Has Putin hurt Russia by jolting Europe’s shift away from fossil fuels into high gear?

Oil is used throughout the US economy and not just as fuel. Petroleum goes into packaging, toys, clothing and especially the food we eat.

Buyers are avoiding Russian oil in response to the war in Ukraine. Can smaller producers leverage this moment to strike favorable deals with big oil companies?

Price shocks are a feature of the global oil market, not a bug – and even when governments take many steps to grow supply or reduce demand, it can be years before prices ease.

Oil revenues are crucial to Russia’s economy. The U.S. only accounts for a small fraction of them, so banning Russian oil imports has mainly symbolic value.

Russian President Vladimir Putin has used his country’s massive energy reserves effectively for political influence. But with war in Ukraine, nations are looking for ways to cut those ties.

Russia is one of the world’s top three oil producers and a major oil exporter. How will it, and global oil markets, respond if its wealthiest customers turn off the tap?

Photos from the early 1900s show LA’s forests of oil derricks. Hundreds of wells are still pumping, and research shows how people living nearby are struggling with breathing problems.

Photos from the early 1900s show LA’s forests of oil derricks. Hundreds of wells are still pumping, and research shows how people living nearby are struggling with breathing problems.