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Donald Trump wants a massive boost in US oil production to lower US petrol prices. The oil bosses, however, are more interested in boosting shareholder returns.

Forget Trump’s ‘drill, baby, drill’ mantra. The oil giants won’t go for it

Donald Trump wants a massive boost in US oil production to lower US petrol prices. The oil bosses, however, are more interested in boosting shareholder returns.

  • Stephen Bartholomeusz

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Brent fell below $US78 and WTI was under $US74 on Tuesday.

‘Drill, baby, drill’: What if the world doesn’t need Trump’s ‘liquid gold’?

Donald Trump wants America to dominate the global oil market. But his plans to boost production come as demand for the fossil fuel has weakened.

  • Stephen Bartholomeusz
The impounded Iranian crude oil tanker, Grace 1, is silhouetted as it sits anchored off the coast of Gibraltar. Australia will join a US-led coalition to protect shipping in the Straits of Hormuz.

Up or down?: The mystery over the oil market

The oil world has had a surprisingly calm reaction to the Middle East conflict this week. That could change quickly.

  • Stephen Bartholomeusz
Abdulaziz bin Salman, Saudi Arabia’s energy minister

The cheating game inside the world’s oil cartel

The OPEC+ group likes to blame everyone else for its problems. It needs to look in the mirror.

  • Javier Blas
Saudi Arabia’s Crown Prince Mohammed bin Salman.

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.

  • Stephen Bartholomeusz
Fuel prices hit a six-month low of $1.86 a litre at the start of this month across Melbourne and Sydney.

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.

  • Millie Muroi and Shane Wright
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The sudden slump in oil prices

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.

  • Stephen Bartholomeusz
Mohammad bin Salman is now the most important decision-maker in Saudi Arabia.

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.

  • Stephen Bartholomeusz
A solar power station on the outskirts of Golmud, Qinghai province. There has been a surge in clean energy investment in China.

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.

  • Stephen Bartholomeusz
US President Joe Biden during a campaign event at United Steel Workers headquarters in Pittsburgh, Pennsylvania, US.

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.

  • Jonathan Leake

Original URL: https://www.watoday.com.au/topic/organization-of-the-petroleum-exporting-countries-1nud