A Saudi decision to support a cut in oil output infuriated Washington. But at an investment conference in Riyadh, there was plenty of praise for the kingdom.
Tag: Oil (Petroleum) and Gasoline
Europe’s Energy Crisis Is Sending Leaders to Africa for Help
Officials from Algeria to Mozambique say they hope to take advantage of an abrupt change in a long-unequal relationship.
Biden Faces New Challenges With Coalition on Ukraine Support
The domestic and international consensus has shown signs of fraying as midterm elections loom in the United States and Europeans face the prospect of a cold winter.
A Secret, Failed Oil Deal: How the U.S.-Saudi Relationship Ruptured
After Saudi leaders pushed to slash oil production despite a visit by President Biden, American officials have been left fuming that they were duped.
Germany’s Allies Challenge Its Stances on Ukraine and Energy
The government has dismissed criticism of its refusal to provide modern tanks to Ukraine and its massive energy subsidy for its own citizens. But its friends are bridling.
US Executives Are Flocking to Saudi Davos in the Desert
Some top American business leaders are headed to the Saudi business conference. But Biden administration officials, angry over the kingdom’s stance on oil production and ties with Russia, are staying away.
Biden Expands Effort to Lower Gas Prices and Secure Energy Independence
Depleting emergency oil reserves spurs criticism that the White House is trying to lower gas prices with midterm election politics in mind.
The Two Inflation Crises
Why Europe’s inflation crisis is different from America’s.
Strikes Spread in France, Piling Pressure on Macron
Students and transit workers joined a walkout that started at oil refineries. The unrest is a growing problem for President Emmanuel Macron, whose government was already embattled in Parliament.
As Europe Piles Sanctions on Russia, Some Sacred Cows Are Spared
The European Union has been severing economic ties with Moscow to support Ukraine, but some countries have lobbied to protect key sectors.