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OPEC leader tells members to block any climate summit deal to curb fossil fuels

The head of the OPEC oil cartel, alarmed that nations gathered at the United Nations climate summit in Dubai are considering an agreement to phase out fossil fuels, has directed the group’s members to scuttle any deal that would affect the continued production and sales of oil, gas and coal.

extreme heat pushes gasoline prices

The heat behind the jump in gasoline prices

After months of stability, prices at the pump have jumped as hot temperatures hit refineries — and could boost inflation.
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Biden's 'unthinkable' options for punishing OPEC

Biden's 'unthinkable' options for punishing OPEC

Democrats and the White House are vowing a response to OPEC's production cut, but none of the options look particularly appealing.
Newsletter
U.S.-Saudi relations take a hit as OPEC cuts oil production

U.S.-Saudi relations take a hit as OPEC cuts oil production

Analysts say the decision by Saudi-led OPEC — and the Biden administration's reaction — underscores the depths of a widening rift between the countries.
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Biden releases more reserve oil and pushes companies to keep up production

Biden releases more reserve oil and pushes companies to keep up production

U.S. officials have been in talks with oil-producing countries in an effort to prevent global oil prices from rising sharply.
Ostracized by the West, Russia finds a partner in Saudi Arabia

Ostracized by the West, Russia finds a partner in Saudi Arabia

The two oil-producing countries have extended their partnership even as the United States and Europe have sought to punish and isolate Russia for invading Ukraine.
Farhad Manjoo: I feel utterly hopeless about American climate policy

Farhad Manjoo: I feel utterly hopeless about American climate policy

Democrats probably won’t get another chance to pass climate legislation anytime soon.
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