The European Union is inching closer to a ban on purchases of Russian oil as part of a new package of sanctions on Russia for its invasion of Ukraine, and

The European Commission proposed a series of sanctions today that included a ban on all European Union purchases of Russian oil, be it crude or refined, via pipeline or tanker. But,

In a series of reports in March, we warned that the demand on March 23 by Russia’s President Vladimir Putin that going forward “unfriendly nations” pay for Russian natural gas

The European Commission proposed a fifth package of sanctions today against Russia over its invasion of Ukraine. Originally meant to be more of a maintenance and loophole closing package when

In an historic decision, European Union leaders will declare on Friday in Versailles, outside Paris, that they will phase out purchases of Russian gas, oil, and coal, because Moscow’s invasion

Among the series of meetings that were held by China’s State Councilor and Foreign Minister Wang Yi with the foreign ministers of numerous middle eastern countries between January 10 and

China’s National Development and Reform Commission (NDRC) submitted its 2022 crude oil and refined oil product import, export, and output goals to the State Council in late December. These NDRC

Saudi Arabia is likely to press at today’s OPEC+ meeting for a “calibrated” increase in the group’s crude oil output starting in April, staggering an easing of its own voluntary

Saudi officials are scrambling to pull together the last pieces of a high stakes, immensely complex new framework agreement to begin draining the vast excess of crude swamping the international

The tweet by President Donald Trump earlier this morning that he spoke to “my friend MbS (Crown Prince) of Saudi Arabia” and that he “expects and hopes they will be cutting back approximately 10 million barrels, and

China’s President Xi Jinping presided over a meeting of the Political Bureau of the Communist Party of China Central Committee on Friday morning in Zhongnanhai, Beijing, to refine a series of COVID-19

Despite blustering threats to ramp oil output up to 13 million bpd or reports of rebuffing overtures from Russia, there are in fact very high level lines of communication that are being kept open between Riyadh and Moscow, and across the OPEC+

Barely 48 hours after unleashing a full scale oil market share war that drove crude prices plunging to around $30, we understand that Saudi officials are nervously weighing a policy

In a dramatic and unprecedented turn of oil politics gone awry that has stunned already fragile global markets, these last 72 hours saw Russian officials walking out of the OPEC+

The energy ministers of the 25 OPEC+ oil producing states meeting in Vienna this coming Thursday and Friday will probably have a mixed reaction to the G7 statement issued earlier this morning: on the

Saudi policy officials were said to be somewhat taken aback by the concern, if not gloominess, of G20 finance ministers and central bank governors over the risks for an extended global

All things considered, it was surprising to many that crude oil prices didn’t spike even higher after Saudi Energy Minister Khaled al-Falih, in response to the Trump Administration’s announced “zero” waivers extensions after May 2 to its unilaterally imposed economic sanctions

With the fate of Saudi Arabia’s hard line case for shared output cuts by the OPEC and non-OPEC oil producers hanging in the balance, Russian Energy Minister Alexander Novak left Vienna for

A bit of a bounce back in crude oil prices this morning after steep plunges in recent weeks should provide some relief to Saudi oil officials preparing what we would describe as

All things considered, Saudi Arabia’s Energy Minister Khaled al-Falih did a pretty impressive job in fudging the math and messaging of today’s OPEC meeting to satisfy the sharply juxtaposed demands of both Iran and President Trump.