OPEC

HARSANYI: Turns out Biden’s empowering of OPEC was a really bad idea

October 11, 2022 David Harsanyi

If the average price of a gallon of gas falls by a penny, White House Chief of Staff Ron Klain will take to Twitter and credit the Biden administration. In the last few months, due […]

Saudi Arabia keeps lid on oil output as US gas prices rise

February 17, 2022 Aya Batrawy and Abdullah Al-Shihri, Associated Press

DUBAI, United Arab Emirates — Saudi Arabia is signaling it isn’t willing to pump more oil and won’t push for changes to an agreement with Russia and other producers that has kept a lid on […]

Editorial Cartoon – America is Back…

November 12, 2021 The Associated Press

OPEC to increase oil output as global economy recovers

June 1, 2021 David McHugh, Associated Press

FRANKFURT, Germany — The OPEC oil cartel and allied producing countries have confirmed plans to restore 2.1 million barrels of crude per day of oil output, balancing fears that continuing COVID-19 outbreaks in some countries […]

Members of oil cartel to meet as coronavirus rattles demand

November 30, 2020 Cathy Bussewitz, Associated Press

NEW YORK — Leaders of the OPEC cartel are meeting virtually to decide how much oil their members should produce as lockdowns related to the coronavirus continue to stifle demand for crude. They’re expected to […]

Oil’s chaotic collapse deepens

April 21, 2020 Stan Choe, Associated Press

NEW YORK — The market’s spotlight was again on oil, where prices have plummeted because very few people are flying or driving, and factories have shut amid widespread stay-at-home orders. Global demand is set to […]

Oil price dives as OPEC, Russia fail to agree on output cut

March 6, 2020 David McHugh and Kiyoko Metzler, Associated Press

VIENNA — Talks between OPEC and non-member allies like Russia ended Friday without a deal on cutting oil production to limit a drop in the price of oil as the virus outbreak slashes demand. The […]