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OPEC

Pipes at the landfall facilities of the 'Nord Stream 2' gas pipeline are pictured in Lubmin, northern Germany

The invasion in Ukraine could mean less reliance on energy from Russia, analyst says

Energy

Russia currently supplies about 40% of Europe’s natural gas. Gregory Brew, who studies energy policy at Yale University, says that the Russian invasion into Ukraine has triggered “a crisis in longterm European energy security.”

Customers wait while a fuel dispenser machine is fixed at a gas station in Caracas, Venezuela, April 23, 2020.

Doctors wait hours to fill tanks as Venezuela faces fuel shortages

COVID-19
Qatar's Minister of Energy Mohammed al-Sada speaks on a panel

Qatar is leaving OPEC. Other countries could follow.

Houston gas prices

While the drop in oil prices is a short term boom, there are reasons for concern in the US economy

Economics
Oil tankers in Russia

The decline in oil prices will put the squeeze on Iran and Russia — and give a jolt to American consumers

Business
Gasoline shortages prompted by the Arab Oil Embargo hit this station near Interstate 5 in Oregon in October, 1973. The embargo roiled the US economy through the winter of 1973-74, before it was lifted on March 17, 1974.

40 years after the Arab oil embargo, America still loves its petroleum

Environment

40 years ago this month, the Arab oil embargo of 1973-74 finally came to an end. The embargo was a bigshock to the US economy and brought promises of big changes in America’s energy use. So what became of those promises?

Gasoline shortages prompted by the Arab Oil Embargo hit this station near Interstate 5 in Oregon in October, 1973. The embargo roiled the US economy through the winter of 1973-74, before it was lifted on March 17, 1974.

40 years after the Arab oil embargo, America still loves its petroleum

Environment

40 years ago this month, the Arab oil embargo of 1973-74 finally came to an end. The embargo was a bigshock to the US economy and brought promises of big changes in America’s energy use. So what became of those promises?

Dropping fuel prices good and bad

Environment

The drop in gas prices is good news for consumers, but spells trouble for global warming and international stability.

Tension in OPEC as oil prices rise and Saudi Arabia raises concerns

Environment

Saudi Arabia says that it wants OPEC to increase oil production to keep the price of oil down. Some think that high oil prices could, in fact, threaten the global economy.

World energy prices decline

Environment

Crude prices fell below $70 dollars a barrel for the first time in 14 months — a 15% decline in value from just three months ago.