Oil infrastructure limits ability of U.S. to quickly ramp up exports

Sep 16, 2019
Problems like shallow shipping channels are one reason the U.S., despite being the world's biggest oil producer, is not its biggest exporter.
Spencer Platt/Getty Images

OPEC fails to set a cap on oil output but prices still go up

Jun 2, 2016
The group overseeing 40 percent of the world's oil production is not agreeing on a policy.
Kuwait Oil Company workers change pipes on a drilling rig in 2003 on the northern border between Iraq and Kuwait in Kuwait. Kuwait is a member of OPEC, a group responsible for 40 percent of the world's crude oil. The group failed to agree on an oil cap Thursday.
Photo by Joe Raedle/Getty Images

President Obama heads to Saudi Arabia for summit amid tensions with the country

Apr 19, 2016
At the Gulf Cooperation Council summit meeting, Iran and regional security are concerns.
President Obama at a meeting with King Salman in January of last year. When asked in a recent interview with The Atlantic if the Saudis are America's friends, the president said, "It's complicated."
SAUL LOEB/AFP/Getty Images

Saudi Arabia to create huge investment fund

Apr 1, 2016
Saudi Arabia wants to get out of the oil business, into other businesses
A picture taken on January 17, 2016 in the Saudi capital Riyadh shows a giant poster on a building bearing a portrait of Saudi King Salman bin Abdulaziz (C), Crown Prince and Interior Minister Mohammed Bin Nayef (L) and Deputy Crown Prince and Defence Minister Mohammed Bin Salman.