US imports of Middle Eastern crude are set to drop, and our exports just hit a 24 year high.
They’re cutting consumption at home to keep exports up.
They may have to be.
The cartel is cutting output as promised, but its efforts are being offset by surging U.S. shale production.
It’s not enough to balance supply and demand—petrostates need to contend with crude in storage, as well.
London is using both carrot and stick to keep offshore oil output up.
The EIA doesn’t see crude prices rising significantly next year.
America’s rig count is rising, and it’s only going to climb further after OPEC’s decision to cut output.
Moscow just promised to cut its oil output, but that promise rings hollow.
OPEC just cut its oil output for the first time since 2008. America may emerge the biggest winner.
Trump thinks wind turbines are ugly. What does this mean for the future of American offshore wind power?
After the Chinese abruptly canceled a trade summit, the Philippine President is now walking back his Foreign Secretary’s harsh criticism of China.
A moment of bitter irony in the midst of Cameroon’s Anglophone crisis highlights the promises and limits of technology.
The love of Putin’s Russia is a precious gift that costs a lot and can be taken away at a moment’s notice—as soon as the beloved doesn’t fit the Kremlin’s selfish interests any longer.
How the government might restrict the flow of subsidies to selective American universities whose priorities aren’t necessarily in line with the public’s.
Europeans hoping that the U.S. might lean on the IMF for friendlier Greek bailout terms may be out of luck.