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July 13, 2017

Fossil Fuels
Managing a Smaller U.S. Strategic Petroleum Reserve

Downsizing the U.S. Strategic Petroleum Reserve will have economic and foreign policy consequences that have not been fully considered. U.S. foreign policy should prioritize the management of these c…

A section of the BP Eastern Trough Area Project oil platform is seen in the North Sea, around 100 miles east of Aberdeen in Scotland, on February 24, 2014.

February 21, 2019

Venezuela
Amid Political Uncertainties, Venezuela’s Oil Industry Situation Worsens

Back in 2013, Venezuelan state oil company PDVSA had ambitious plans for expansion of its oil production capacity. Its leaders envisioned eight new projects in the Orinoco Belt region that would requ…

Venezuelan opposition leader Juan Guaido, who many nations have recognized as the country's rightful interim ruler, reacts during a meeting with volunteers to coordinate humanitarian aid in Caracas, Venezuela

June 27, 2018

Iran
Oil Geopolitics and Iran’s Response

At first glance, last week’s Vienna Group meeting—that is the Organization of Petroleum Exporting Countries (OPEC) plus non-OPEC producers including Russia—seemed to have resolved some thorny issues…

Iran's Oil Minister Bijan Zanganeh arrives for an OPEC meeting in Vienna, Austria, June 22, 2018.

January 4, 2018

Iran
Oil and the Iran Protests

It doesn’t take much these days to remind oil traders that Middle East geopolitical risk can raise oil prices. Unrest in Iranian cities is the latest case in point. News and video records of major pr…

A gas flare on an oil production platform is seen alongside an Iranian flag in the Gulf July 25, 2005.

January 15, 2019

China
U.S.-China Trade Issues Loom Large for Oil

Mohammed Barkindo, Secretary General of the Organization of Petroleum Exporting Countries (OPEC), is worried about the U.S.-China trade war. Even though oil prices seem to be stabilizing, Barkindo to…

OPEC Secretary-General Mohammad Barkindo addresses a news conference.

June 15, 2016

Fossil Fuels
The Strategic Petroleum Reserve: A Policy Response to Oil Price Volatility?

This guest post is authored by Jason Bordoff, professor of professional practice and founding director of the Center on Global Energy Policy at Columbia University’s School of International and Publi…

A maze of crude oil pipes and valves at the Strategic Petroleum Reserve in Freeport, Texas (REUTERS/Richard Carson).

January 28, 2019

Venezuela
No Easy Path for Venezuela’s Oil in the Struggle for a Transition in Power

In early 2003, when debate was surfacing in the United States whether to invade Iraq, a Council on Foreign Relations working group drafted a monograph outlining the problems that such a policy would …

Venezuelan opposition leader and self-proclaimed interim president Juan Guaido accompanied by his wife Fabiana Rosales, speaks to the media after a holy Mass at a local church in Caracas, Venezuela, January 27, 2019

November 5, 2018

Iran
Iranian Oil Sanctions: Myths and Realities of U.S. Energy Independence

Renewed U.S. sanctions against Iranian oil exports kick in officially this week as part of the Trump administration’s decision to exit the Iranian nuclear deal. Estimations on how effective the sanct…

A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Persian Gulf, Iran, July 25, 2005.

November 9, 2018

Oil and Petroleum Products
Emerging Market Contagion Could Hit the Oil Industry

This is a guest post by Benjamin Silliman, research associate for Energy Security and Climate Change at the Council on Foreign Relations.  When the Trump administration announced temporary waivers…

Turkish Lira and Dollar banknotes.

January 14, 2019

China
To Boost Flagging Growth, China Doubles Down on Its Least Productive Sector

China’s leaders have vowed to boost flagging economic growth with greater government spending on infrastructure. Is this a wise bet? Since 2010, China has spent roughly eight percent of GDP on…

To Boost Flagging Growth, China Doubles Down on Its Least Productive Sector