Oil

Demand for oil is falling so quickly that even a reduction in supply will take some time to affect markets.

A historic plunge in demand during the global pandemic has pushed U.S. average gasoline prices to $1.91 a gallon.

The Permian Basin region, anchored by the towns of Midland and Odessa, has survived past shakeouts, but some think this could resemble the crash of the 1980s.

Low oil prices affect all producer nations. Each has different vulnerabilities.

Nervous traders are selling oil contracts first and asking questions later.

A George Washington University professor emeritus explains the consequences of 40 years of sanctions.

A string of recent oil tanker attacks is leading the industry to take extra precautions and raise shipping and insurance rates.

Demand for oil is growing, but barely; it’s at the lowest rate in a decade.

Problems like shallow shipping channels are one reason the U.S., despite being the world’s biggest oil producer, is not its biggest exporter.

It wouldn’t change much at the pump — at least here at home.