Articles on oil production

Displaying all articles

Demand for rail freight shipping is up, as trucking becomes more expensive. Both use diesel fuel, but trains are more efficient at carrying heavy loads long distances. Scott Olson/Getty Images

Trump speculates on diesel fuel export ban as high prices ripple across US economy

There’s not much diesel fuel lying around, and lots of people want to buy what is available, as well as what little is produced each day. It’s all a matter of supply and demand.
Traders at a market in Nakuru, Kenya. Oil price hikes will push up the price of food. Photo by James Wakibia/SOPA Images/LightRocket via Getty Images

Oil price surge is hurting African economies: scholars in Ethiopia, Kenya, Nigeria, Senegal and South Africa take stock

The universal fear is the effect the rise in prices is having on fuel, a staple commodity in every one of the countries for ordinary people as well as industries.
Gas prices are up, but other forces may limit the economic harm to the U.S. Frederic J. Brown/AFP via Getty Images

US is less prone to oil price shocks than in past decades

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.
Wet'suwet'en Chief Madeek reacts with his middle finger to protest the Royal Bank of Canada’s funding of the Coastal GasLink pipeline and other fossil fuel investments in Toronto in April 2022. THE CANADIAN PRESS/Nathan Denette

A Canadian senator aims to end the widespread financial backing of fossil fuels

Sen. Rosa Galvez has called for ambitious and coherent government intervention to address the risks financial institutions pose to climate. Here’s why Canadians must rally around her.

Top contributors

More