OPEC

A look at what a drone strike on oil reserves in Saudi Arabia could mean for consumers.

Russia has leveraged its oil and gas market power to enhance its influence in the Middle East, just as the U.S. is pulling back from the region.

When OPEC decides to restrict global oil supply and raise prices, it can become very tempting for some nations, particularly smaller producers, to break the pact and sell more oil. OPEC members and allies are currently meeting in Azerbaijan, and the monitoring committee has been reviewing the “percentage of conformity” for each nation. Essentially, it […]

An estimated 5 million Venezuelans have left the country due to high poverty rates.

The real action at the oil meeting in Vienna might be in a stairwell.

The price of oil is at its lowest in almost a year. Now officials from Saudi Arabia are suggesting they might cut supply to arrest the falling price. President Donald Trump on Monday said he hopes Saudi Arabia and OPEC don’t do that. It’s all a bit of a test for Saudi Arabia and its […]

Analysts didn’t anticipate the convergence of factors driving oil prices down. A record production of U.S. crude combined with increased pumping globally have created an unexpected surplus. Combine that with slowing global demand and President Donald Trump easing sanctions on Iran, and oil prices are in a slump. What will it take for OPEC to […]