Oil execs ponder a future without oil as they gather in Houston

Dec 7, 2021
We won't stop using fossil fuels right away, but the transition to renewable energy could be tricky.
A poster of an offshore drilling station at the World Petroleum Congress, where the oil industry is discussing its role in the future of energy.
Brandon Bell via Getty Images

Why politicians have little sway over gas prices

Aug 12, 2021
In an attempt to moderate gas and oil prices, Biden has asked OPEC to increase production, despite it being a function of market forces.
Gas prices near $6 a gallon at a Shell station on July 12 in San Francisco.
Justin Sullivan via Getty Images

Some traders bet on oil hitting $100 per barrel as economies thaw

Jun 8, 2021
Demand is picking up as more and more people resume their normal lives after vaccination.
With more people on the move as economies reopen, oil prices will keep going up if demand outraces supply.
Paul Ratje/AFP via Getty Images

Global rebound drives crude oil higher

Mar 8, 2021
With West Texas Intermediate selling above $60 a barrel, drilling and pumping oil is profitable in the U.S. Permian Basin.
In the fall, the global economy came out of COVID-19 hibernation, and demand for oil and gas began to outstrip supply.
Christopher Furlong/Getty Images

How Texas weather disruptions will ripple through oil supply chain

Feb 17, 2021
Even after the weather starts improving, this crisis' effects are likely to linger and be felt far beyond the Lone Star State.
The Gulf Coast handles roughly half of the U.S.'s oil refining capacity.
Andrew Caballero/Reynolds

Oil profits drop as companies feel pandemic, carbon pressure

Feb 4, 2021
More than 500 oil- and gas-related firms have declared bankruptcy. The survivors are focusing on efficiency, and some plan a transition.
Oil and gas companies are grappling with uncertainty as they look to the future.
Leon Neal/AFP via Getty Images

The name of the game in West Texas oil and gas these days: consolidation

Dec 22, 2020
The Diamondback-QEP deal demonstrates the urge to merge while energy prices are weak.
Rail cars carrying crude oil near Odessa, Texas. Sluggish markets are driving companies to find partners.
Paul Ratje/AFP via Getty Images

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OPEC delays and spending cuts: Uncertainty abounds in the oil and gas industry

Dec 1, 2020
OPEC and its allies are having trouble coming to an agreement, because individual countries see thing differently.
The Brega oil port in Libya in September.
AFP via Getty Images

"Flaring" is an environmental problem. What will stop oil companies from doing it?

Aug 24, 2020
It's often cheaper to burn off the natural gas than it is to sell it.
When oil producers deliberately burn natural gas, the process is called flaring. It can be a money-saving technique but has consequences for the Earth's climate.
Emiliano Lasalvia/AFP via Getty Images

Texas regulators want oil companies 'flaring' less gas

Aug 6, 2020
Burning excess natural gas can be less costly than figuring out a way to use it, but the practice spurs climate change and hurts air quality.
A gas flare burns at a Permian Basin plant. A study found that companies in the region  wasted $750 million worth of natural gas in 2018.
Spencer Platt/Getty Images