Insecurity of assets and life with declining capacity for technical and market production are responsible for Nigeria’s low crude oil production.
Rising inflation rates due to supply-side factors – COVID-19, Ukraine and supply chain shortages – make countering inflation difficult for the central bank.
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.
Europe’s options of alternative sources of oil are limited,
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.
Russia’s invasion of Ukraine and resulting sanctions are causing oil prices to spike, which is putting more pressure on inflation and increasing the risk of recession.
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.
The glaring failure by authorities to secure an area notorious for attacks on trucks prompts questions about, at best, utter ineptitude, or at worst, complicity.
Crude is key to inflation. Here’s why has it been going up so much.
Oil prices are going through what some have termed Black April, but the bigger question is what happens longer term to US oil.
It is in Canada’s national interest to remain a significant player in the oil and gas production.
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.
Has the world entered an era of ultra-low prices? An energy scholar argues that a long period of low oil prices will set the U.S. – and globe – back on the economy and the environment.
From May 2, any countries buying oil from Iran can expect US sanctions.
Can a new government, perhaps by shoring up democracy and oversight, harness this commodity for peace and prosperity?
Drivers buy less gas when filling the tank burns holes in their wallets.
The oil-exporting organization may have mustered the political will to cut production, but its disunity remains intact.
Muhammad bin Salman is set on transforming the oil-rich kingdom into a modern, economically diverse superpower. It won’t be easy.
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’.