Drivers can rejoice in the fall in gasoline prices caused by the fall in crude oil prices. Gasoline prices have been dropping almost every day for the past three weeks. This was caused by a sudden drop in crude oil prices. Since April 20, the gasoline price has dropped ...
Far-right Russian nationalists are mourning the 150th anniversary of the sale of Alaska to the United States, calling for the return of the wrongly sold territories. Some historians consider the decision of Tsar Alexander II to sell the rich natural resources of Alaska for $7,2 million—about $125 million in real terms—a gross mistake...
The holiday season in the United States between Halloween and Christmas is usually accompanied by a rise in gasoline prices. For example, in 2014, at the end of November, a gallon of gasoline cost $ 3, but immediately after the New Year, the price dropped to $ 2,20; the same situation was ...
The largest shale oil field in the Permian oil and gas basin has been discovered in Texas. According to experts in the field of oil exploration, the so-called Wolfcamp oil reservoir may contain up to 20 billion barrels of oil worth up to $ 900 billion. Thus, this deposit may turn out to be 3 ...
The largest oil field appears to have been discovered in Alaska. Caelus Energy Alaska expects that it will produce 200 barrels of oil per day, DW reports. The American company Caelus Energy Alaska announced the discovery of a large oil field in Alaska, possibly ...
Scientists say Oklahoma's oil and natural gas production has made it more susceptible to earthquakes. In its March report, the USGS reported that more than 7,9 million people living in Kansas, Colorado, New Mexico, Texas, Oklahoma and Arkansas ...
According to a report by Rystad Energy, half of these reserves are from shale oil. The United States currently outstrips Saudi Arabia and Russia in terms of oil production, with shale oil accounting for half of that volume. This is evidenced by new data from the consulting company ...
Russian Energy Minister Alexander Novak agreed with his counterparts from Saudi Arabia, Qatar and Venezuela to freeze oil production at the January 2016 level - albeit on condition that other producers do the same. This is very important news for the whole world - the OPEC countries and Russia hope with the help of ...
The fall in oil prices and the ruble exchange rate has led to the fact that the richest people in Russia suffer large losses. After oil prices dropped below $ 30 per barrel, Russian oligarchs lost more than 11 billion in 10 trading days for ...
There is so much cheap oil in the US that producers of low-quality grades will have to pay extra to have their feed taken away. This is the North Dakota Sour oil. So, for example, in January 2014 this mark cost $ 47,60 per barrel, ...