The cost of developing new oil projects has increased due to inflation and supply chain challenges, but breakeven prices are still below current oil prices. Tight oil and offshore projects offer the ...

Oil prices plunged to their lowest level since December 2021, with Brent oil falling 4% to $68.99 on Tuesday. Supply and demand issues, including a slowdown in China's economy, are pressuring prices.

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. MIDLAND, TX - JULY 29: President Donald Trump speaks to city ...

The U.S. is a key player in the world of oil production, producing several key types of oil in 32 of 50 states, averaging 16.6 million barrels per day in 2023. This amounts to an annual production of ...

Most people understand that motor oil is a vital component for the internal combustion engines that power most of our cars. Not only does oil act as a lubricant, allowing internal moving parts to ...

Internal combustion engines (ICE) need lubrication to keep the moving metal parts inside from contacting each other directly. ICE-powered cars and trucks rely on engine oil to do just that. Just as ...

We may never run out of oil, though known reserves are expected to last for about 50 years, current estimates suggest. When you purchase through links on our site, we may earn an affiliate commission.

Soaring CEO pay and shareholder returns. Almost no matter the metric, the U.S. oil and gas industry has flourished under President Joe Biden, even though his administration has pushed hard to ...

The ubiquitous ingredient contributes to the loss of tropical forests. By Manuela Andreoni Palm oil — the ubiquitous ingredient for all things spreadable, from toothpaste to ice cream — is now the ...

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. This article is more than 2 years old. CRANE, TEXAS - MARCH 12: ...

The scale of Alberta’s oil sands operations, the world's largest industrial project, is hard to grasp. Especially north of Fort McMurray, where the boreal forest has been razed and bitumen is mined ...