Newfoundland and Labrador’s offshore oil and gas industry is the province’s largest contributor to the economy and will be critically important to its future.
The federal government is spending $94 million to buy cheap oil. Instead, Australia should use the money to manufacture our own energy.
Helium plays an important role in breathing devices and it mostly comes as a by-product of petroleum production.
Alberta oil is the collateral damage of the oil war between Russia and Saudi Arabia, with COVID-19 launching an additional attack. The province's oil industry will struggle to recover.
The BP Deepwater Horizon blowout on April 20, 2010 triggered the largest offshore oil spill in history. Ten years later, post-spill reforms are being undone and the Gulf of Mexico remains vulnerable.
The US is gradually shifting to lower-carbon energy sources, but the COVID-19 pandemic, an oil price crash and a likely recession are big speed bumps.
COVID-19 is a huge challenge for the whole world, and Canadian oil producers, already suffering from long-term market trends, will be particularly badly hit.
Tensions between Iran and the US have spiked, but oil prices have barely budged. Why not? And is the oil markets' muted response an accurate reflection of the rising tensions?
To make sense of the Soleimani assassination, you need to look at the global economics of oil.
A fifth of the world's oil travels through the narrow waterway.
Drivers buy less gas when filling the tank burns holes in their wallets.
Vladimir Putin may well have something on Donald Trump. But their close ties could also be about oil prices and Trump's efforts to get Russia to ends it alliance with China.
Not only does U.S. law bar price-fixing, there are bipartisan efforts underway to make it possible to sue OPEC members in American courts for antitrust violations.
Oil prices have little to do with supply or demand or even economic forces. Instead, it's all about politics.
Our research on the oil cartel shows, that it really matters whether OPEC members 'failed to agree' or 'agreed to disagree'.
The connection between oil and arms trade is not a conspiracy theory.
Since the federal government started setting fuel economy standards, US-built cars have doubled their fuel efficiency, saving money for consumers and reducing pollution.
When the price collapsed, the world's most disastrously oil-dependent state was the biggest casualty.
Oil-dependent and led by a charismatic dictator with a chaotic economic policy, is Suriname the next Venezuela?
Saudi Arabia's economy is almost entirely dependent on oil. Here's how it's trying to change that.