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There's an oil market crisis even without sanctions on Russian exports

Mar 2, 2022
Brent crude rose above $113 a barrel Wednesday — the highest level in eight years.
Though oil prices have reached the highest levels in eight years, OPEC+ is choosing not to ramp up production.
Frederic J. Brown/AFP via Getty Images

Amid fracking boom, some drillers struggle to earn

Jul 11, 2019
Natural gas companies are struggling, in large part because the prices they’re selling at are so low.
Swallows fly past a high-pressure gas line crossing a canal in an oil field over the Monterey Shale formation where gas and oil are extracted using fracking near Lost Hills, California.
David McNew/Getty Images

The U.S. shale boom is big, but not an economic silver bullet

Nov 14, 2017
One front where the U.S. is closing its trade deficit: oil and gas. The International Energy Agency’s new World Energy Outlook forecasts astounding growth in U.S. shale oil production, a growth rate that rivals that of Saudi Arabia at its fastest. The agency said the U.S. will eventually sell more oil than it buys, and […]