Questions tagged [oil]

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

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Is the US acknowledging that it's losing some leverage over Ukraine by cutting off aid?

There's this quote from Ukrainian FM Kuleba doing the rounds on social media, essentially talking about a quid-pro-quo: more Patriots in exchange for less attacks on Russian oil infrastructure (which ...
the gods from engineering's user avatar
4 votes
3 answers
334 views

Why is Europe (at least France and the UK) less dovish than the US administration on Ukraine striking Russian oil refineries?

WaPo writes about the diverging views between Europe and the Biden administration on the conduct of the war by Ukraine, in re the Russian oil refineries: When Vice President Harris met privately with ...
the gods from engineering's user avatar
0 votes
0 answers
25 views

Did any Middle Eastern country adopt the SDFI system or similar?

In the early days, foreign companies dominated exploration activities, and they were responsible for developing the first oil and gas fields. Norwegian participation gradually increased as Norsk Hydro ...
Sayaman's user avatar
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0 votes
1 answer
99 views

Is there any data to inform a view of the US Nationalization of O&G?

I was wondering if there was any polling or data historic or otherwise to support a position on the US perspective of nationalizing oil and gas. The majority of the world's reserves are controlled by ...
Evan Carroll's user avatar
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3 votes
2 answers
476 views

Who officially owns the fuel tanks in Gaza that Israel said (around 26 Oct 2023) have half a million liters of fuel?

CNN wrote on Oct 26: The Israel Defense Forces (IDF) on Tuesday ruled out any fuel being allowed to enter Gaza, saying Hamas would co-opt fuel for its operational infrastructure and to continue its ...
the gods from engineering's user avatar
3 votes
0 answers
84 views

Is there a link between fuel shortages in Argentina and the presidential election?

If you make a search on the internet with the keyword argentina fuel shortage you will find a lot of articles about a fuel crisis that started around the first round of the presidential election and ...
FluidCode's user avatar
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3 votes
2 answers
621 views

Which US allies ignored the USA's call for stopping the import of Russian oil and gas?

Which US allies ignored the USA's call for stopping the import of Russian oil and gas and continued importing them till today?
user366312's user avatar
3 votes
1 answer
164 views

Did Saudi Arabia cut in half its oil & gas share of GDP from 2020 to 2022?

I'm seeing vastly different numbers reported for Saudi Arabia's oil & gas share in GDP. One Saudi scholar gives Kingdom of Saudi Arabia owns 17% proven reserves of the world and constitutes 50% ...
the gods from engineering's user avatar
5 votes
1 answer
83 views

Did the Iraqi central government explicitly object to (or approve of) any deals by Russian oil & gas companies with the Kurdish Regional Government?

According to al-Jazeera, citing various (alas unnamed Russian and Kurdish diplomats/officials), Russia financially "saved" the KRG at a crucial time, by having its major oil/gas companies ...
the gods from engineering's user avatar
7 votes
2 answers
253 views

Which countries are affected by Russia's decree banning oil sales to them?

Vladimir Putin bans Russian oil exports to countries that imposed price cap over Ukraine war President Vladimir Putin has delivered Russia's long-awaited response to a Western price cap, signing off ...
Allure's user avatar
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4 votes
1 answer
2k views

How did US respond to the accusation of "stealing Syrian oil"?

Claim: US "steals" crude oil from Syria. Other sources include: https://www.theamericanconservative.com/donald-trumps-boneheaded-plan-to-steal-syrian-oil/ My question: is this action ...
dodo's user avatar
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4 votes
2 answers
524 views

Objective arguments to support assertions that Saudi Arabia is "siding with Russia" and not simply just exercising sound fiscal policy?

CNN's October 7, 2022 Why Saudi Arabia defied the US over OPEC oil supply cut includes the following quotes: “What Saudi Arabia did to help Putin continue to wage his despicable, vicious war against ...
uhoh do I really dictate's user avatar
17 votes
6 answers
9k views

ELI5: Why is Russia's requirement for oil to be paid in Roubles abnormal?

There seem to be various stories of Russia cutting off various neighbouring and other Euro states from its oil over failing to pay for the oil in Roubles (this is independent of the Ukranian war and ...
Ertai87's user avatar
  • 2,436
-3 votes
1 answer
281 views

Why do Canadians complain more about cost of living than Saudis? [closed]

I do not get it. Alberta’s recoverable reserves of oil are, still conservatively, the largest on Earth by far, and are larger than those of Saudi Arabia and Venezuela combined. Canada is rich in water ...
Ibrahim Khalil's user avatar
17 votes
2 answers
6k views

Why can't Hungary import oil from somewhere other than Russia without "ruin[ing] the Hungarian economy"?

Hungary is opposing a EU proposal to cut Russian oil imports by the end of this year. Their government said that doing so would "ruin the Hungarian economy". I see that they import some 60% ...
the gods from engineering's user avatar
4 votes
2 answers
916 views

Can taxes diminish Europe's dependency on Russian oil?

Can (higher) excise taxes, as well as taxes on cars with poor fuel economy, diminish the dependency of Russian oil? What are their advantages and disadvantages? PS: some believe that natural gas is ...
user31264's user avatar
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24 votes
1 answer
4k views

Fact-check: Has the US increased imports of Russian oil?

There have been reports that the US has increased imports of Russian oil over the past week: US ramps up oil imports from Russia, pursues own interests at expense of European allies amid Ukraine ...
FourLegsGoodTwoLegsBad's user avatar
2 votes
4 answers
442 views

Why did Saudi Arabia refuse to increase oil production to counter Russia when USA asked them to in February 2022?

I am referring to this: https://responsiblestatecraft.org/2022/02/25/us-backed-middle-east-states-cozy-up-to-russia-during-ukraine-invasion/ What does Saudi Arabia have to lose by increasing their ...
Ash Rivers's user avatar
  • 1,513
4 votes
2 answers
713 views

Which countries have oil stockpiles?

I was looking at data on the Energy Information Administration's website on global production and consumption of crude oil and noticed that in many years consumption exceeds production -- from 1980 to ...
Curious Layman's user avatar
6 votes
0 answers
487 views

What were the repercussions of Saddam Hussein's Iraq switching from USD to EUR in 2000?

In 2000, Saddam Hussein switched to selling petroleum in Euros. At that time it was considered an financially unwise decision, but later it was reported to have won Iraq handsome profits. How exactly ...
ksinkar's user avatar
  • 1,249
6 votes
1 answer
306 views

How much coal, oil, and natural gas has the U.S. imported from Russia in recent years?

This morning, President Biden announced an executive order banning imports of fossil fuels from Russia. From the White House fact sheet (emphasis added): Today, President Biden will sign an Executive ...
LShaver's user avatar
  • 1,765
8 votes
4 answers
792 views

Did the sanctions against Russia take into account that oil price might neutralise their effect?

Western countries imposed some sanctions on the Russian Federation and some Russian individuals since the start of the invasion of Ukraine. But Russia can still sell oil on the international markets ...
FluidCode's user avatar
  • 7,310
4 votes
1 answer
218 views

Can BP still sell its share in Rosneft?

Yesterday, BP announced they would be selling their $14 billion share in Rosnef. The London-headquartered oil firm announced on Sunday that it was offloading its 19.75% voting stake in Rosneft, ...
the gods from engineering's user avatar
5 votes
2 answers
302 views

What safeguards have allowed Russia to be immune to/undeterred by sanctions enacted thus far?

Or are they simply weighing costs and benefits and the cost of NATO being in Ukraine is worse than the cost of sanctions ? Also read an al jazeera article that high oil prices gives russia confidence ...
Ash Rivers's user avatar
  • 1,513
1 vote
4 answers
331 views

Is petroleum a valid explanation of why the U.S. military fought the first Iraq war?

Why couldn’t the U.S. have bought petroleum from Iraq after they took control over Kuwait’s oil supply?
PineappleThursday's user avatar
3 votes
3 answers
380 views

What powers, if any, does POTUS have to ban fracking on private or state owned property?

One of the flashpoints in the current presidential contest, especially in Pennsylvania, is the issue of fracking. I have no doubt that the President and Federal government maintain jurisdiction over ...
BobE's user avatar
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9 votes
4 answers
989 views

Why didn't the Gulf countries diversify their economy in the last 70 years so that they can become less dependent on oil?

In the Gulf, oil was discovered in the early 20th century. This is the 21st century and these gulf countries are still far behind diversifying their economy. Why? Why didn't the Gulf countries ...
user366312's user avatar
1 vote
1 answer
155 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 ...
Pulse Reborn's user avatar
5 votes
3 answers
477 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?
Probably's user avatar
  • 1,510
2 votes
1 answer
170 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 ...
user2501323's user avatar
  • 11.8k
4 votes
2 answers
258 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 "...
CDJB's user avatar
  • 107k
5 votes
2 answers
475 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 ...
John Smith's user avatar
39 votes
6 answers
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 ...
CDJB's user avatar
  • 107k
6 votes
1 answer
159 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 ...
the gods from engineering's user avatar
1 vote
2 answers
171 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. ...
the gods from engineering's user avatar
6 votes
1 answer
273 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 ...
Alberto Bonsanto's user avatar