Questions tagged [oil]

Use for questions relating to fuel oil, the fossil fuel and commodity.

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1answer
147 views

Why might the size of companies make it harder for governments to tax them?

Before the changes of the 1960s and 1970s, the size of the oil firms and their ability to collude made it almost impossible for governments to collect the rents from oil companies that by right should ...
4
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3answers
359 views

Why does France support Haftar?

According to Politico, it's because Haftar controls the oilfields among other things. Is it a legitimate fear that Haftar would cut France off oil otherwise? Or is it a strategy for quicker peace?
2
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1answer
138 views

Did US threaten Iran to prevent its tankers delivering oil to Venezuela?

Recently, Iranian tankers delivered oil to Venezuela - which is badly needed, while Venezuela is under US embargo and sanctions. In Iran that was claimed as victory. But were there any direct threats ...
3
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2answers
100 views

What steps has Saudi Arabia taken to diversify its economy?

It is now almost four years since then Deputy Crown Prince Mohammed bin Salman announced his "Saudi Vision 2030" plan, a key theme of which was to provide the country with a "thriving economy" by "...
5
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2answers
436 views

Saudis vs Russia on oil: Saudis wanted lower production, but are now doing the opposite. What's going on? [duplicate]

From what I understand the Saudis wanted to reduce oil production and increase price, and Russia did not. So, to punish Russia, they are increasing production and reducing the price. This strikes me ...
39
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6answers
12k views

Why has Russia declined OPEC's request to cut oil production?

On Friday, Russia declined to participate in a plan devised by the Saudi-led Organization of the Petroleum Exporting Countries (OPEC) to cut oil production levels, in order to keep oil prices steady ...
6
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1answer
110 views

Is Turkey busting the US (oil) sanctions on Iran?

What is known about the extent of Turkey's compliance with US sanctions on Iran? I've read some conflicting reports. One from May said that Turkey completely stopped buying Iranian oil, obeying US ...
1
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2answers
135 views

Are (or were) US companies involved in exploiting the Kurdish-controlled oil fields in Syria?

Trump said recently about the oil fields in the Kurdish controlled area of Syria: We’ve secured the oil. If you remember, I didn’t want to go into Iraq. I was a civilian, so I had no power over it. ...
5
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1answer
233 views

Why does Guyana let international companies explore resources in territory reclaimed by Venezuela?

From what I know, one of the major issues between Guyana and Venezuela is that the Guyanese government has started negotiations with Exxon-Mobil to drill and produce oil in disputed territory, as you ...