Ahead of President Biden’s trip to Saudi Arabia this summer, his administration thought it had secured pledges of increases in oil production throughout the year. The opposite happened.
Tag: Oil (Petroleum) and Gasoline
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Germany’s Allies Challenge Its Stances on Ukraine and Energy
The government has dismissed criticism of its refusal to provide modern tanks to Ukraine and its massive energy subsidy for its own citizens. But its friends are bridling.
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Why the Price of Gas Has Such Power Over Us
“When prices go up, we have this feeling of oppression that we can’t do everything we want.”
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Why OPEC Is Cutting Oil Production (and Why There’s Not Much the U.S. Can Do About It)
Washington sees OPEC Plus’s decision to cut oil production as support for Russia, but Saudi Arabia had legitimate economic reasons for pushing it.
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U.S. Executives Are Flocking to Saudi Davos in the Desert
Some top American business leaders are headed to the Saudi business conference. But Biden administration officials, angry over the kingdom’s stance on oil production and ties with Russia, are staying away.