OPEC
Grains Could Be Next Front in Trade Wars And Europe is in Russia's Range
Russia's recent ban on wheat exports is likely motivated by immediate concerns shared by other nations. But suggestions mooted by officials last year to create a "Grain OPEC" are more alarming—and Europe needs to plan ahead.
Trump Pledges U.S. Oil Production Cut to Seal Mexico-OPEC Deal
Trump said the United States will cut its oil production by a quarter-million barrels of crude oil per day to help Mexico meet OPEC's demands for a deal to bolster global petroleum prices.
G20 Scrambles to Rescue Global Oil Deal as Cash-Strapped Mexico Holds Out
All other members of OPEC agreed to cut 10 million barrels a day in production, a 23 percent reduction of the group's baseline.
Trump Says He May Use Tariffs on Oil Imports to Protect U.S. Energy Jobs
"We're going to take care of our energy business. ... If I have to do something to protect thousands or tens of thousands of energy workers and our great companies that produce all these jobs, I'll do whatever I have to do," Trump said.
Putin Targets U.S. Fracking With Oil Price War
"The Kremlin has decided to sacrifice OPEC+ to stop U.S. shale producers and punish the U.S. for messing with Nord Stream 2," Alexander Dynkin told Bloomberg.
U.S. Overtook OPEC's Saudi Arabia as World's Top Oil Exporter: IEA
A shale oil boom in the U.S. is helping to create a glut in supply, putting pressure on OPEC to cut production.
Russia and Saudi Arabia Form New Oil Cartel, Mark 'Marriage' With a Poem
"Uncertainties remain, the challenge gets harder, but the future's bright, now we've a charter," the OPEC+ poem read.
Qatar Pulls Out of Oil Cartel OPEC
Qatar's energy affairs minister announced that the country would end its 57-year membership in the cartel because it wanted to develop its liquefied natural gas.
Saudi Arabia Needs America
To many, the United States appears beholden to the Saudi kingdom. In actuality, Riyadh needs Washington more than Washington needs Riyadh.
Will Gas Prices Go Up? Saudi Arabia to Cut Production
Oil prices have dropped significantly, with the U.S. benchmark price dipping below $60 per barrel.
Trump's Sanctions Forced Iran's Economy Into Recession
"U.S. sanctions against Iran will both weigh on Iran's oil production prospects in the medium term and reduce Iran's crude exports in the short term...," the report predicts.
Will Trump's Iran Sanctions Raise Oil Prices?
The world's top two oil producers struck a deal to raise output starting last month, according to reports.
Trump's Tweets Increased Oil Prices By $10, Iran Says
"You impose sanctions on major producers ... and yet you are asking them to reduce the prices?"
Trump Attacks OPEC Oil Price 'Monopoly'
The president is worried about gas prices ahead of the midterms.
Putin Weighs In On Tesla, Electric Cars
The leader of one of the world's biggest oil producers officially owns three Russian-made cars.
Oil Prices Expected to be Volatile in 2017: IAE Chief
OPEC members have agreed to cut output by 1.2 million barrels per day for the first half of 2017.
Satellite Images Expose China's Secret Oil Stockpiles
The country's oil supply is far greater than previously reported.
Which Way Is the Price of Oil Heading? Up or Down?
No matter how many times we hear that oil prices are cyclical, we tend to believe the present trend is here to stay.
Will Donald Trump Take On OPEC?
Two energy advisers to Donald Trump want him to call out OPEC members for driving down world oil prices.
Saudis Change Course on Oil, Embrace Reform Minister
Elevation of Khalid al-Falih seen as message that Saudi Arabia is moving forward with plans to be less reliant on oil profits.
Oil Per Barrell Rises Above $45 For First Time in 2016
Brent crude oil appears to continue rising through what has been a volatile week for the industry.
Oil Prices Dip After Output Freeze Deal Collapses
Saudi Arabia blamed for scuttling deal amid concerns about Iran's production.
Nigeria's Loss-Making Oil Corporation to Break Up
Despite improvements, the Nigerian National Petroleum Corporation still loses $15 million per month.
With Russia, Saudi Arabia is Keeping its Options Open
Saudi Arabia is at odds with Russia over Syria, but the Gulf State will still try to find common ground.
Saudi Arabia and Russia Agree to Oil Production Freeze
Saudi oil minister says that the decision was taken as "we want a stable oil price."
Iran Orders Oil Production Boost After Sanctions Lift
The country's deputy oil minister says 500,000 more barrels of oil per day will be produced.
Oil Slumps 6 percent to Near Seven-year Low on OPEC Inaction
Crude oil futures tumbled 6 percent on Monday, reaching their lowest in nearly seven years.
Saudis Under Pressure to Lift Oil Prices
How long can Riyadh endure the financial strain, and how long can the current Saudi leadership maintain stability?