Energy & Economics

Besides reopening the debate about proper use of the strategic reserve, the decision is not guaranteed to sway Washington’s tussle with Moscow and Riyadh.

The political costs of oil and gas pricing are increasing amid diplomatic snubs, LNG logistics, and the onset of winter weather.

An expert discusses persistent questions about Saudi policy two decades since the September 11 attacks, explaining why some of them are still so difficult to answer definitively.

The long timeframes and commercial calculations involved in such a transition have left Washington and other capitals more reliant on OPEC+ decisionmaking than they would like.

The international community stepped up to the ISIS challenge but has failed miserably to address the multifaceted problems presented by Assad, whose regime has worked with the terrorist group on and off for years.

Given ongoing environmental concerns over energy cooperation, the chances that the two partners will fully realize their commercial potential are still up in the air.

The announcement raises several awkward geopolitical questions, but market factors may ultimately make U.S. pressure moot.

As the fragile Arab democracy faces its most serious test in nearly a decade, Washington should oppose any unconstitutional centralization of power, urge President Saied to clarify his roadmap for ending the impasse, and consider additional economic and medical assistance.

Although more supplies will be coming to market, the economic impact of this decision will depend on issues of timing, royal rapprochement, and new COVID surges.