CSIS energy experts Frank Verrastro and Guy Caruso provide an update on the current Venezuelan political crisis and its impacts on global oil supplies in an environment of increased sanctions and declining production.

Tropical Storm Harvey came ashore for a second time yesterday, east of Houston along the Texas-Louisiana coast. Downgraded now to a tropical depression with reduced winds, the rain bands nonetheless pounded Port Arthur and Beaumont, continuing to shutter refineries and...

OPEC’s rollover deliberations have become more complicated and perhaps more urgent after both market fundamentals and sentiment reversed last week. At the start of the week, industry optimism on the oil price outlook was upbeat, but within days, oil prices had fallen to...

In September, in a concerted effort to stem the fall in oil prices and accelerate the rebalancing of the global market, the Organization for Petroleum Exporting Countries (OPEC) announced the “Algiers Accord.” The accord called for OPEC members to freeze production...

Oil price movements over the few past weeks continue to mirror a now familiar modulating trend of alternating mini-rallies followed by more sobering corrections. The fundamentals of resilient supply, enormous stock overhangs, and questionable demand growth wage a constant...

The first four months of 2016 have seen both a decided shift in market sentiment and now increasingly the sense of supportive fundamentals, not the least of which involve a rash of supply disruptions—some planned, some unexpected, both large and small. Somewhat...

Some three weeks into the New Year, oil and gas markets, companies, and lenders are clearly off to a turbulent start, in many ways continuing trends we’ve witnessed for the last year. Since August of 2014 (see CSIS Energy...

Last Wednesday, the House of Representatives adopted the Bipartisan Budget Act of 2015. Early Friday morning, the Senate followed suit. Passage of the measure generates revenue to allow an increase in the debt ceiling (to next March) and fund the federal budget through...

 The rapid drop in oil prices over the past six months has spawned a wide range of (at times, conflicting) conspiracy theories on how and why oil prices are falling. While these theories are creative and intriguing, we contend that market watchers would be far better...