An oil tank at Hungary’s Duna Refinery, which receives Russian crude oil through the Druzhba pipeline.
Attila Kisbenedek/AFP via Getty Images
Former Soviet bloc nations have reason to worry about an embargo on Russian oil, but Europeans are finally recognizing the true costs of their longstanding energy dependence on Russia.
Illegal oil refineries are operated by oil thieves in the Niger Delta region of Nigeria.
Pius Utomi Ekpei/AFP via Getty Images
The illegal refinery process ignores all environmental, health and safety procedures and can have catastrophic consequences.
Bianca de Marchi/AAP
Estimates suggest a 10% jump in the price of petrol pushes down demand for petrol 3%. In the past 14 months, the price has jumped 50%.
All in: Vladimir Putin.
Most of the emphasis has been on the threat to Europe’s gas needs, but if Russian crude oil is restricted, it will cause even greater problems.
Ghana’s economy is in dire straits.
Ghana’s economy is in its most precarious state in decades.
Petrol prices reflect lots of elements not just crude oil wholesale cost.
Petrol prices might not drop back to previous levels as stations look to recoup increasing business costs.
The US Strategic Petroleum Reserve is the largest in the world.
AP Photo/U.S. Department of Energy
Biden ordered the release of 50 million barrels of crude oil to tamp down rising gas prices, the largest drawdown in the reserve’s history.
Oil and trouble.
Crude is key to inflation. Here’s why has it been going up so much.
An oil tanker passes fishermen as it moves through a channel in Port Aransas, Texas, in May 2020.
(AP Photo/Eric Gay)
Irving Oil is transporting Canadian crude oil by tanker through the Panama Canal and the Gulf of Mexico to its Saint John refinery in an effort to offset any impact COVID-19 might have on its supply.
Oil from a ruptured pipeline is vacuumed from a creek near the near the Kalamazoo River in Michigan, July 2010.
(AP Photo/Paul Sancya)
No one wants an oil spill in their backyard. Yet to understand the real-world fate and effects of diluted bitumen — a Canadian oil sands product — that’s exactly what some scientists did.
Investors who think oil is a good long-term bet should read this first.
Sulfur pollution causes respiratory health problems.
Hung Chung Chih/Shutterstock.com
Sulfur contaminates gasoline and coal, and when these fuels are burned, sulfur dioxide is emitted, causing pollution and respiratory issues. Now there may be a new, cheaper way to remove it.
A weaker domestic economy could limit Trump’s options.
AP Photo/Andrew Harnik
Trump may find it harder to maintain support for his escalating tariffs on China if the US economy shows further signs of weakness.
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.
Fracking was on the ballot in Colorado’s midterm elections.
AP Photo/David Zalubowski
Big oil and gas companies spent far more fighting this ballot initiative than the measure’s supporters did.
Sockeye salmon need strong hearts to migrate long distances. An oil spill could hurt their survival.
(AP Photo/Gary Stewart, File)
Pacific salmon are ingrained in the culture and economy of Canada. They are also a key link between ocean and land. But what happens if a pipeline failure contaminates their habitat?
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.
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?
The first years of the millennium were kind to government finances. A benign economic environment, and a once-in-a-century commodity boom fuelled by Chinese growth, helped the Federal budget to a cumulative…
Oil-enriched kingdom: Saudi Arabia’s Shaybah oilfield complex at night in the Rub’ al-Khali desert.
American consumers may welcome lower gas prices, but the drop in oil revenues could impact Arab Gulf states and Middle East security. A scholar examines the realities of decreased oil revenues.