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Biden Abandons Plans to Curtail Drilling on Federal Lands
The oil and gas industry has tried to pin extreme market volatility on the clean energy transition and higher prices on government policies restricting fossil fuel production

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.

Oil Market Tightens, Pushing Up Prices
After the energy crunch caused natural gas, coal and metals prices to spike, analysts believe oil will be next.

Delta Drags Down Oil, But Lack of New Supply Keeps Prices From Crashing
Oil prices have sunk as concerns grow about the Delta variant.

No-Deal From OPEC+. But Analysts Say Stalemate is “Unsustainable”
The turmoil at the OPEC+ meeting injects uncertainty into the market—and may presage the challenges ahead.

Decarbonization Poses a “Political Risk Nightmare” for Oil-Dependent Countries
Oil-producing countries face severe financial and political risk as the world transitions away from oil.

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

How One Power Plant Reveals the Risks of Using Iraqi Fuel Oil in Lebanon
Lebanon's electric sector reform remains on hold as it explores using Iraqi high sulfur fuel oil in its aging power plants.