July 14, 2022
US President Joe Biden is visiting Saudi Arabia, where he hopes to persuade Saudi and Emirati leaders to increase the production of oil in a bid to bring gas prices down. The US is a top oil producer, along with Saudi Arabia and Russia. But the Saudis have two things the US doesn't: a unique capacity to quickly ramp up production and a leading role in the OPEC group of oil producers (and OPEC+, which extends to Russia and others). Here's a look at how US oil production stacks up against what the Saudis and Russians are pumping.
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In his latest Quick Take, Ian Bremmer examines the stability of US-China relations and why he believes the period of relative calm between the two countries may be coming to an end.
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A man holds up a Venezuelan flag while taking part in a march calling for amnesty for political prisoners and to mark Youth Day, in Caracas, Venezuela, February 12, 2026.
REUTERS/Maxwell Briceno
US-backed negotiations are opening a possible path to democratic elections in Venezuela – even as the country’s most popular opposition leader remains outside the room.
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