Crude prices have risen over the past few weeks, after collapsing from $100 a barrel last summer to around $50 a barrel early this year. But as James Stafford writes, some predict prices could fall again later this year.
Iraqi oil production is growing, writes Nick Cunningham, even as Islamic State gains ground. The global glut of crude has insulated markets against geopolitical shocks, and the fall of Ramadi hasn't impacted production in Iraq's oil-rich South.
Azerbaijan has long been a key piece in the US's foreign policy puzzle, writes Nick Cunningham, and news that Congressmen traveled there at the expense of a state-owned oil company is the latest link between the countries.
OPEC mega-producer Saudi Arabia is boosting oil production to hold its market share, writes James Stafford, forcing US shale drillers to scale back production until prices rise.