The oil-exporting organization may have mustered the political will to cut production, but its disunity remains intact.
If Iranian crude exports decline further it could make oil and gas prices rise.
There's no precedent for selling oil from the Strategic Petroleum Reserve at a time when there's no market-driven reason for doing that.
Donald Trump is unmoved by high risks and wild odds, apparently feeling that his sheer cunning will always win, including, now, in geopolitics — his latest casino.
Even if Asia buys most of the natural gas the U.S. will be exporting soon, America's growing role in that market could wind up reducing Russia's political influence in Europe.
Saudi Arabia portrays itself as a leading supporter of humanitarian aid, especially to the Palestinians, but the country's leadership has an ambivalent strategy towards the Israel-Palestine conflict.
The question is no longer how to repel all threats. Instead, it's how can we organise ourselves as a society to remain ourselves in the face of these multiple threats.
Is the impact of refugees in the host country's economy positive or negative? The real question is really quite different: can the economy really do without refugees?
Now is the time for China to put its technological and diplomatic skills on display in its quest for superpower status.
The US secretary of state's visit to five African countries didn't have much to offer by way of investments and commerce.
The Erdoğan regime's move into northern Syria is being justified in the name of European security.
The governor of South Africa's Reserve Bank has been appointed to chair an important IMF committee. Countries in sub-Saharan Africa stand to benefit.
Congress mandates that each president produce a 'national security strategy.' What does Trump's reveal about his administration's values, priorities and prevailing problems?
China is reluctant to be more active in dealing with Pyongyang for fear of consolidating the US take over in the region.
The Trump administration's change of US policy toward Iran has reinforced hardliners' ambitions and nationalistic feelings, complicating an already difficult situation in the region.
Using the country's foreign policy to support national development will equip Indonesia to navigate geopolitical shifts.
In Afghanistan, geopolitics are thorny, relationships are key and patience is strategy. The US president has outlined a decent plan, but can he see it through?
The Trump administration has set a new national policy: energy dominance. But can the US really dominate other countries through fossil fuel exports?
The future of the relationship between the US and Russia depends on whether the Kremlin can find a way to interpret Trump's motives.
Before World War I, petroleum had few practical uses, but it emerged from the war as a strategic global asset necessary for national stability and security.