Gasoline prices are a significant concern for many Americans, influencing daily commutes, travel plans, and household budgets. As of March 2025, the national average price of gasoline stands at $3.11…
oil production
Oil production involves extracting crude oil from underground reservoirs through drilling. After extraction, the oil is refined into various products like gasoline and diesel. It’s a critical process for global energy supply and economy.
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China’s major energy companies are increasingly focusing on natural gas as demand for oil slows. This shift comes amid rising global trade tensions and concerns over the risks of depending…
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The OPEC oil embargo was a significant event in global energy history. It took place in 1973 and had a profound impact on the world’s economy and the way people…
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China Advances Energy Self-Sufficiency, Bolstered by Domestic Production and Technological Innovations (3.31)
by Yukiby YukiChina’s efforts to improve its energy security have shown significant progress, with the country’s energy self-sufficiency rate surpassing 80 percent. This achievement comes as China navigates global uncertainties and supply…
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Gasoline and diesel prices in Vietnam both saw increases on Thursday afternoon, marking the second consecutive rise in two weeks. The popular RON95 gasoline price went up by 1.69%, reaching…
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The Organization of the Petroleum Exporting Countries (OPEC) plays a crucial role in the global oil market. Its decisions significantly influence oil prices, supply, and the economies of both producing…
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The Organization of the Petroleum Exporting Countries (OPEC) plays a pivotal role in the global oil industry. Established in 1960, OPEC has grown from a coalition of five countries to…
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The global oil market is significantly influenced by organizations that coordinate oil production and pricing. One of the most influential of these is OPEC+, a coalition of oil-producing nations that…
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The Organization of the Petroleum Exporting Countries (OPEC) plays a pivotal role in the global oil market. Established in 1960, OPEC aims to coordinate and unify the petroleum policies of…
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Gas prices, particularly natural gas and gasoline, fluctuate all the time. For many people, these changes can feel unpredictable and confusing. Why does gas rise or fall? What causes these…