Our over-reliance on oil has dangerous consequences. When you pay at the pump, your hard-earned cash isn’t just going to oil companies — it also fills the pockets of terrorists and hostile regimes that harbor dangerous ideologies. Read more
Under pressure from a collapse in oil prices, Deputy Crown Prince Mohammed bin Salman last April unveiled his Vision 2030 to transform the kingdom’s economy.
A bipartisan group of U.S. Senators introduced a wide-ranging bill Wednesday aimed at the crisis in Venezuela, calling for sanctions and demanding President Donald Trump step in to prevent a deal struck by Venezuela’s state oil company that might lead to Russian ownership of U.S. oil.
Norway and Australia are racing each other to show they can supply Japan with hydrogen, hoping to fulfill its ambition to become the first nation significantly fueled by the super-clean energy source.
It’s more than you think.
How is that possible? Let’s break it down.
Kuwait’s in the best position of major oil exporting nations in the Middle East, Africa and parts of Europe to have a balanced government budget this year with oil forecast to average $52.50 a barrel, according to Fitch Ratings Ltd.
A territorial dispute in northern Iraq threatens to disrupt oil output at a field containing as much crude as Norway, even as U.S.-backed forces prepare what could be a decisive blow against Islamic State militants in the nearby city of Mosul.
Mexican drug gangs can earn $90,000 in seven minutes from tapping a pipeline of refined oil, while insurgents in Nigeria financially benefit from a share of the third of the country’s refined oil exports that is lost to theft, says the Atlantic Council.
Norway said that electric or hybrid cars represented half of new registrations in the country so far in 2017, as Norway continues its trend towards becoming one of the most ecologically progressive countries in the world.