oil oil

A flag bearing the logo of Royal Dutch Shell flies outside the head office in The Hague, Netherlands. The energy company said Wednesday that it has agreed to buy gas producer BG Group for $70 billion. Peter Dejong/AP hide caption

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Peter Dejong/AP

Iranian oil workers gather at an oil refinery south of the capital Tehran, Dec. 22, 2014. Iran's oil exports have been crippled by sanctions. Vahid Salemi/AP hide caption

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Vahid Salemi/AP

Framework Nuclear Deal Could Be Good News For Iran's Oil Sector

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Venezuela Cuts Oil Subsidies To Caribbean Nations

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Yemenis walk past near oil tankers that were burnt during clashes between Shiite Houthi rebels and their opponents in the capital, Sanaa, in September. Saudi Arabia launched airstrikes this week to counter the Houthis' offensive. Mohammed Huwais/AFP/Getty Images hide caption

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Mohammed Huwais/AFP/Getty Images

A Nuclear Deal With Iran Could Increase Global Oil Glut

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A platform owned by Mexico's state-run oil company Pemex is seen off the Bay of Campeche in the Gulf of Mexico. The country has recently opened up its energy sector to foreign investors. Victor Ruiz/Reuters/Landov hide caption

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Victor Ruiz/Reuters/Landov

Excitement Over Mexico's Shale Fizzles As Reality Sets In

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A pump-jack sits atop an oil well near downtown Sidney, Mont. The oil boom has brought thousands of new residents to the town, almost all of whom work in the Bakken oil fields in Montana and North Dakota. Sidney sits at the western edge of the Bakken oil patch, one of the most productive drilling areas in the country. David Gilkey/NPR hide caption

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David Gilkey/NPR

Low Oil Prices Could Stall Explosive Growth In Montana Boom Town

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Proponents of the terminal plan say it would bring economic development to the Vancouver area, just across the Columbia River from Portland, Ore. Conrad Wilson/OPB News hide caption

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Conrad Wilson/OPB News

Northwest Oil Terminal Plan Would Mean Jobs — And More Oil Trains

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Opponents of fracking protested in January at the inauguration of Pennsylvania Gov. Tom Wolf. Matt Rourke/AP hide caption

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Matt Rourke/AP

Fracking Opponents Feel Police Pressure In Some Drilling Hotspots

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Miller Farm, the terminus of Van Syckel's pipeline, in 1868. The oil was pumped to Miller Farm and then transported by railroad. Drake Well Museum/Courtesy of PHMC hide caption

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Drake Well Museum/Courtesy of PHMC

Even Pickaxes Couldn't Stop The Nation's First Oil Pipeline

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Drilling rigs dot the landscape near Calumet, Okla., in April 2013. Oklahoma's economy blossomed during the domestic fracking boom, but as the price of crude oil drops, that could change. Sue Ogrocki/AP hide caption

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Sue Ogrocki/AP

Analysts Fear A Prolonged Drop In Oil Prices Will Hurt Oklahoma's Banks

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An oil well in Garden City, Texas. With prices plunging, oil companies are laying off thousands of workers. Spencer Platt/Getty Images hide caption

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Spencer Platt/Getty Images

As Oil Prices Tank, Firms Large And Small Feel The Pain

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Libya's oil terminals — like the Brega refinery and oil terminal, pictured in March 11, 2014 — are being fought over by militias and by the nation's two rival governments. The conflict is drying up production, and may have a devastating impact on the nation's battered economy. Abdullah Doma/AFP/Getty Images hide caption

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Abdullah Doma/AFP/Getty Images

With Oil Fields Under Attack, Libya's Economic Future Looks Bleak

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Tracy Perryman is production manager for his family's small oil company in Luling, Texas. B.J.P. Inc. owns 116 wells that, combined, produce about 100 barrels a day. John Burnett/NPR hide caption

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John Burnett/NPR

Planning Through Oil Booms Helps Small Producers Weather The Busts

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