Smuggling in Uganda’s West Nile region is seen as an act of defiance – a way to make ends meet in the face of perceived state neglect.
Members of the Petroleum and Natural Gas Senior Staff Association of Nigeria protest over crude oil theft.
Olukayode Jaiyeola/NurPhoto via Getty Images
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
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
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.
The price of gas is soaring across the U.S.
AP Photo/Ashley Landis
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.
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.
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 glaring failure by authorities to secure an area notorious for attacks on trucks prompts questions about, at best, utter ineptitude, or at worst, complicity.
Oil prices are going through what some have termed Black April, but the bigger question is what happens longer term to US oil.
Canadian oil wells will likely continue to be shut down amid weak prices despite an agreement among major oil producers to limit output.
THE CANADIAN PRESS/Jeff McIntosh
It is in Canada’s national interest to remain a significant player in the oil and gas production.
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)
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.
Suffering from sanctions, Russia is trying produce more and gain market share.
Yegor Aleyev via Getty Images
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.
Muhammad bin Salman is set on transforming the oil-rich kingdom into a modern, economically diverse superpower. It won’t be easy.
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