will it pay off?
The Debrief

Trump bets big on Russian oil sanctions, but will it pay off?

For the first time since taking office, President Trump has directly sanctioned Russia over President Putin's refusal to come to the negotiating table on Ukraine.

A gas station in Düsseldorf, Germany, on June 10, 2025.
Hard Numbers

HARD NUMBERS: Oil prices spike, China stops drinking, BTS eyes reunion, and more…

Saudi Arabia's oil price problem
Graphic Truth

Saudi Arabia's oil price problem

Saudi Arabia's budget deficit is growing.

Saudi Arabian flag with stock graph and an oil pump jack miniature model are seen in this illustration.
News

Saudis face reality on oil prices

Saudi Arabia reportedly plans to start producing more from Dec. 1, allowing global crude prices to fall. Why? It’s an admission that increased oil production in the United States and other non-OPEC members has combined with lower oil demand from China to drop prices well below the level the Saudis would prefer. By producing more, the Saudis hope to claim a larger share of oil market revenues.

Oil rig around the US Capitol.
by ian bremmer

The greatest energy boom you’ve never heard of

If we are to believe Republican politicians, President Joe Biden is waging a debilitating “war” on American energy. But is that true?

A police officer gets his shoes shined as he and fellow officers stand outside the prosecutor's office before the arrival of Peru's President Dina Boluarte, in Lima, Peru March 7, 2023.
Hard Numbers

Hard Numbers: Peru declares crime emergency, EU cuts Somalia aid, Chinese weddings dwindle, McCarthy tests his majority, oil prices surge

Trader Warren Meyers watches the Fed Rate announcement on the floor of the New York Stock Exchange
News

Breather for the Fed?

For background, the Fed has been bumping up rates since March 2022, when pandemic-related stimulus and supply chain kinks were driving annual price growth towards 9%, a 40-year high. But these days things are looking rosier.

US Secretary of State Antony Blinken.
News

Is the US trying to patch things up with Saudi?

US Secretary of State Antony Blinken traveled on Tuesday to Saudi Arabia for a three-day trip, marking the second high-level US visit to the kingdom over the past month.

Venezuela's President Nicolas Maduro.
News

Maduro’s not going anywhere. What comes next for Venezuela?

Just four years ago, most observers would have bet good money that Nicolás Maduro’s days at the top were numbered. How has he survived?

​People in Hong Kong hold sheets of paper in protest over coronavirus disease restrictions in mainland China.
popular

What We’re Watching: China's zero-COVID shift, Russia's fertilizer deal, Ramaphosa's corruption probe, EU's oil wrangling