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Stories Tagged as

Oil prices

How rising oil prices make gasoline more expensive

by Justin Ho
Mar 7, 2022
Gas prices are based on oil prices, and traders are getting nervous about a potential ban on imported Russian oil.
Gasoline prices have surged along with the price of crude oil. The war in Ukraine has raised the possibility of a ban on imports from Russia, which could squeeze the global supply.
Mandel Ngan/AFP via Getty Images
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A Warmer World

$100-a-barrel oil may soon be a reality — and stick around

by Andy Uhler
Jan 19, 2022
“It is ultimately about supply and demand,” one expert says. And COVID-19.
High oil prices mean high gas prices. The costs at the pump may not go down anytime soon.
Justin Sullivan/Getty Images
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Biden administration considers its options as gas prices rise

by Justin Ho
Nov 18, 2021
Officials are considering releasing oil from the strategic reserve. They’re also pushing the FTC to investigate possible price gouging.
There are several factors that go into why the price for gas can be so different from country to country.
Justin Sullivan via Getty Images
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To drill or not to drill, that is the question with oil at $80 a barrel

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

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

by Scott Tong
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
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How Texas weather disruptions will ripple through oil supply chain

by Justin Ho
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
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OPEC has to decide whether it will continue to curb oil output

by Andy Uhler
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
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COVID-19

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

by Justin Ho
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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COVID-19

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

by Scott Tong
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
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