Petrol prices have spiked, forcing governments to step in to reduce costs. But will the rising prices actually force drivers out of their cars, reducing consumption and carbon emissions?
Buyers are avoiding Russian oil in response to the war in Ukraine. Can smaller producers leverage this moment to strike favorable deals with big oil companies?
Price shocks are a feature of the global oil market, not a bug – and even when governments take many steps to grow supply or reduce demand, it can be years before prices ease.
Oil revenues are crucial to Russia’s economy. The US only accounts for a small fraction of them, so banning Russian oil imports has mainly symbolic value.
Oil supply is very tight, and the current geopolitical crisis involving Russia, one of the world’s largest oil producers, has pushed prices over the edge.
Russian President Vladimir Putin has used his country’s massive energy reserves effectively for political influence. But with war in Ukraine, nations are looking for ways to cut those ties.
Russia is one of the world’s top three oil producers and a major oil exporter. How will it, and global oil markets, respond if its wealthiest customers turn off the tap?
The Biden administration hopes the threat of harsh sanctions from a united West will deter Putin from invading Ukraine. But Russia has a long history of using energy to divide the US and Europe.
Photos from the early 1900s show LA’s forests of oil derricks. Hundreds of wells are still pumping, and research shows how people living nearby are struggling with breathing problems.
Burning leaded gasoline releases toxic lead into the environment, and for 100 years people around the world have been dealing with the health effects. How did a century of toxic fuel come to be?