American oil production is hitting record levels, delivering economic and foreign policy benefits but putting environmental goals further out of reach.
Category: Organization of the Petroleum Exporting Countries
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Oil Producers Fail to Agree on More Production Cuts
Oil prices fell after OPEC Plus’s year-end gathering failed to produce substantial cuts in output. But the group said Brazil, an oil giant, was expected to join.
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In a Shaky Oil Market, OPEC Has Bitter Decisions to Make
Anticipating a drop in demand for 2024, major producers, led by Saudi Arabia, are trying to reduce supply.
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U.S. Gas Prices Drop Ahead of Thanksgiving Travel
With OPEC Plus members in disarray over production levels, oil prices have fallen nearly 20 percent in three months.
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Oil Prices on a March Toward $100 a Barrel
Analysts have raised their forecasts for oil prices, as they try to understand Saudi Arabia’s intentions with recent production cuts.
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Gas Prices Have Crept Higher This Summer, a Challenge for the Fed
Now at their highest level in 11 months, they can complicate the Federal Reserve’s campaign to rein in inflation.
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Oil Prices Jump on Extension of Production Cuts by Saudi Arabia and Russia
The move reflected renewed efforts by the two major exporters to bolster the price of crude.
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Oil Prices Projected Higher on Supply Cuts by Saudi Arabia and Russia
Prices have been creeping higher, despite uncertainty about the strength of the global economy.
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Oil Prices Projected Higher on Supply Cuts by Saudi Arabia and Russia
Prices have been creeping higher, despite uncertainty about the strength of the global economy.
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Russia and Saudi Arabia’s Oil Partnership Shows Strain
Analysts said the countries’ mutual need to keep energy prices high would help them maintain close ties, despite signs that Moscow has undercut previous deals.