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Global energy demand, particularly for coal, is falling sharply this year, the International Energy Agency says. The drop is caused by weather patterns and COVID-19 shutdowns.
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The pandemic means the world is using far less oil. But pumps are still going, creating a huge oversupply. Companies are often willing to operate pumps at a loss — for a little while.
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Russia and Saudi Arabia have been engaged in a price war that has driven world oil prices down dramatically.
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The supply of oil has surged as the coronavirus pandemic has destroyed demand. Prices have plummeted and analysts are starting to ask if the world will have enough space to store all the extra oil.
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Global oil prices rose by about 4% — a modest increase by historical standards — after the U.S. military killed Qassem Soleimani, the leader of Iran's Quds Force, in an airstrike in Baghdad.
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President Trump is leaving some U.S. troops in Syria, with the goal of controlling Syria's oil fields. But legal experts say exploiting the oil could amount to pillaging — a war crime.
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The multibillion-dollar solar photovoltaic industry has roots in an unexpected place. More than 40 years ago, oil companies invested in solar research and development that have proved critical.
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Over 70 years ago, in 1945, President Franklin Delano Roosevelt and King Abdul Aziz of Saudi Arabia met onboard he USS Quincy. A close relationship…
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A small protest outside of Chase Bank in downtown Syracuse gave information on the various banks financing the Dakota Access pipeline. Protesters…
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Hundreds of protestors opposing a controversial Midwest oil pipeline marched through downtown Syracuse over the weekend. They walked six miles from the…