Oil Prices Slide as Investors Worry Energy Demand Is Slowing
Posted inChina 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.
Five Ways Sanctions Are Hitting Russia
Posted inBoycotts 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.
Saudis Find Sympathetic U.S. Ears at ‘Davos in the Desert’
Posted inBiden, Joseph R Jr internal-storyline-no Khashoggi, Jamal Kushner, Jared Mnuchin, Steven T Mohammed bin Salman (1985- ) Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries Politics and Government Production Putin, Vladimir V United States International Relations United States Politics and Government

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
Posted inBiden, Joseph R Jr Mohammed bin Salman (1985- ) Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries Saudi Arabia United States International Relations United States Politics and Government

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.