The future looks bleak.
The world's most oil-abundant nation is heading for energy consumption levels not seen since the 1990s.
It's too soon for South Africa to start counting its chickens over the recent offshore gas find by global energy giant Total.
Ford’s F-150 trucks are more popular when gas costs less.
AP Photo/Carlos Osorio
Drivers buy less gas when filling the tank burns holes in their wallets.
Saudi Minister of Energy, Industry and Mineral Resources Khalid Al-Falih.
AP Photo/Ronald Zak
The oil-exporting organization may have mustered the political will to cut production, but its disunity remains intact.
Over 99 percent of today’s plastics come from oil, but new bio-based options are becoming available.
Icons by Vectors Market, Freepik and srip
One big problem with plastics is that they're largely made of petroleum. Sourcing bio-polymers from plants and bacteria has some big benefits – and the technology is starting to take off.
Australia currently keeps only a fraction of the fuel it needs in reserve.
Australia depends on imported fuel to keep running. We never got around to setting up an official reserve, and that means we're already at risk.
belfastlough via Shutterstock
It may be just as well the UK government scrapped its previous carbon capture competition.
The Navy converted to oil from coal a few years before the U.S. entered World War I, helping to solidify petroleum’s strategic status.
Naval History and Heritage Command
Before World War I, petroleum had few practical uses, but it emerged from the war as a strategic global asset necessary for national stability and security.
A family catches Mardi Gras beads during the Krewe of Thoth parade down St. Charles Avenue in 2000.
Each Mardi Gras, 25 million pounds of beads hit the streets of New Orleans. One researcher went to the Chinese factories that make them – and spoke to the workers who believe the beads will be given to royalty.
Are OPEC’s cuts all smoke?
Hasan Jamali/AP Photo
To see why, one must only consider the core economic principle of supply and demand.
BP’s Etap platform, 100 miles east of Aberdeen.
The case for dismantling and recycling oil rigs is far from clear cut.
South African consumers are paying far too much for petrochemicals products.
Raging debates about the state of South Africa's energy industry have missed one critical area, the role of transport fuels and base chemicals.
Cover of The Silent Minaret.
The protagonist in the novel ‘The Silent Minaret’ gets us to question that powerful political-cultural myth of being tied to nation. That is a remarkable achievement in fiction.
Barrels in Nigeria used for transporting oil to communities.
It is important to nurture local companies and increase domestic participation in Africa's emerging oil economies.
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?
Will oil ever bounce back?
Mikael Tigerström / Flickr
What will be the economic and political fallout as oil continues its slide toward $20 a barrel?
Even oil and gas companies have now started calling for a global carbon tax.
Even oil companies have started asking for a price on carbon, not least because it could help them avoid other, stricter forms of regulation.
Nigeria’s newly appointed government ministers attend their swearing-in ceremony in Abuja.
No-one imagined that it would take Muhammadu Buhari more than 100 days to form a cabinet. But, then again, Nigeria is no ordinary country and it has its own inherent logic.
Shell chief Ben van Beurden is pointing the way for oil companies to demand greater certainty over future climate policy.
In a speech last Thursday at International Petroleum Week – one of the biggest events on the industry’s calendar – Ben van Beurden, chief executive of Royal Dutch Shell, argued that big energy companies…
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…