Organization of the Petroleum Exporting Countries – Page 10

Amid Churning Oil Market, OPEC and Russia Leave Production Unchanged

The group, OPEC Plus, reaffirmed an output cut in October as “the right course of action” but outlined no further changes before an E.U. embargo of Russian oil begins on Monday.

By Stanley Reed

Embargoes and Sanctions Energy and Power Middle East Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries Prices (Fares, Fees and Rates) Russia Russian Invasion of Ukraine (2022) Saudi Arabia

OPEC and Russia to Meet as Global Forces Weigh on Oil Market

As the West moves to intercede in oil trading, OPEC Plus, led by Saudi Arabia, is expected to protect its own interests.

By Stanley Reed

China Economic Conditions and Trends Embargoes and Sanctions Energy and Power Europe International Relations International Trade and World Market Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries Prices (Fares, Fees and Rates) Production Russia Russian Invasion of Ukraine (2022) Strategic Petroleum Reserve (US) United States United States Economy

Oil Prices Slide as Investors Worry Energy Demand Is Slowing

The U.S. benchmark oil price fell below $80 a barrel on Friday, and gasoline prices in some states are now close to $3 a gallon.

By Clifford Krauss

Boycotts Economic Conditions and Trends Embargoes and Sanctions International Relations Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries Putin, Vladimir V Russia Russian Invasion of Ukraine (2022) Ukraine United States International Relations

Five Ways Sanctions Are Hitting Russia

Russia’s economy and residents have taken a battering, but the government continues to reap big revenues from energy sales. A partial European embargo on oil takes effect in December.

By Edward Wong Ana Swanson and Michael Crowley

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