Donald Trump doesn’t like high oil prices. Oil cartel Opec does. But it doesn’t matter what either of them wants – they don’t control the oil price. John Stepek explains what does.
Recent Oil articles
A tweet from Donald Trump in favour of lower oil prices has put the cat among the pigeons.
Protesters claim that fracking for gas and oil is not worth the risks. Producers argue the rules are too restrictive. Who’s right? And does the industry have a future? Simon Wilson reports.
The oil price has risen by nearly 25% so far in 2019, well in advance of any developed-world stockmarket. But the surge may not get a lot higher from here.
The oil price has risen by 20% this year – far outstripping the stockmarkets. John Stepek looks at the reasons for its rise, and what might happen from here.