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Oil Is Flowing From the Persian Gulf, but Prices Remain High. Why?

Crude oil costs close to $100 a barrel because traders are worried hostilities could soon restart and the world is burning through its emergency stockpiles.

© Ruth Fremson/The New York Times

Governments and companies the world over have been draining their oil storage tanks over the past seven months to keep a lid on prices.

Oil Is Flowing From the Persian Gulf, but Prices Remain High. Why?

Crude oil costs close to $100 a barrel because traders are worried hostilities could soon restart and the world is burning through its emergency stockpiles.

© Ruth Fremson/The New York Times

Governments and companies the world over have been draining their oil storage tanks over the past seven months to keep a lid on prices.

Trump Dangles Alaska Gas Project as Part of Korean Investment Package

The long-delayed project, which the developer has not yet formally greenlit, would deliver Alaskan gas to Asian markets but take several years to construct.

© Nathaniel Wilder for The New York Times

A natural gas production platform in Cook Inlet in Alaska. A proposed liquefied natural gas facility in the state would help companies move the gas to where there was demand for it.

A Small Country’s Huge Windfall from the War in Iran

Oil-rich Guyana is enjoying red-hot growth. But the boom is magnifying tensions over corruption, inequality and strained ties with Venezuela.

© Cesar Rodriguez for The New York Times

Guyana is positioned to take in an estimated $6.5 billion in oil revenue this year.

How Guyana Is Feeding the Profits of Exxon Mobil, the Largest U.S. Oil Company

Exxon Mobil found a coveted growth engine in Guyana. Now it must navigate Guyana’s fractious politics and a territorial dispute with Venezuela.

The One Guyana offshore oil production platform this year.
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