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Articles on oil crisis

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Several sites, such as this one near Freeport, Texas, store the hundreds of million of barrels in the United States’ Strategic Petroleum Reserve. Department of Energy via AP

Biden bets a million barrels a day will drive down soaring gas prices – what you need to know about the Strategic Petroleum Reserve

The total release could reach 180 million barrels over six months, which would make it the biggest in the history of the Strategic Petroleum Reserve.
On July 21, 2019, Iranian Revolutionary Guards patrolled near the British-flagged tanker Stena Impero, anchored off the Iranian port city of Bandar Abbas. Hasan Shirvani/AFP

The consequences of Qasem Suleimani’s death on the global energy market

The assassination of the Iranian general could have lasting effects on energy markets. Which countries could benefit from it and which could be negatively affected?
Gas guzzled: OPEC’s 1973 oil embargo threw America into crisis and underlined the political power of energy. David Falconer/Wikimedia Commons

Four decades later, has America finally got over the oil crisis?

The Australian Financial Review recently trumpeted America’s “re-emergence as a world oil power”. It is an accomplishment four decades in the making and its success is still under debate. Energy security…

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