More: OPEC
OPEC+ Cuts Production
On April 3, 2023, OPEC published a press release saying that a number of countries, both members of this cartel and those participating in...
When the Saudis are doing what they need to do, the White House has nothing to say
The shock oil production cuts from May outlined by the OPEC+ on Sunday essentially means that eight key OPEC countries decided to join hands...
OPEC+ agrees to stick to its existing policy of reducing oil production
Led by Saudi Arabia and Russia, OPEC+ agreed in early October to reduce production by 2 million barrels per day from November, - informs...
Oil Price Threshold: Action and Reaction
The introduction of a price threshold for Russian oil has been discussed for several months. The idea was announced back in early September in...
Quiet panic: “We don’t know how oil market is going to function after a certain date”
“How will the market react to the attempts by politicians to rig supply and price?” asks “The Financial Times” in an article “The week...
USA-KSA Energy War and Global Energy Crisis
The response of the USA to OPEC and its partner’s plan to reduce output by two million barrels per day was strong enough to...
U.S. slow walks punitive measure against Saudi Arabia as regional tension spills into Qatar World Cup
Recent Saudi efforts to appease the Biden administration in the wake of the kingdom’s backing of last month’s OPEC+ oil production cut take on...
The Geostrategic implications of crude oil
In the 33rd Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC, a group often referred to as OPEC+, ministerial meetings in Vienna decided...
US vs OPEC+: A tectonic shift in Geopolitics
A perfect storm is brewing on the foreign policy front in America triggered by the OPEC+ decision to cut oil production by 2 million...
Funding and Policy Challenges Facing Africa’s Petroleum Industry
Editor's Note: Modern Diplomacy, along with Global Leaders especially OPEC members, mourns Mohammad Sanusi Barkindo, OPEC Secretary General, whose unexpected death occurred early this...