Why the current oil boom for Arab states may be their last

The oil boom brought about by the Ukraine war has made energy-rich Middle Eastern countries extraordinarily wealthy once again. But experts warn that it may be the last such upswing.

This decade's oil boom is moving offshore

Global oil companies are pumping billions of dollars into offshore drilling, reversing a long decline in spending on the decades-long projects including some in the remote iceberg waters far off...

How This Economic Moment Rewrites the Rules

In 2010, Williston, N.D., was in the midst of an oil boom. Restaurants couldn't hire enough workers. Housing was in short supply, and costly. Local infrastructure couldn't withstand the sudden...

Oil Prices Under Pressure As China Considers Russian Crude

Russia is racing to pivot towards Asia as the EU attempts to ditch its oil. China added some downward pressure to oil prices this week when it signaled its intent to buy more discounted Russian...

Why gas prices have soared in America

The United States is the world's largest producer of oil. That puts it two spots ahead of Russia, which shocked the world by invading Ukraine. Saudi Arabia is the second-largest producer in the...

Oil Frackers Brace for End of the U.S. Shale Boom

Oil rigs in Odessa, Texas, will be operational by 2020. The rigs are expected to be fully operational by the end of the year. They will be powered by natural gas, oil and natural gas liquids. They...

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