Tag
OPEC
![Russian Oil Price Cap, EU Ban Aim to Limit Kremlin War Chest Russian Oil Price Cap, EU Ban Aim to Limit Kremlin War Chest](https://thediplomat.com/wp-content/uploads/2022/12/sizes/thumbnail/thediplomat_2022-12-05-143039.jpg)
Russian Oil Price Cap, EU Ban Aim to Limit Kremlin War Chest
By David McHugh
Western leaders are walking a fine line between trying to cut Russia's oil income and preventing an oil shortage that would cause a price spike and worsen inflation.
![Shock Saudi Move Causes Historic One-Day Plunge in Price of Crude Oil: What Next? Shock Saudi Move Causes Historic One-Day Plunge in Price of Crude Oil: What Next?](https://thediplomat.com/wp-content/uploads/2017/04/sizes/thumbnail/thediplomat_2017-04-13_15-44-27.jpg)
Shock Saudi Move Causes Historic One-Day Plunge in Price of Crude Oil: What Next?
By Ankit Panda
Early on Monday, Brent crude fell by more than 20 percent, dropping to levels unseen since 2015-2016.
![Will OPEC Ease Production Cut Agreement Early? Will OPEC Ease Production Cut Agreement Early?](https://thediplomat.com/wp-content/uploads/2017/04/sizes/thumbnail/thediplomat_2017-04-13_15-44-27.jpg)
Will OPEC Ease Production Cut Agreement Early?
By Catherine Putz
OPEC and non-OPEC oil majors meet later this month to decide on ending production cut scheme early
![Shale to the Chief: Russia and Saudi Arabia’s Great Oil Game Shale to the Chief: Russia and Saudi Arabia’s Great Oil Game](https://thediplomat.com/wp-content/uploads/2018/02/sizes/thumbnail/thediplomat-putin-salman.jpg)
Shale to the Chief: Russia and Saudi Arabia’s Great Oil Game
By Nicholas Trickett
To be frank, Saudi Arabia is setting a steady course, Russia is falling behind, and China will benefit no matter what.
![Asia's Energy Security Future: The Geopolitical Dimension Asia's Energy Security Future: The Geopolitical Dimension](https://thediplomat.com/wp-content/uploads/2018/02/sizes/thumbnail/thediplomat-malacca_malaysia_malacca-straits-mosque-09.jpg)
Asia's Energy Security Future: The Geopolitical Dimension
By Niharika Tagotra
Asia’s oil demands are set to boom and security concerns could multiply as well.
![The Global Oil War Rages On With OPEC Cut Deal Extension The Global Oil War Rages On With OPEC Cut Deal Extension](https://thediplomat.com/wp-content/uploads/2017/04/sizes/thumbnail/thediplomat_2017-04-13_15-44-27.jpg)
The Global Oil War Rages On With OPEC Cut Deal Extension
By Catherine Putz
OPEC and major non-OPEC producers agreed to extend the December 2016 production cut deal through 2018.
![Kazakhstan Disappoints on OPEC Promise Kazakhstan Disappoints on OPEC Promise](https://thediplomat.com/wp-content/uploads/2017/04/sizes/thumbnail/thediplomat_2017-04-13_15-44-27.jpg)
Kazakhstan Disappoints on OPEC Promise
By Casey Michel
Mixed reporting casts doubt on how seriously Astana takes its oil production cut promises.
![Kazakhstan Breaks Oil Production Cut Promise Kazakhstan Breaks Oil Production Cut Promise](https://thediplomat.com/wp-content/uploads/2017/04/sizes/thumbnail/thediplomat_2017-04-13_15-44-27.jpg)
Kazakhstan Breaks Oil Production Cut Promise
By Catherine Putz
The promise was symbolic, anyway.
![What Does ASEAN Think About OPEC's Cuts? What Does ASEAN Think About OPEC's Cuts?](https://thediplomat.com/wp-content/uploads/2015/05/sizes/thumbnail/thediplomat_2015-05-07_18-35-10.jpg)
What Does ASEAN Think About OPEC's Cuts?
By Ling Han
Signs indicate that it is too early for optimism.
![Is a Winter Oil Production Freeze in the Works? Is a Winter Oil Production Freeze in the Works?](https://thediplomat.com/wp-content/uploads/2016/10/sizes/thumbnail/thediplomat_2016-10-03_16-29-48.jpg)
Is a Winter Oil Production Freeze in the Works?
By Catherine Putz
OPEC promises a plan November 30, but in the meantime members and non-members dither on cuts and freezes.
![Kazakhstan to Attend the Doha Oil Summit Kazakhstan to Attend the Doha Oil Summit](https://thediplomat.com/wp-content/uploads/2016/04/sizes/thumbnail/thediplomat_2016-04-05_20-23-45.jpg)
Kazakhstan to Attend the Doha Oil Summit
By Catherine Putz
At least Astana will be in the room where it happens.
![Kazakhstan Among the Oil Giants Kazakhstan Among the Oil Giants](https://thediplomat.com/wp-content/uploads/2015/09/sizes/thumbnail/thediplomat_2015-09-08_11-26-56.jpg)
Kazakhstan Among the Oil Giants
By Catherine Putz
Astana’s oversized dependence on oil has put the country’s economy at the whims of a merciless global oil market.
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