Biden administration considers its options as gas prices rise

Nov 18, 2021
Officials are considering releasing oil from the strategic reserve. They’re also pushing the FTC to investigate possible price gouging.
With consumers feeling inflation-fueled pain at the pump, the government has more options than dipping into oil reserves.
Justin Sullivan via Getty Images

To drill or not to drill, that is the question with oil at $80 a barrel

Oct 11, 2021
So far, big oil companies are in the "not" camp.
As the rally in oil prices continues, independent drillers are expanding their investments in Texas’ Permian Basin, but so far, industry giants are on the sidelines.
Paul Ratje/AFP via Getty Images

Oil prices are high. So why aren't U.S. oil producers drilling?

Jul 6, 2021
Two reasons: reluctant investors and potential regulations.
A natural gas drill at a hydraulic fracturing site on in Springville, Pennsylvania, in 2012.
Spencer Platt/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

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

OPEC has to decide whether it will continue to curb oil output

Nov 27, 2020
Ramping up production when demand is still weak could have major consequences on a relatively stable oil market.
Joe Klamar/AFP via Getty Images

Exxon's job cuts are another sign that the oil industry is still in a slump

Oct 30, 2020
Demand for oil has come back a bit, but it's still lower than it was before the pandemic.
Bruce Bennett/Getty Images

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As cases of COVID-19 climb, oil prices face a longer recovery

Oct 19, 2020
OPEC countries, plus Russia, met Monday amid fears that the next wave of the pandemic will pummel demand.
An Austrian soldier stands guard outside the OPEC headquarters in Vienna in 2016.
Joe Klamar/AFP/Getty Images

Trump tests positive for coronavirus; stocks, oil prices sink

Oct 2, 2020
U.S. stock futures and Asian shares fell Friday after the president said he and first lady Melania Trump had tested positive.
Trump tweeted news of his test results just hours after the White House announced that senior aide Hope Hicks had come down with the virus after traveling with the president several times this week.
Saul Loeb/AFP via Getty Images

Oil-rich countries have been hit hard by the pandemic. How can they move on?

Oil prices are still far below the break-even point for many producers in the Middle East.
Transitioning away from oil, for countries that depend on the industry, is easier said than done.
Joe Raedle/Newsmakers