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With global oil supply outpacing demand, oil traders are shrugging off rising tensions around the Strait of Hormuz.
Iranian threats to disrupt shipping through the Strait of Hormuz highlights the precarious political nature of the oil market—and recent events show why this threat must be taken seriously.
The U.S. transportation system is currently 92 percent dependent on petroleum - but an initiative to promote municipal fleet electrification has taken steps to correct that trend.
As the Trump administration weighs its geopolitical priorities, the future of Venezuela's oil sector hangs in the balance.
OPEC's collusive actions run counter to established international anti-competitive norms at American expense. But by amending the Sherman Act, NOPEC offers a tool to combat these activities.
While the result from Vienna is ostensibly a success, there are obvious cracks in OPEC’s cohesion, as well as in its strategy to tighten up the market.
Against the backdrop of rising tension in the Persian Gulf, OPEC+ will meet to decide next steps
The Northeast's energy security vulnerabilities have been laid bare after a fire ripped through the region's largest refinery last week
Russian discontent over Saudi intentions to reduce production is a likely potential flashpoint for the upcoming meeting—but internal OPEC politics, particularly between Saudi Arabia and Iran, mean this summit is rife with tension that threatens to upset proceedings.
The members of the OPEC+ coalition have different economic incentives. Most member countries are producing as much as they can and have little scope for higher output, so they are on board with an extension of production cuts.
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