Commentary / World Jun 6, 2023

Saudi Arabia's solo oil production cut is a risky strategy

By implementing a unilateral output reduction, Riyadh is hoping to boost crude prices.

Commentary / World Jan 19, 2023

Europe is winning the winter war by sheer luck

Gas supplies are ample even if cold weather returns in force. The bad news is that it means climate change is still happening.

Commentary / World Jan 13, 2023

Even with the electric car boom, the U.S. need for oil is climbing

U.S. consumption of fossil fuels is heading toward records — even amid the electric-car boom — and plastics are to blame.

Commentary / World Oct 7, 2022

The Saudi-Russian oil axis snubs the West with production cuts

Coming weeks before the U.S. midterm elections, many also see the move to cut oil production as a personal attack on President Joe Biden.

Business Dec 3, 2021

Surprise output hike by OPEC+ follows U.S.-Saudi diplomacy drive

The production boost comes even as the new COVID-19 variant threatens demand, after Washington and Riyadh reached a detente on oil prices.

Business Dec 2, 2021

OPEC+ faces output decision as omicron puts market in disarray

Despite the darkening outlook of the oil market, the panel forecast an oversupply of 1.9 million barrels a day in the first quarter, down from previous estimates.

Business / Economy Nov 4, 2021

OPEC+ heads for geopolitical showdown as Biden demands more oil

Bowing to U.S. pressure and opening the taps would keep Saudi Arabia’s closest ally onside, at the expense of the hard-won crude price recovery that has swelled the kingdom’s coffers.

World Oct 13, 2021

IEA warns world isn’t investing enough to meet future energy needs

Investment in green energy lags what’s needed to keep the planet from warming significantly, while fossil fuel spending also fails to cater for currently growing demand.