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oil prices/crude oil

Cuba suffers yet another blackout
Latin America & Caribbean

Cuba suffers yet another blackout

The crisis-wracked island has been hit with three power failures in the past two months -- and things may get worse still.

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.

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.

Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud arrives for an OPEC meeting in Vienna.
News

Global oil prices and a “Saudi lollipop”

In a dramatic decision, Saudi Arabia announced Sunday that it will take a unilateral step to slash its oil output by 1 million barrels per day in order to boost global oil prices.

Models of oil barrels and a pump jack are seen in front of displayed EU and Russia flags colors.
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What We’re Watching: Russian oil price cap woes, Iran’s morality police 'U-turn'

Capping the price of Russian oil is harder than the West thought, Iran claims it's scrapping its hated morality police

People walk as they protest in Moundou, Chad.
News

What We’re Watching: Chaos in Chad, Biden’s barrels of oil

Political protests plague Chad, Biden taps into strategic oil reserves.

Saudi Arabia’s Crown Prince Mohammed bin Salman and US President Joe Biden during a summit in Jeddah.
News

Laws, votes & guns: America’s options to respond to Saudi oil cuts

The Biden administration has at least three choices provided by Congress to move against the Saudis and/or OPEC+.

Putin in Iran: Alliances, arms, and energy on agenda
News

Putin in Iran: Alliances, arms, and energy on agenda

Vladimir Putin, Ebrahim Raisi, and Recep Tayyip Erdoğan have a lot to talk about.

What We're Watching: Biden-MBS fist bump, Xi in Xinjiang, Kenya-Somalia thaw
Middle East

What We're Watching: Biden-MBS fist bump, Xi in Xinjiang, Kenya-Somalia thaw

Crow on the menu during Biden’s trip to Saudi Arabia
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Crow on the menu during Biden’s trip to Saudi Arabia

The US president is hopping on a jet to Riyadh with a few key issues in mind.