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Russian President Vladimir Putin.

America’s new sanctions on Russian oil may be biting too late

Had the West focused earlier on the flow, rather than the price, of Russian oil exports, the outcome of the war in Ukraine might have been very different.

  • Stephen Bartholomeusz

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British Airways made a demonstration Concorde flight to Caracas in 1975, pictured here. Air France made the city a weekly destination for its supersonic flights.

US forces are building up off Venezuela. Why does it feel like deja vu?

Once the epitome of glamour, Venezuela is in crisis. Now there is talk of a US invasion. How did it get to this?

  • Angus Holland, Jackson Graham and Felicity Lewis
Donald Trump and Vladimir Putin at the Anchorage press conference in Alaska on the weekend.

Blacklisted: Trump puts the squeeze on Putin

The US decision to sanction two Russian oil giants was perfectly timed and is set to affect Putin’s ability to conduct the war the way he wants.

  • Stephen Bartholomeusz
President Donald Trump and Saudi Crown Prince Mohammed bin Salman.

Trump dealt a blow as the world is flooded with oil

The OPEC+ oil cartel is trying to take back control of the market with a strategy that might be self-destructive. It also undermines a key plank of Donald Trump’s economic strategy.

  • Stephen Bartholomeusz
Markets remain close to record levels.

The alarm bells should be ringing louder in markets

From the Middle East crisis to Trump’s trade wars and everything in between, investors are seemingly ignoring the escalating risks growing for markets. They may live to regret it.

  • Stephen Bartholomeusz
Petrol explainer

What makes the price of petrol go up and down?

The black goop that comes out of the ground has a long journey to the petrol pump. How does it get to us – and what affects the final cost?

  • Angus Holland and Jackson Graham
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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.

The ticking time bomb facing the global economy

It is arguably the most important choke point in the global energy supply chain and is under threat from the Middle East conflict.

  • Stephen Bartholomeusz

Trump and Saudi’s crown prince deserve each other

The impetuous crown prince and Donald Trump and his world of make-believe are all smiles as they make deals. But trouble is brewing.

  • Ambrose Evans-Pritchard
Donald Trump’s energy policy is a key plank of his economic strategy

Trump and the oil cartel are on a collision course

There is a rising threat to a key part of Trump’s economic strategy.

  • Stephen Bartholomeusz
Donald Trump’s tariffs have depressed the price of oil.

Trump’s billionaire oil industry donors aren’t getting what they wished for

The US president said “drill, baby, drill” but his tariffs tanked the commodity’s price and they could reduce, not increase, production.

  • Stephen Bartholomeusz

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