Congress is considering a bill that could punish countries for artificially boosting oil prices. What could that mean for warming ties between Russia and Saudi Arabia?
Organization of the Petroleum Exporting Countries (OPEC)
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Venezuela’s descent into economic and political chaos in recent years is a cautionary tale of the dangerous influence that resource wealth can have on developing countries.
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Western leaders have long criticized OPEC’s power to raise oil prices, but the bloc’s influence is on the wane as U.S. oil production has soared and alternative energies have come to the fore.
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Contentious OPEC meetings continue in Vienna, nationwide elections take place in Turkey, and outrage grows over the Trump administration’s family-separation policy.