Since the end of September, Brent Crude has been sliding — down to the $84-a-barrel range, more than a 10% decline in just over a week. This is also playing out at the pump, with gas down about eight cents a gallon in the last week.
Tight global supply raises costs for industry and motorists, but for now, the pain is milder than it was during price spikes decades earlier.
The cost to ship fuel has more than doubled since February.
The economies of China, the U.S. and Europe will all be affected by the cartel's move to boost energy prices.
Spare capacity has been overstated, says oil analyst Abhi Rajendran. Then there's the matter of isolating Russia.
We break down the numbers behind a barrel of oil with Amelie Carlton of Rice University.
This morning President Donald Trump turned his ire on OPEC: “OPEC is at it again,” he tweeted. “Oil prices are artificially Very High!” Sure, it’s convenient to blame someone for high gas prices. But the broader story — beyond the 280 characters that Twitter allows — is that something bigger is happening in the world oil […]
Some colleges are finding that students are not eager to enroll in oil and gas majors.
As chaos in Venezuela continues, the Trump administration has imposed sanctions on President Nicolás Maduro and is threatening an embargo on Venezuelan oil. But that could backfire: if Washington pushes hard enough, Venezuela could go belly up on its debt, and that debt is owned in large part by Russia and China. The U.S. doesn’t want […]