As renewed chaos grips the oil market, China is reaping the benefits of electric vehicles. But Australia’s reliance on diesel leaves it exposed.
Articles on Crude oil
Displaying 1 - 20 of 50 articles
Western Australia could be home to the country’s newest large-scale oil refinery, if a government proposal goes ahead.
Suspending the federal gas tax, which would require Congress to agree, would drop gas prices only about 4% – less in high-cost states like California.
As US gas prices climb, politicians are looking at ways to lower them. An economist breaks down what does − and doesn’t − move the number on the sign at the gas station.
Just a tiny fraction of the plastic Australia uses each year gets recycled. This year’s oil shock could cause a rethink.
Fertilizer is more expensive and in shorter supply. Without the right amounts of fertilizer at specific times, yields drop, food prices increase and food shortages result.
US consumers, already feeling pain at the gas pump, can expect higher prices and prolonged shortages for goods of all sorts, including food, as additional consequences of slowed oil production.
It’s highly unlikely Australia will end up with no diesel. But if what is available becomes extremely expensive, the whole economy – and all of us – will feel it.
Petrochemicals derived from oil and fossil fuels underlie the production of many consumer goods − and many you wouldn’t know from looking at the final product.
After decades of hostility, Venezuela’s support became crucial to Cuba’s survival.
Turmoil in markets has added another layer of complexity to the outlook for interest rates.
The closure of the Strait of Hormuz would have potentially devastating flow-on effects for oil supplies and prices in Australia.
Oil’s importance to South Sudan’s economy is often exaggerated – the bigger challenge facing Juba is its inability to secure new loans.
Alaska produces a lot of crude oil, but many of the state’s utilities, businesses and homes run on natural gas, which is in dwindling supply near population centers.
Donald Trump says he is a big fan of oil and gas. His actions may not be of great interest to the industry. And the results may not be what he says he wants.
The US produces more oil today than any other country, and there is no clear emergency on the scale of the energy crises of the 1970s. But there are some causes for concern.
Nigeria’s President Bola Tinubu has introduced far-reaching economic reforms. They are unlikely to improve the living conditions of Nigerians in 2025.
Uganda needs to focus on production sharing, infrastructure development and export timing.
Dangote refinery will reduce Nigeria’s dependence on imported petroleum products and create jobs. But it may not be the best for the environment.
Experts explain why there might not be much to celebrate and proffer solutions.
Top contributors
-
Assistant Professor of Economics, Georgia Institute of Technology
-
Postdoctoral Fellow, Center for Presidential History, Southern Methodist University
-
Professor of Economics & Business, Allegheny College
-
Senior Lecturer in Finance, Macquarie University
-
Lecturer in International Studies, University of Washington
-
Research Fellow, The University of Queensland
-
Professor of Middle Eastern Studies and Public Policy and Director of the Interdisciplinary Studies Institute, UMass Amherst
-
Associate Professor of Sociology, Colorado State University
-
Associate professor, University of Guelph
-
Associate Professor of Business, Boston University
-
Associate Professor of Sociology; Co-Founder, Center for Environmental Justice at CSU, Colorado State University
-
Distinguished Professor of History and Environmental Studies, Penn State
-
Professor and Founding Fellow at the MacEachen Institute for Public Policy and Governance, Dalhousie University
-
PhD Candidate in Biology, Spec in Chemical and Environmental Toxicology, L’Université d’Ottawa/University of Ottawa
-
Professor of Economics, Rose-Hulman Institute of Technology