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 Petroleum
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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.
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.
The story of oil is focused on the US. But our oil-centred world was made through wider global relations.
For sheer abundance and ease of production of oil and natural gas, it simply doesn’t get any better than the Persian Gulf region.
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.
The process is similar to simmering a pasta sauce.
Native American lands contain 30% of the nation’s coal, 50% of its uranium and 20% of its natural gas, as well as copper, lithium and rare earth elements.
Industry leaders have objected to reversals of long-standing policies, and market forces are moving against the Trump administration’s hopes.
The closure of the Strait of Hormuz would have potentially devastating flow-on effects for oil supplies and prices in Australia.
Countries have promised to reduce their fossil fuel subsidies to fight climate change, but that’s harder to do than it sounds, as an energy law expert explains.
South Africa’s state-owned Central Energy Fund has paid five US cents, or one rand, for a huge oil refinery that isn’t in working condition. The public may have to foot the bill to clear up oil leaks.
A major report in the U.S. finds damning evidence of decades of deceit by American oil and gas companies. The situation in Canada is likely not much different.
Dangote refinery will reduce Nigeria’s dependence on imported petroleum products and create jobs. But it may not be the best for the environment.
A key issue for African countries is: how to contribute towards averting a climate disaster without compromising economic growth and development.
Disagreements and political considerations override the common good in managing Ghana’s petroleum sector
Insecurity of assets and life with declining capacity for technical and market production are responsible for Nigeria’s low crude oil production.
With accelerating climate change making the need to decarbonise clearer by the day, two oil-dependent countries weigh how to preserve and present their historical fossil fuel infrastructure.
Refinery closures in South Africa are shots fired in the long running contestation between the oil refiners and the government, which has been trying to introduce cleaner fuels.
Oil is used throughout the US economy. It goes into packaging, toys, clothing and especially the food we eat.
Top contributors
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Visiting Adjunct Professor, African Energy Leadership Centre, Wits Business School, University of the Witwatersrand
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Associate Professor, Adelaide Law School, Adelaide University
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Honorary Senior Lecturer in Chemical Engineering, University of Aberdeen
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Research Fellow, The University of Queensland
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Lecturer in International Studies, University of Washington
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Ghana National Petroleum Corporation (GNPC) Professorial Chair in Oil and Gas Economics and Management, University of Cape Coast
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Honorary Fellow, The University of Queensland
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Postdoctoral Fellow, Center for Presidential History, Southern Methodist University
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Senior Lecturer in Security Studies, Macquarie University
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Founder & CEO, The University of Western Australia
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Research Fellow, Curtin University
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Lecturer in International Political Economy, Newcastle University
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Associate Professor of English, State University of New York Oswego
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Postdoctoral Researcher in Bioenergy, National Renewable Energy Laboratory
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Professor, Crawford School of Public Policy, Australian National University