The Organization of the Petroleum Exporting Countries has a deal with Russia and non-OPEC producers to cut supplies that has helped erase a global glut and boosted oil prices to their highest since 2014.
The U.S. is giving its allies 180 days to extricate themselves from Iranian oil deals, making explicit its desire to start curbing the nation’s crude exports quickly in a bid to go after Tehran’s economic lifeline.
The Iranian oil industry will continue to develop even if the United States pulls out of the 2015 nuclear deal, and Tehran would see the accord as operational as long as it can sell oil, the Oil Ministry’s news service quoted senior officials as saying on Monday.
The price of oil reached a record high of $147 on July 11, 2008. Could such a sharp, unexpected spike occur again?
Energy independence has been a U.S. energy policy unicorn ever since the oil crises of the 1970s. However, true energy independence is not economically feasible or even desirable, owing to the globalization of crude oil markets
Exxon Mobil is abandoning its joint exploration ventures with the Russian oil company Rosneft, retreating from what was one of its most promising investments until Western sanctions got in the way.
According to the prevailing wisdom, 1979 was the turning point in the Middle East. It certainly was a busy year.
The past year was quite a whirlwind, especially on the policy front. Unlike many advocacy organizations, Fuel Freedom was well positioned to continue progress both philosophically and with the relationships we have built over the past few years. Read more
Crown Prince Mohammed bin Salman’s decision to shake up Saudi Arabia’s longstanding patronage system and root out “corruption” introduces further uncertainties after a decade of black swan events in global oil.
The geopolitical turmoil unleashed by the unprecedented crackdown helped push oil prices higher, creating an ancillary benefit for both the kingdom’s rulers and the upcoming IPO of Aramco.
Our Mission: Fuel Freedom Foundation is working to reduce the cost of driving your existing car or truck by opening the market to cheaper, cleaner, American-made fuel choices at the pump.