KALUGA, Russia— Valery Volodin, a welder at a sprawling Volkswagen plant in western Russia, relaxed for most of the summer at his dacha, or weekend house, planting his garden and […]
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Back to news homeAmid Churning Oil Market, OPEC and Russia Leave Production Unchanged
OPEC and its allies, including Russia, said on Sunday that they would leave their quotas for oil production unchanged. The group, known as OPEC Plus, appears to have decided during […]
Biden’s Meeting With Macron Comes Amid Rising Trans-Atlantic Tensions
Officials “think there is space here for Europe and others, frankly, to take similar steps,” a senior administration official told reporters this week in a background briefing previewing Mr. Macron’s […]
China Is Burning More Coal, a Growing Climate Challenge
China is poised to take advantage of the global urgency to tackle climate change. It is the world’s dominant manufacturer and user of solar panels and wind turbines. It leads […]
Lessons From Liz Truss’s Handling of U.K. Inflation
The sharp policy U-turn by Liz Truss, Britain’s prime minister, reveals the perils of taking the wrong path in the fight against scalding inflation. Read More
China Is the Wild Card in the Energy War With Russia
Slower growth in China has braked the rise in world energy prices and Russian riches, but Beijing has also stepped up its purchases of Russian fossil fuels. Read More
OPEC and Russia Aim to Raise Oil Prices With Supply Cut
Saudi Arabia and Russia, acting as leaders of the OPEC Plus energy cartel, agreed on Wednesday to their first large production cut in more than two years in a bid […]
Saudi Arabia and Russia May Find Their Oil Pricing Power Limited
“Not that big a deal,” said Rusty Braziel, executive chairman of RBN Energy, another Houston consulting firm. But, he added, “an OPEC Plus cut will definitely impact the market, just […]
Even as Oil Prices Ease, U.S. Keeps Tapping Strategic Reserve
Since Russia’s invasion of Ukraine, President Biden has overseen the largest sale of oil from the Strategic Petroleum Reserve ever, to ease prices at the gasoline pump.Having released 160 million […]
How a Looming Oil Ban Could Devastate a Small Italian City
Like thousands of Sicilians who live near Priolo Gargallo, part of an industrial petrochemical hub on this island’s southeastern coast, Davide Mauro has tied his livelihood to the giant Russian-owned […]