The region's reserves are in very deep water and won't be tapped into any time soon.
The new movie 'Deepwater Horizon' depicts the blowout that triggered the 2010 BP oil spill in the Gulf of Mexico. A professor of petroleum engineering assesses what the film gets right and wrong.
The EU can't be too tough on Erdogan as it relies on his nation's pipelines and shipping routes.
Iraq's oil industry is a window into the troubled period that followed regime change.