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May 14, 2020

Coronavirus
The Elements Unfold: A Possible Bottom to Oil Prices

The process of going into lockdown due to the coronavirus pandemic has been revealing, especially in regards to oil. There are many elements to the smooth operation of global oil logistics that are n…

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020.

May 12, 2020

World Order
Navigating the Global Era, With Richard Haass

Richard Haass, president of the Council on Foreign Relations and author of the new book The World: A Brief Introduction, sits down with James M. Lindsay to discuss why it’s important to get smarter a…

Podcast People hold up inflatable world globes during World Environment Day celebrations in central Sydney, Australia.

April 20, 2020

Financial Markets
OPEC Plus’ Zero-Sum Oil Game

Prior to the U.S. invasion of Iraq in 2003, international sanctions had severely curtailed Iraq’s oil industry. Oil production sat at 1.4 million barrels a day (b/d). Iraq’s beleaguered refining indu…

The Suezmax sized oil tanker Karvounis lies at anchor south of Port Fourchon, Louisiana, U.S.

March 24, 2020

Energy and Environment
The Russian-Saudi Oil Price War, With Amy Myers Jaffe

Amy Myers Jaffe, CFR’s David M. Rubenstein senior fellow for energy and the environment and director of the Energy Security and Climate Change program, sits down with James M. Lindsay to discuss the …

Podcast Foreign labourers leave their work to have lunch at the Haradh gas site, one of the largest in the world, south of the vast Ghawar oil fields in the prosperous region of Hassa, Saudi Arabia.

April 6, 2020

Oil and Petroleum Products
Oil Ground Zero: Running Out of Storage

In recent days, the Donald J. Trump administration appears to have been sending mixed messages about oil. Typically, low oil prices can be a stimulus to the U.S. economy, but that is in situations wh…

 A local mural takes on new meaning while a United Parcel Service (UPS) delivery truck pauses at a traffic light, as the spread of coronavirus disease (COVID-19) continues in Washington, U.S., March 27, 2020.

May 12, 2020

World Order
New Book by CFR President Richard Haass a Primer to Help Readers Better Understand Today's Interconnected World

“This is a critical time to understand what is taking place in the world, why it is taking place, and how it will affect our lives,” writes Richard N. Haass, president of the Council on Foreign Relat…

March 19, 2020

Oil and Petroleum Products
Oil Price War: Is U.S. Shale The First To Blink?

As the oil price war continues, markets are hanging on every word coming from Washington, Moscow and Riyadh, amid signs that diplomacy could be afoot. A statement by the Kremlin’s presidential spokes…

Sarah Mandel (R) of Chadds Ford, Pennsylvania, and representing the organization Food and Water Watch, holds a banner as she takes part in a small anti-fracking protest in front of the White House in Washington November 3, 2015. Thanks to the fracking boom that has helped boost U.S. oil production 80 percent since 2008 and slashed the country's crude imports, the U.S. Strategic Petroleum Reserve is brimming. The world's largest supply of government-owned emergency oil holds 695 million barrels, the equivale

March 19, 2020

Oil and Petroleum Products
The Oil Price Shock: Who’s Most Vulnerable in the Coronavirus Slump?

A long dip in oil prices could put several oil-producing countries under great strain, but some are better positioned than others to weather the downturn from the coronavirus.

March 10, 2020

Saudi Arabia
Why Current Saudi-Russia Oil Price War Is Not Déjà Vu

It’s happened several times before: geopolitical tensions between Saudi Arabia and Russia have led to a dramatic drop in oil prices in years past. But the breakdown in Saudi-Russian cooperation in oi…

A gas station worker wearing a protective face mask sits next to a petrol station, after Saudi Arabia imposed a temporary lockdown on the province of Qatif following the spread of coronavirus, in Qatif, Saudi Arabia March 9, 2020. REUTERS/Stringer

February 24, 2020

Coronavirus
The Coronavirus, Oil, and Global Supply Chains

As nations prepare for a possible health emergency, world leaders are realizing that the new coronavirus is going to be harder to contain than previously hoped. Mobilization is continuing, and concer…

An empty street is seen after a coronavirus outbreak, in Milan, Italy February 24, 2020.