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U.S. Becomes Largest LNG Exporter. Why that May Mean Costlier Gas at Home
The U.S. recently jumped into the top spot as the world’s largest exporter of liquefied natural gas, overtaking Qatar and Australia.
READ MOREThe U.S. recently jumped into the top spot as the world’s largest exporter of liquefied natural gas, overtaking Qatar and Australia.
READ MOREOPEC'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.
Any decision to reduce oil inventories OPEC's upcoming meeting will be greatly helped by Venezuela’s declining oil production, which has just fallen to its lowest levels since January 2003.
The oil price increase sparked by the recent attacks on Saudi oil tankers is concerning for the United States, because oil is the lifeblood of the American economy.
A series of apparent attacks on oil infrastructure in the Arabian Peninsula thrusted geopolitical risk to the forefront of market concerns. Against a backdrop of an already tightening supply-demand balance, the possibility of a serious supply outage poses a major risk to market stability.
China's Ministry of Industry and Information Technology website has been blocked to international visitors—a move some observers believe is a precursor to rising Sino-U.S. competition in technology and industry.
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