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.
oil
Posted inNPR
Why a tiny bit of oil can be a big deal
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.
Posted inNPR
Biden makes an 11th-hour move to block coastal oil drilling
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.
Posted inNPR
Under Trump, an ‘all of the above’ energy policy is poised for a comeback
Trump promised to “drill, baby, drill.” What does that actually mean for the U.S. oil and gas industry – and other types of energy, too?
Posted inNPR
Tensions are rising in the Middle East, but the rise in oil prices is muted – so far
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.
