Organization of the Petroleum Exporting Countries – Page 8

OPEC Move Shows the Limits of Biden’s Fist-Bump Diplomacy With the Saudis

OPEC’s decision to curb oil production was a signal that President Biden’s influence over his Gulf allies was far less than he had hoped.

OPEC and Russia to Meet, With a Big Cut in Oil Output on the Table

Saudi Arabia appears determined to bolster prices and continue coordinating with Russia during the Ukraine war.

Saudi Arabia and Russia May Find Their Oil Pricing Power Limited

Reduced global demand may offset any supply cut by OPEC and its allies.

OPEC Plus Considering Major Production Cut to Prop Up Oil Prices

The oil producers group, which meets on Wednesday, is worried about declining demand in a slowing global economy. Prices have dropped by 25 percent since June.

Ostracized by the West, Russia Finds a Partner in Saudi Arabia

The two oil-producing countries have extended their partnership even as the United States and Europe have sought to punish and isolate Russia for invading Ukraine.