Post-US/EU sanctions, energy markets aren’t panicking, there’s other supply & India’s macroeconomy can easily adjust In a change in tactics to end the Russia-Ukraine war, US has blacklisted two ...

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Angola’s president urged energy companies to boost investment in onshore oil fields to counter a sustained decline in crude production. “Onshore exploration must be stimulated and promoted,” João ...

Oil refiners in China have stepped up purchases of Russia’s flagship crude, seizing an opportunity to take discounted cargoes relinquished by India as Washington ramps up trade tariffs against New ...

Oil prices plunged to their lowest level since December 2021, with Brent oil falling 4% to $68.99 on Tuesday. Supply and demand issues, including a slowdown in China's economy, are pressuring prices.

The U.S. is a key player in the world of oil production, producing several key types of oil in 32 of 50 states, averaging 16.6 million barrels per day in 2023. This amounts to an annual production of ...

Most people understand that motor oil is a vital component for the internal combustion engines that power most of our cars. Not only does oil act as a lubricant, allowing internal moving parts to ...

High prices and growing demand have helped U.S. oil producers take in record profits despite global efforts to spur greater use of renewable energy and electric cars. By Rebecca F. Elliott Photographs ...

We may never run out of oil, though known reserves are expected to last for about 50 years, current estimates suggest. When you purchase through links on our site, we may earn an affiliate commission.

Like whale blubber, oil as a dominant source of energy will gradually be phased out over the next decades. Here's what that transition may look like. When you purchase through links on our site, we ...