The economies of China, the U.S. and Europe will all be affected by the cartel’s move to boost energy prices.

Trouble in the banking sector is scrambling expectations of how much oil the global economy needs right now.

Small independent processors in China are being joined by larger Chinese refiners, driving prices higher.

Both Exxon Mobil and Chevron reported their most profitable quarters of all time during the calendar year. Sustaining that growth is more complicated.

The $60 price cap was designed to limit Russian oil revenues, while keeping the oil itself flowing to avoid a global price shock.

The small increase of 100,00 barrels a day may be a sign that the cartel thinks a recession is coming.

Why? It’s called the crack spread.

Shortages of labor and materials are making it hard to drill and maintain wells.

The discounted oil is cheap even once the risk of violating sanctions is factored in.

Gas stations are usually separate from the big oil conglomerates whose names they carry. Owners are often individuals with some control over what you pay at their pumps — but not much.