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January 11, 2023

United States
How Does the U.S. Government Use the Strategic Petroleum Reserve?

The Strategic Petroleum Reserve, the world’s largest stockpile of emergency crude oil, has helped shield the United States from energy supply crunches, but debate persists over its management.

A photo of steel oil pipelines at a refinery.

May 17, 2023

Diplomacy and International Institutions
What Does the G7 Do?

The Group of Seven (G7) serves as a forum to coordinate global policy, but experts are increasingly questioning the group’s relevance.

G7 leaders are seated around a table during a meeting at the 2022 summit in Germany.

August 11, 2022

Energy and Environment
How the U.S. Oil and Gas Industry Works

The United States is the world’s top producer of oil and natural gas. Its decision to either continue at this pace or curb production to achieve its climate goals will have global consequences.

An oil refinery is seen from above at night. Lights shine throughout the refinery and a U.S. flag hangs in the center.

March 10, 2023

Venezuela
Venezuela: The Rise and Fall of a Petrostate

Venezuela’s descent into economic and political chaos in recent years is a cautionary tale of the dangerous influence that resource wealth can have on developing countries.

People walk past an oil-themed mural in Caracas, Venezuela.

November 10, 2008

Fossil Fuels
Non-OPEC Oil Production

Non-OPEC oil producers, which turn out most of the world’s oil, are operating near capacity.

March 2, 2023

United States
The State of U.S. Strategic Stockpiles

President Joe Biden has tapped the nation’s emergency reserves several times over the past year. The Strategic National Stockpile is just one of the reserves that the United States maintains for econ…

Members of the Oklahoma National Guard Oklahoma National Guard walk toward the front of the Strategic National Stockpile Warehouse after unloading medical supplies.

May 9, 2023

Trade
Mercosur: South America’s Fractious Trade Bloc

Three decades after its founding, Latin America’s largest trade bloc continues to deal with internal divisions, including over a stalled trade deal with the European Union. How could the return of Brazil’s Lula change the calculus?

A truck driver waits to unload his cargo of cereal grain at a rail terminal in Brazil.

March 9, 2022

Oil and Petroleum Products
OPEC in a Changing World

Western leaders have long criticized OPEC’s power to raise oil prices, and the bloc continues to influence the global market even as U.S. oil production has soared and alternative energies have come …

OPEC

January 20, 2012

Iran
Oil’s Trouble Spots

With oil supplies tight, regions most vulnerable to oil supply disruptions present a significant economic concern, particularly threats to the Strait of Hormuz and unrest in Nigeria, explains this Ba…

October 18, 2007

Global
Oil Prices

While some experts fault demand increases for record-high oil prices, others say production and market issues reflect price hikes are more complicated.