The U.S. Energy Information Administration reports that pump prices on average were 21 cents lower per gallon in 2024 than they were in 2023.
It’s an international love story of sorts, featuring “thick, heavy, goopy crude oil.”
The cartel wants to manipulate production to push up prices and demand.
U.S. refineries, which are concentrated on the Gulf Coast, could be especially impacted by destructive storms, prodding prices up.
New, more productive technology helped, along with pressure for profits.
Big companies have been paying billions to acquire smaller competitors — and their drilling rights.
The split was Angola’s idea. What does it mean for OPEC — the group of oil-producing developing nations — and for the country?
Domestic oil production is running around a million barrels a day ahead of predictions.
Leaked documents obtained by the BBC show the United Arab Emirates, a major fossil fuel producer, was looking to strike oil deals at COP28.
The expectation was that OPEC countries would continue cutting back supply. Some think the delay may mean there’s disagreement about that.
