Discover Hotelling's Theory, which explains how owners of nonrenewable resources decide whether to extract and sell based on future price predictions and interest rates.

Venezuelan lawmakers on Thursday began debating plans to throw open the country's lucrative oil sector to private investors, ...

As leaders in Mombasa call for the revival of the defunct Changamwe oil refinery to be used in the Turkana oil commercialisation plan, their counterparts in Lamu are demanding that the initial plan of ...

The Iñupiaq village of Nuiqsut has contended for decades with the westward expansion of oil development on Alaska’s North ...

The country holds the world’s largest oil reserves, but its oil industry now operates far below its historical potential.

Decades of nationalization, socialism, crony hiring and money printing turned Venezuela’s oil sector into a hollow shell, ...

Here’s a look at crude oil reserves and production around the world. Facts Crude oil is a form of liquid petroleum, extracted ...

The country’s oil industry has undergone major shifts and two waves of nationalization since its first well started pumping ...

The company signed a new oil and gas exploration agreement with Egyptian General Petroleum Corp. to drill three wells in the commitment area and conduct 2D and 3D seismic surveys. Dec. 22, 2025 Terra ...

Occidental Petroleum's returns have followed oil prices in recent years. Its debt reduction strategy has paid off over the longer term. The oil company has several growth catalysts that could fuel its ...

Modern electrical equipment relies heavily on polymer insulation materials, which are crucial for ensuring the safe operation of power grids. However, producing and disposing of these materials at the ...

You probably have a little tub of petroleum jelly stashed in a bathroom drawer, gathering dust next to a half-used bottle of dry shampoo and three kinds of lip balm (it’s OK — we all do). But guess ...