Between tariffs roiling the global economy and OPEC putting more barrels on the market, prices have dropped significantly since January. That's good for consumers, and bad for oil companies.
More than three-quarters of U.S. wells make just 6% of the country's oil. They're called marginal wells because of their small output. But they're a big deal to oil producers and environmentalists.
President Trump is making energy a top priority on his first day in office, pledging to declare a national emergency – which no president has ever done before. The implications aren't clear.
President Biden has issued an executive order blocking drilling for oil in more than 625 million acres of U.S. ocean. It's the largest such move in history, but is almost guaranteed to be challenged under the incoming Trump administration.
Crude oil prices have risen as Iran and Israel trade attacks, but not as much as you might expect. One reason? OPEC+ could pump a lot more oil if it wanted to.
Pump prices having been falling all summer, and as Labor Day approaches, they're 47 cents lower than this time last year. Some analysts see $3 gasoline in our future.
Venezuelan President Nicolás Maduro's government faces a deadline this week — to commit to holding free and fair elections or face renewed U.S. oil sanctions.
For Guyana the potential wealth from oil development was irresistible — even as the country faces rising seas. Today on the show, host Emily Kwong talks to reporter Camila Domonoske about her 2021 trip to Guyana and how the country is grappling with its role as a victim of climate change while it moves forward with drilling more oil. (encore)
Want to more about how countries around the world are grappling with climate change? Write us at shortwave@npr.org to let us know — your suggestion might become a future episode!
Major oil companies are under pressure to invest more money in clean energy — but there's a big hurdle: It's still a hell of a lot more profitable to produce fossil fuels.
Business is pretty good in America's busiest oil patch. Prices are high enough to turn a profit and then some. But instead of going wild, producers have been aiming for something new: Discipline.
The decision at a meeting of oil ministers Sunday comes a day ahead of the planned start of two measures aimed at hitting Russia's oil earnings in response to its invasion of Ukraine.
Plans take effect next week that would ban most Russian oil imports from Europe and put a price cap on the oil going elsewhere. But Russia could still make money off oil to fund its war in Ukraine.
