Ukraine targets more Russian oil refineries a day after reports said the US had warned them not to

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Plume of smoke in Lysychansk
A plume of smoke rising after Russian shells hit an oil refinery in Lysychansk in the Luhansk Oblast, Ukraine, in May 2022.

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Saudi Arabia may make surprise oil cuts, sending prices soaring and the futures market into backwardation, says a 30-year energy expert

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Creative of oil prices rising.

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Oil prices plunge as US inventories jump and worries build over China demand

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Oil drills
The US's crude oil supply jumped 3.6 million barrels last week, according to EIA data.

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US oil production just hit an all-time high. 'Millions of people will die,' if this trend continues, a Stanford climate scientist said.

Tech Insider : Environment
Oil drilling
Oil is still widely used as an energy source, despite international efforts to reduce usage.

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Here's why oil prices have seen wild swings lately, clouding the outlook for inflation

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Oil refinery

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Ecuador could make history by banning oil drilling in the Amazon

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Ecuador voters decide on August 20 whether drilling will continue in an oil-rich area of the Amazon.

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