The unexpected outcome of Iraq's recent parliamentary elections has sweeping implications for the country's agreements with international oil companies and OPEC.
Compensating for supply shortfalls from Venezuela, Libya, and Iran may prove a challenging task for OPEC in the months to come.
From the SPR and OPEC to the trade war with China, oil traders face myriad uncertainties through the end of the year.
It’s not inevitable that oil prices will hit $150, but there should be no surprises if they rally to that level, or higher.
This summer everything changed again in Libya. Oil has been taken hostage not by bandits or crooks but by a presidential hopeful who had liberated the ports two years ago.
There once was a time when OPEC did not need to rely on outside producers to achieve its policy goals. That time has passed. The old OPEC is dead, and OPEC+ now stands in its place. What will its reign bring?
The latest on oil prices: The forces that helped drive WTI and Brent apart have suddenly reversed course.
The oil market could be sorely tested in the second half of the year and into 2019, unless demand slows, OPEC outages are less than expected, or non-OPEC producers such as the United States, Canada, and Brazil produce higher than forecast.
The aim of the NOPEC legislation is to consider ways to take action to hold OPEC accountable for its anti-competitive behavior.
OPEC fudges the details. Oil prices rose on Friday in reaction to OPEC's decision to increase output during the second half of the year. Analysts argue that the cartel's actions will not be sufficient to meet the markets' needs.