A historian traces how Oil City brokers, then John D. Rockefeller, then futures exchanges decided what the world pays for crude – and why no one entity does today.
Articles on Oil
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In the Ecuadorian Amazon, oil extraction reaches communities already facing environmental pressures, pressing needs and aspirations for a better life.
Any work to ease current shortages and price hikes while the Strait of Hormuz remains closed will take years and billions of dollars.
The pact with Turkey and Pakistan has evolved quickly from a vague political commitment. Riyadh hopes it will help it navigate a thorny Middle East crisis.
The resumption of fighting, paired with the ongoing closure of the Strait of Hormuz, complicates regional strategy and energy policy for the Gulf powerhouse.
Trump has approached governing through the same framework as his former business portfolio, where he casts the US as a flagship holding whose value he was elected to increase.
Japan is one of the countries most affected by restrictions placed on one of the world’s most important choke points.
As more details emerge about this controversial deal, big questions remain about what it could mean – both for oil markets and Venezuela’s national sovereignty.
Rivalry has not disappeared from east Africa. It has simply been repackaged as competing ‘regional’ projects.
The ongoing war in Iran has created an expanding zone of risk for shipping, including for Saudi Arabia’s strategy of redirecting oil exports away from Hormuz.
Wastewater from Pennsylvania’s oil and gas wells is salty and radioactive, and doesn’t suppress dust. Two researchers explain why it keeps ending up on rural roads.
The closed Hormuz Strait and a dearth of Russian diesel will trigger further volatility.
The story of oil is focused on the US. But our oil-centred world was made through wider global relations.
Africa is rapidly expanding electricity generation, but new research shows energy planning must also account for water scarcity and carbon dioxide emissions.
Trump urged ships to return to the Strait of Hormuz and “let the oil flow”. But it’s not that straightforward.
Hundreds of millions of dollars are being made on well-timed oil bets occurring just before Trump posts. But can we call it insider trading?
Geologist Scott Montgomery tells The Conversation Weekly podcast how strategic oil reserves work and why the U.S. keeps oil in underground salt caverns.
Not really knowing how much fuel your country needs is a problem.
Iran’s contribution to the global economy is not centred merely on oil, as the war has shown.
Wealthy nations will need to help fund clean energy, green industrial growth and mineral processing.
Top contributors
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Lecturer in International Studies, University of Washington
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Director, Energy, Climate Justice, and Sustainability Lab, and Research Professor, New York University; Tufts University
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Lecturer in Energy Systems, University of Oxford
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Honorary Fellow, The University of Queensland
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Industry Fellow, Institute for Sustainable Futures, University of Technology Sydney
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Departmental Visitor, Centre for Arab and Islamic Studies, Australian National University
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Associate Professor of Environmental and Occupation Health, University of California, Irvine; University of Southern California
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Fellow for the Middle East at the Baker Institute, Rice University
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Professor of Law, Deakin University
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Professor, Environmental Studies Program at UC Santa Barbara
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Director and Lecturer, Extractives Baraza, Strathmore University
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Professor and Head, School of Business, Monash University Malaysia
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Professor of Geoenergy, Carbon Capture and Storage, Durham University
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Professorial Fellow, University of Canberra
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Senior Lecturer in Economics, The Open University