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Articles on OPEC

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Members of the Petroleum and Natural Gas Senior Staff Association of Nigeria protest over crude oil theft. Olukayode Jaiyeola/NurPhoto via Getty Images

Nigeria is producing less and less oil. Here’s why

Insecurity of assets and life with declining capacity for technical and market production are responsible for Nigeria’s low crude oil production.
A variety of factors have caused the U.S. inflation rate to increase over the past few years, from the pandemic to the war in Ukraine. Javier Ghersi/Moment via Getty Images

Inflation rates are rising in the US – an economist explains why

Rising inflation rates due to supply-side factors – COVID-19, Ukraine and supply chain shortages – make countering inflation difficult for the central bank.
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.
Protestors burnt trucks on the main road between the city port Durban in KwaZulu-Natal and South Africa’s industrial heartland. Photo by Darren Stewart/Gallo Images via Getty Images

The vulnerable points in South Africa’s fuel supply chain

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.
What goes up… Aku Alip

Will American shale oil go bust?

Oil prices are going through what some have termed Black April, but the bigger question is what happens longer term to US oil.
COVID-19 is resulting in dramatically decreased demand for gasoline and jet fuel, but it’s just the latest in a string of bad news for oil producers. (Shutterstock)

The coronavirus is just the latest blow to oil producers

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.
Gas prices usually rise heading into long weekends. The reasons behind wild oil price fluctuations, reflected at the pumps, is about a lot more than economics. THE CANADIAN PRESS/Jonathan Hayward

Understanding the rollercoaster ride of oil prices

Oil prices have little to do with supply or demand or even economic forces. Instead, it’s all about politics.

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