World Apr 28 United Arab Emirates will leave OPEC on May 1 The United Arab Emirates announced Tuesday that it will leave the oil cartel OPEC and its wider OPEC+ group effective May 1, a move rumored for some time as the Emirates chafed under production restrictions and had increasingly frosty relations… By Jon Gambrell, Associated Press
Economy Mar 10 Aramco announces $121 billion profit in 2023, Saudi oil giant's 2nd highest on record Saudi oil giant Aramco on Sunday reported it made $121 billion in profit last year, down from its 2022 record due to lower energy prices. By Jon Gambrell, Associated Press
World Dec 10 As COP28 talks wind down, sticking points remain on fossil fuels and climate adaptation Negotiators have been urged to narrow down their options so they can agree on how to save Earth from disastrous levels of warming and help vulnerable societies adapt to weather extremes as the clock runs down on United Nations climate… By Sibi Arasu, Seth Borenstein, Jon Gambrell, Associated Press
Economy Nov 30 OPEC+ oil producers struggle to agree on cuts to production even as prices fall The OPEC oil cartel led by Saudi Arabia and allied producers including Russia are trying to agree on cuts to the amount of crude they send to the world. By Courtney Bonnell, Josh Boak, Associated Press
Sep 16 A historical timeline of U.S. relations with Iran By Council on Foreign Relations Onetime allies, the United States and Iran have seen tensions escalate repeatedly in the four decades since the Islamic Revolution. Continue reading
Aug 02 Biden administration delays plans to restock nation's emergency oil reserve By Matthew Daly, Associated Press The Energy Department canceled a planned purchase of 6 million barrels for the strategic reserve this week, saying it wants to secure a good deal for taxpayers. Continue reading
Jun 04 OPEC+ member countries consider more production cuts as oil prices slump By David McHugh, Associated Press The major oil-producing countries led by Saudi Arabia and Russia are wrestling with whether to make another cut in supply to the global economy as the OPEC+ alliance struggles to prop up sagging oil prices that have been a boon to U.S. Continue reading
Apr 02 Watch 2:52 News Wrap: Biden pledges federal resources to help tornado recovery efforts In our news wrap Sunday, Biden declared a major disaster in Arkansas after tornadoes struck the South and Midwest, an explosion at a Russian cafe killed a prominent pro-war blogger, Saudi Arabia and other OPEC countries announced oil production cuts,… Continue watching
Apr 02 Saudi Arabia, other OPEC+ nations announce surprise oil production cuts By Associated Press Saudi Arabia and other major oil producers on Sunday announced surprise cuts totaling 1.15 million barrels per day from May until the end of the year, a move that could raise prices worldwide. Continue reading