Oil-producing countries face severe financial and political risk as the world transitions away from oil.
As oil prices jump to 13-month highs, OPEC+ has opportunity to unwind its deep production cuts.
Lebanon's electric sector reform remains on hold as it explores using Iraqi high sulfur fuel oil in its aging power plants.
In a sign of the times, ExxonMobil has been replaced on the Dow Jones Industrial Average by tech company Salesforce.
The rosy outlook for plastics, one of the oil industry's most promising growth markets, is starting to sour.
The Dakota Access pipeline shutdown could remove 570,000 barrels per day of takeaway capacity from the Bakken shale formation.
Iran has announced a new oil pipeline project that would allow it to bypass the Strait of Hormuz
With global demand perhaps permanently scarred from the pandemic, the U.S. oil industry may have already peaked.
A growing number of analysts argue that the worst is over for oil, but demand remains substantially lower.
Oil's collapse must force a reckoning for Saudi Arabia, which has long relied on oil revenue to hold its economy together.