esfera / shutterstock
When the price collapsed, the world's most disastrously oil-dependent state was the biggest casualty.
Surinamese’s President Desi Bouterse in 1996, speaking in front of a portrait of himself from back in his military strongman days.
Oil-dependent and led by a charismatic dictator with a chaotic economic policy, is Suriname the next Venezuela?
Saudi Arabia's economy is almost entirely dependent on oil. Here's how it's trying to change that.
OPEC’s leaders have less power at their fingertips these days.
OPEC's recent decision to cut supply is a classic move from the oil cartel playbook. But in today's era, there are many more players and game-changing technologies on the field.
The interventionist foreign policy of the Gulf states is increasingly at odds with their economic security.
Companies like Tesla, with batteries and electric cars, are disrupting traditional energy companies in Australia.
Energy companies shouldn't rely on government regulation to protect them from the growing disruption from renewables and increased consumer control.
OPEC can’t stop the flow.
OPEC has been declared dead in recent months as the group of oil-exporters has been unable to agree on a plan to stabilize the market. But was it really ever alive in the first place?
Not what they were: oil fields.
Gulf states such as Saudi Arabia and Qatar are beginning the painful process of restructuring their economies away from oil dependence.
Woodside’s Karatha Gas Plant on Western Australia’s northern coast.
AAP Image/Rebecca Le May
Woodside's deferral of its floating gas project in Western Australia is just the latest blow low oil prices have dealt the industry.
In 2015, gas prices fell below $2 per gallon in Moscow Mills, Missouri. The trend of low gas prices across the United States delay a signature Obama proposal to reduce emissions from cars and trucks.
Faced with stringent fuel economy standards but cheap gas, automakers may seek to delay CAFE rules. What's the best way to reevaluate these emissions-cutting rules?
Geopolitics – from the US to Syria to Iran – are at the heart of Saudi Arabia and Russia's decision to freeze oil production at January levels.
A worker at a Lukoil site in Siberia.
When you pick apart the strange economics of global energy markets, it becomes clear how the incredible power of Riyadh can take other countries to the brink.
While oil prices have halved over the past year, the number of mergers and acquisitions has most definitely not.
Oil prices are rattling investors.
Carsten ten Brink
The future does not bode well for global oil. This, however, is for reasons related to climate change, not because of tumbling prices.
There could be trouble ahead.
Oil exporters have had a tough year ... but there is hope for economic reform via the Islamic bond market.
A billboard campaigning against crude oil theft. Nigeria is under pressure from falling oil prices and China’s economic slowdown.
How should Nigeria weather yet another episode of oil price shock? This time it's likely to be worsened by two events of significant global effect.
Stored underground: a strategic reserve, or source of funds?
US Department of Energy
It's been done before but tapping the Strategic Petroleum Reserve – particularly when prices for oil are low – isn't the best way to fund the Highway Trust Fund.
The drop in oil has not sparked the nadir of green energy.
Contrary to economic theory, data shows that the latest drop in energy prices does not undermine investment in renewable energy.
Saudi workers have been given a pay bonus by their new king, but unless oil prices rebound the country will find itself eating into its US$750 billion sovereign nest egg.
In his first royal decree, Saudi Arabia’s newly crowned King Salman announced two-month bonuses for state employees, pensioners, students, and recipients of social service programs (that is, everyone in…