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  2. Patagonia CEO: The ‘energy emergency’ is ... - AOL

    www.aol.com/finance/patagonia-ceo-energy...

    A March 2024 article by the U.S. Energy Information Administration (EIA) lays the truth out plainly: In the past six years, the United States produced more crude oil than any other nation at any ...

  3. US and international oil producers are pushing back on the ...

    www.aol.com/us-international-oil-producers...

    Oil pumps work at sunset on Wednesday, Sept. 11, 2013, in the desert oil fields of Sakhir, Bahrain. AP/Hasan Jamali President Trump wants to increase drilling to lower oil prices, but producers ...

  4. Key members of OPEC+ alliance are putting off production ...

    www.aol.com/opec-oil-alliance-faces-stagnant...

    U.S. oil price levels of $70 or less “are great for consumers,” said AAA spokesman Andrew Gross. Crude oil makes up about half the price of a gallon of gasoline, making crude the key factor on ...

  5. History of the Venezuelan oil industry - Wikipedia

    en.wikipedia.org/wiki/History_of_the_Venezuelan...

    Venezuela production of crude oil in oil barrels, 1965-2019. By 1940 Venezuela was the third largest producer of crude oil in the world with more than 27 million tonnes per year - just slightly less than the production in the USSR. [14] In 1941, Isaías Medina Angarita, a former army general from the Venezuelan Andes, was indirectly elected ...

  6. Benchmark (crude oil) - Wikipedia

    en.wikipedia.org/wiki/Benchmark_(crude_oil)

    Dubai Crude, also known as Fateh, is a heavy sour crude oil extracted from Dubai.It is produced in the Emirate of Dubai, part of the United Arab Emirates. [5] Dubai's only refinery, at Jebel Ali, takes condensates as feedstocks, and therefore all of Dubai's crude production is exported.

  7. 2011–2013 world oil market chronology - Wikipedia

    en.wikipedia.org/wiki/2011–2013_world_oil...

    However, that same day, West Texas Intermediate crude fell below $100 a barrel, the lowest since March 16. [7] This came after crude oil for June delivery reached $114.83 on May 2, the highest since September 2008, before closing at $97.18 on May 6, a day after dropping 9%, the most dramatic single-day drop in over two years.

  8. Commentary: A wider Middle East war doesn’t have to mean ...

    www.aol.com/finance/commentary-wider-middle-east...

    About 21% of the world’s oil flows through the strait, and anything that threatened that supply would send oil prices well above $100 per barrel, and maybe above $150. US gasoline prices would ...

  9. 1979 oil crisis - Wikipedia

    en.wikipedia.org/wiki/1979_oil_crisis

    A drop in oil production in the wake of the Iranian revolution led to an energy crisis in 1979. Although the global oil supply only decreased by approximately four percent, [2] the oil markets' reaction raised the price of crude oil drastically over the next 12 months, more than doubling it to $39.50 per barrel ($248/m 3).