Energy

Venezuela’s oil industry is shifting — but it can’t offset disruptions caused by war in the Middle East.

China had more than a billion barrels of crude oil in reserve when the war in Iran disrupted the market. The country has also spent years diversifying its energy sources and accelerating electrification.

Brent Crude? West Texas Intermediate? What’s the difference?

As war in the Middle East disrupts global supply, governments are urging individuals to conserve — even as most energy demand comes from industry and transportation.

Catherine Rampell of The Bulwark and MS NOW talks about what demand destruction is and why it matters.

Businesses are passing costs on to customers, consolidating packages and, in some cases, taking shipping into their own hands.

Petrochemicals derived from oil sit on store shelves in the form of plastics, fertilizers, detergents, and packaging.

Federal regulations have raised fuel efficiency over the decades, even though the Trump administration and Congress have recently rolled those rules back.

WTI, Brent and Dubai oil are the three major oil benchmarks that serve as reference prices for traders. Meanwhile, the sourness or sweetness of the oil dictates how complex the conversion process will be.

“Marketplace” host Kai Ryssdal talks with the CEO of Radiant Nuclear about trying to make portable microreactors for data centers, military bases, and more.