OPEC
Opinion
Oil
Bleeding billions: The oil cartel is losing control of the market
The world is overflowing with oil, and OPEC has failed in its latest attempt to stop prices tumbling.
- by Stephen Bartholomeusz
Latest
Relief in sight for motorists as oil prices slide
Petrol prices at the bowser are primed to fall in coming months as a slowdown in major economies reduces demand for oil.
- by Millie Muroi and Shane Wright
Opinion
Oil
The oil mystery that has the world on edge
It is one of the world’s most important markets and powerbrokers are widely split on what its future looks like.
- by Stephen Bartholomeusz
Opinion
Oil
How the oil cartel’s grip on the world is getting weaker
The OPEC+ oil cartel’s power and influence is waning and it is being forced to make difficult choices as it grapples with a number of threats.
- by Stephen Bartholomeusz
Opinion
Climate policy
The two major threats to a ‘net zero’ world
Shell’s head of strategy says the chances of meeting the global carbon emissions targets depend on two crucial factors.
- by Stephen Bartholomeusz
Analysis
Energy
Why Joe Biden’s real enemy is the price of oil
Joe Biden’s battle for re-election as president of the United States now faces a surprise new threat – the surging price of petrol.
- by Jonathan Leake
Opinion
Oil
How the US is exploiting the world’s oil cartel
Saudi Arabia and the rest of the OPEC+ cartel have been desperately trying to prop up oil prices over the past 18 months. But they have paid a heavy price.
- by Stephen Bartholomeusz
Oil prices rise on Middle East tensions as US, UK launch Houthi airstrikes
Analysts at Westpac believe oil prices could rise more still as the airstrikes against the Yemeni rebel group continue.
- by Yongchang Chin
Opinion
Oil
Oil’s global glut threatens to drag prices lower in ‘tricky year’ ahead
Traders wonder if OPEC+ will deliver enough of the cutbacks to rein in the looming surplus.
- by Yongchang Chin and Devika Krishna Kumar
Opinion
World markets
The oil cartel is caught in the trap that it set
The Saudi Arabia-led OPEC+ cartel hatched a plan to tighten its grip over the world’s oil prices. It has backfired spectacularly.
- by Stephen Bartholomeusz
COP28 ends with tears, and a historic deal on transition away from fossil fuels
The end of the negotiations came suddenly, a day after the talks were to have ended and after two marathon nights of tough discussions between rival voting blocs.
- by Nick O'Malley
Original URL: https://www.theage.com.au/topic/organization-of-the-petroleum-exporting-countries-1nud