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Omicron Ends Oil Rally. OPEC+ Decides to Wait and See
The emergence of the new Omicron variant has ended, at least for the moment, the surge in oil prices that has unfolded over the course of much of this year.

Biden Taps SPR, But Remains at the Mercy of OPEC+
The U.S. government announced that it would release oil from the strategic petroleum reserve in coordination with a handful of other countries in an effort to tame oil prices.

IEA: Oil Price “Reprieve” On The Way
After months of oil prices steadily climbing amid a tightening market, the worldwide rally may soon take a breather.

Global Leaders Want More OPEC+ Oil and More Climate Action
OPEC+ will meet in the coming days to decide on next steps in regards to unwinding extraordinary production cuts. Meanwhile, in Glasgow, global leaders are trying to ratchet up the climate ambition.

Saudi Arabia Says it is Aiming for Net Zero Emissions. How Serious is it?
Ahead of COP26, one of the world’s largest oil producers committed to reaching net-zero emissions by 2060.

Oil Hits New High as OPEC+ Refrains From Larger Production Increase
Modest OPEC+ production increases push oil prices toward their highest in seven years - and can climb further as investors stay away from the industry.

White House Struggles to Square Climate Goals and Gasoline Prices
The White House wants to slash greenhouse gas emissions in half by 2030. But asking the OPEC+ cartel to pump more oil seems to undercut those aspirations.

Oil Prices Hit Highest Level Since 2019 as OPEC+ Regains Control
As Brent crosses $70, oil market narratives have flipped to questions over supply rather than demand.

U.S. Shale Steps Up Drilling, But Production Rebound Uncertain
Drilling returns to the shale patch as oil prices rise, but it remains to be seen if this activity will result in production.

Oil Prices Rise, OPEC+ Faces Decision
As oil prices jump to 13-month highs, OPEC+ has opportunity to unwind its deep production cuts.