Saudi Arabia’s deputy crown prince sent his energy minister to an OPEC meeting last month with a difficult mission: Make a deal with rival Iran but don’t compromise the kingdom’s ability to fight for oil-market share, people familiar with the matter said.
Shuttle diplomacy by the United States’ envoy to the anti-Islamic State coalition brokered an oil deal between Iraq and its Kurdish region vital to a climactic battle with the jihadists, diplomats, officials and oil men say.
OPEC agreed on Wednesday to cut its oil output for the first time since 2008, with the group’s leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.
Oil traders and analysts increasingly see the statements as an OPEC ploy to prop up prices short term.
Saudi Arabia might soon gain control of two major Texas refineries — proving, once again, that American energy independence is impossible.
On my most recent trip to Saudi Arabia, I was greeted with a startling confession.
U.S. Navy Secretary Ray Mabus has made alternative energy a top priority since taking office in 2009, but this week he took his commitment to new heights, literally.
The effects of climate change endanger U.S. military operations and could increase the danger of international conflict, according to three new documents endorsed by retired top U.S. military officers and former national security officials.
Saudi Arabia’s minister of foreign affairs said on Thursday that it would be reasonable for the kingdom to go along with other producers in changes to oil production.
Iraqi media are reporting that ISIS militants have opened the taps of an oil pipeline in the town of Qayyarah, in northern Iraq. Crude is flowing in the streets, as images from Qayyarah show, and people are worried about what will happen if someone decides to set the crude on fire.
