Oil Prices Rise as the West Imposes a Cap on Russian Crude

Oil Prices Rise as the West Imposes a Cap on Russian Crude

Energy traders pushed crude prices higher on Monday following Europe’s embargo of seaborne Russian crude and a price cap by Group of 7 nations went into effect.
Saudis Find Sympathetic U.S. Ears at ‘Davos in the Desert’

Saudis Find Sympathetic U.S. Ears at ‘Davos in the Desert’

A Saudi decision to support a cut in oil output infuriated Washington. But at an investment conference in Riyadh, there was plenty of praise for the kingdom.
A Secret, Failed Oil Deal: How the U.S.-Saudi Relationship Ruptured

A Secret, Failed Oil Deal: How the U.S.-Saudi Relationship Ruptured

Ahead of President Biden’s trip to Saudi Arabia this summer, his administration thought it had secured pledges of increases in oil production throughout the year. The opposite happened.
US Executives Are Flocking to Saudi Davos in the Desert

US Executives Are Flocking to Saudi Davos in the Desert

Some top American business leaders are headed to the Saudi business conference. But Biden administration officials, angry over the kingdom’s stance on oil production and ties with Russia, are staying away.