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In West Texas, astronomers worry about growing oilfield light pollution

Jul 9, 2021
A major Texas observatory is trying to convince oil and gas companies to minimize light pollution from drilling rigs and gas plants.
A view of McDonald Observatory in West Texas. Astronomers have grown concerned about light pollution from oilfield activity in the region, and the observatory has worked to educate companies on alternative “dark sky-friendly” lighting methods.
Damond Benningfield/McDonald Observatory

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

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

Can even a deal to cut oil production increase prices amid COVID-19?

Demand for oil is falling so quickly that even a reduction in supply will take some time to affect markets.
Many shale oil companies can operate profitably with prices so low.
Justin Sullivan/Getty Images

OPEC fights falling prices with production cuts

Dec 7, 2018
Analysts say OPEC's decision is less about raising prices, and more about stopping them from falling further.

Will the Saudi-Russian oil alliance hold as production cuts are mulled?

Nov 12, 2018
The price of oil is at its lowest in almost a year. Now officials from Saudi Arabia are suggesting they might cut supply to arrest the falling price. President Donald Trump on Monday said he hopes Saudi Arabia and OPEC don’t do that. It’s all a bit of a test for Saudi Arabia and its […]
Russian President Vladimir Putin shakes hands with Saudi Crown Prince Mohammed bin Salman during their meeting at the Kremlin in Moscow on June 14, 2018. 
Yuri KADOBNOV / AFP

The next year in oil could be hard to predict

Jan 9, 2018
As the Energy Information Administration forecast looks to 2019, experts see lots of wildcards that could impact the carefully played hands of oil and gas producers. Click the audio player above to hear the full story. 

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Dramatically different views emerge on the future of oil

May 24, 2017
OPEC nations meet this week to discuss cuts to oil production, as prices for crude remain in a slump. Price volatility, changes to car technology, and other major uncertainties are leading to widely divergent views on the future of oil – namely, whether the world will see a peak in demand anytime soon. Click the […]

Oil price slump has chilling effect on North Dakota

Mar 18, 2016
With drilling rig counts down 80 percent, the Bakken's economy suffers.
North Dakota has experienced a huge drop in the number of active drilling rigs over the past several years.
Andrew Burton/Getty Images

How can we tell if a recession is upon us?

Feb 9, 2016
New York Times senior economics correspondent Neil Irwin talks about the signs of a recession