Any work to ease current shortages and price hikes while the Strait of Hormuz remains closed will take years and billions of dollars.
Articles on Oil industry
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Seven months into the US conflict with Iran, with no clear end in sight, the global oil market has now largely exhausted the safety measures that exist to keep a lid on petroleum prices.
The country, and the world, have been losing diesel refining capacity for many years and can’t just ramp up production to fill the shortages.
Industrial renewal coupled with social reforms could support a green transition away from carbon-intensive industries while narrowing social inequalities.
Oil companies are making massive profits and stockpiling cash, and holding off on changing their investment plans.
Cooking gas and diesel fuel are among the oil products whose supply levels have been affected already. Here’s why to expect long-term shortages.
These projects amplify the green credentials of fossil fuel firms while leaving their core business model untouched.
Oil prices affect the US economy differently than in past decades. Nowadays, the US is less reliant on oil imports and uses less oil to produce more economic output.
Donald Trump said he would ‘unleash’ the country’s resources.
US oil companies have never stopped investing and operating in Venezuela’s petroleum industry, despite many changes in the terms of their engagement.
Industry leaders have objected to reversals of long-standing policies, and market forces are moving against the Trump administration’s hopes.
Because of the federal government shutdown and proposed budget, key federal investigations may stop, including into what happened at a Chevron refinery in California in October 2025.
The Edmonton Oilers are once again vying for hockey’s biggest prize. In some ways, religion scholars argue, the team’s fandom represents devotion to a way of life − and the oil industry.
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.
NOAA’s work has kept fisheries from collapsing, helped coastal ecosystems survive extreme heat and battled invasive species, among many other tasks essential to coastal economies.
A deep dive into 866 public companies and 1,413 carbon projects reveals some twists in who relies on cheap offsets and who chooses to cut their own emissions instead.
The Edmonton Oilers are more than a hockey team. In some ways, they symbolize devotion to a way of life − and one of Canada’s major industries.
Methane is a potent greenhouse gas that can leak from oil and gas wells, pipelines and landfills. Satellites can spot the releases fast enough to get them fixed and help protect the climate.
Not all activists are in the media spotlight, but they’re crucial to promoting action to slow climate change.
Top contributors
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Director, Energy, Climate Justice, and Sustainability Lab, and Research Professor, New York University; Tufts University
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Nonresident Fellow in Energy and Global Oil, Baker Institute for Public Policy, Rice University
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Professor, Environmental Studies Program at UC Santa Barbara
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Preceptor, College Writing Program, Harvard University
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Assistant Professor of Religion, Rice University
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Lecturer in International Studies, University of Washington
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Associate Professor of Environmental and Occupation Health, University of California, Irvine; University of Southern California
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Pro-Vice Chancellor: Global and Sustainability, Newcastle University
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Professor in Earth & Climate Science, University of Southampton
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Professor of Petroleum Engineering, The University of Texas at Austin
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Lecturer in International Relations, Coventry University
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Co-director, STEPS (Sustainable Transportation Energy Pathways), University of California, Davis
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PhD researcher, Durham Energy Institute, Durham University
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Professor of Marine Technology, Liverpool John Moores University
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Guest Teacher in International History, London School of Economics and Political Science