Overcoming the Gulf States' oil curse
Deep reform could evolve out of traditional forms of rule in Gulf States. But do the leaders of these nations have the vision and courage to guide the way through to a different future.
Could OPEC's house of cards collapse?
The United Arab Emirates is privately questioning the benefits of participating in OPEC and may even be considering whether to leave.
OPEC+ faces growing pressure to change course as ministers meet
With oil stuck at around $40, and more supply coming online from Libya, the cartel is now under pressure to revise its plan to ease output cuts.
Once an American foe, now a friend: OPEC turns 60
Shifts in global politics and a surge in America's oil production have transformed the group.
OPEC and Russia approve biggest-ever oil cut amid pandemic
After four days of talks, the group known as OPEC Plus has agreed to reduce output by 9.7 million barrels per day for May and June.
OPEC talks with Russia have ended in dramatic failure, auguring the end of a diplomatic alliance between Riyadh and Moscow that has underpinned crude prices and changed the balance of power in the Middle East. Brent crude, the global benchmark, plunged the most in more ...
OPEC agrees to large oil output cut amid virus outbreak if Russia joins, sources say
OPEC agreed on Thursday to cut output by an extra 1.5 million barrels per day in the second quarter of 2020 to support prices amid an outbreak of coronavirus but made it conditional on Russia joining in, two OPEC sources said. The oil demand outlook ...
Libya leader Serraj will not sit down with rival Khalifa Hifter to end war on Tripoli
Libya's internationally recognized Prime Minister Fayez al-Serraj said on Sunday he was not prepared to sit down with eastern commander Khalifa Hifter to negotiate an end to the two-month offensive against Tripoli. His comments to Reuters suggest low prospects for a ceasefire soon in the ...
Venezuelan blackout hits oil exports as residents scramble for food and electricity rationing looms
Much of Venezuela, including parts of the capital Caracas, remained without power on Monday for a fifth day, crimping vital oil exports and leaving people struggling to obtain water and food. President Nicolas Maduro, who has blamed the unprecedented blackout on sabotage by the United ...
Ailing Bouteflika, 82, returns to face Algerian demonstrations
Algerian President Abdelaziz Bouteflika arrived home from Geneva on Sunday, as students vowed to keep up mass demonstrations against his re-election bid and the ruling party scrambled for a way out of the crisis. Bouteflika's decision to run for a fifth term has triggered seismic ...
Venezuela navy confronts Exxon oil-exploration ship in Guyana border row
Venezuela's navy "intercepted" a ship exploring for oil on behalf of Exxon Mobil Corp. in Guyanese waters over the weekend, neighboring Guyana's foreign ministry said in a statement, while Venezuela said the incident occurred within its territory. The latest incident in a century-old border dispute ...
Trump blasts Saudi Arabia over oil output cut as relations fray further
President Donald Trump took aim at Saudi Arabia's plan to cut oil production on Monday, injecting new tension into an already fraught alliance that has been clouded by U.S. concerns over the killing of journalist Jamal Khashoggi and the ongoing conflict in Yemen. Trump's efforts ...
