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Oil industry

Oil prices have experienced a steep drop in recent months, with experts not believing in a near-term trend reversal. Consumers may be happy, but most producers of the black gold certainly aren't.

The drastic fall in oil prices has pundits wondering when oil-producing nations are finally willing to strike a deal on reducing their output so as to ease the current glut. This page collates recent DW content on the topic.

DW Global Ideas - Indonesien Rukam

Palm oil industry leaves Indonesian village struggling with loss and regret  05.06.2020

In 2002, Rukam villagers sold their land to a palm oil company. Since then, they've seen their peatlands, forests and fish stocks vanish. Now they're weighing up the environmental cost of their decision and future hopes.
Schottland | Präsident von Malawi Peter Mutharika zu Besuch in Edinburgh

AfricaLink on Air – 07 May 2020 07.05.2020

Covid-19 impact on Nigeria oil industry as revenues fall 80 percent +++ Malawi candidates submit election bid +++ MALI Tuareg rebellion +++ CPJ calls on Burundi to release 4 Iwacu journalists
DW Kolumne Ger-money Kate Ferguson

The global economy was shattered before the coronavirus 24.04.2020

The coronavirus pandemic has exposed the existing cracks in the global economy: rampant consumption, a race to the bottom and growing inequality. Now is the time for radical change, says Kate Ferguson.

Russia, France on negative oil prices 21.04.2020

The oil industry can’t seem to get a break. It is reeling from the economic fallout linked to the coronavirus outbreak and the price war between Russia and Saudi Arabia. And it is also spell bad news for the global economy.
USA Fracking Bohrstelle Bohrung Colorado

Exxon Mobil: Oil giant prosecuted over climate 'lies' 13.11.2019

Falling profits, nervous investors and now allegations of climate deception — can things get any worse for Exxon Mobil? DW's Sabrina Kessler in New York says the oil giant is now lurching toward the future.
Flasche mit Arganöl

Living Planet: Morocco's thriving argan oil industry 10.10.2019

Argan oil is sought after around the world for its health properties and unique nutty flavor. The coveted oil is extracted from the fruit of the argan tree, which grows exclusively in southwestern Morocco. International demand for the product means business — and tourism — is booming.

russland Bryansk - Druschba - Öl-Pipeline

How the oil industry and Russia trivialize the Druzhba pipeline disaster 03.06.2019

The Russian government and European oil refineries have reported only sparsely and misleadingly about a big pipeline disaster that has sent customers scrambling for alternative supplies and led to refinery outages.
Thailand - Krönung von König Maha Vajiralongkorn - Rama X

WorldLink: Reclaiming the last word 10.05.2019

This week: We go underground to meet Thai dissidents in hiding, speak with a rape survivor in India and visit a street art festival in the war-scarred Bosnian city of Mostar. Plus: Venezuelans struggle to survive the collapsing oil industry, Moroccan teen refugees in Ceuta, culinary graffiti in Verona and $1-dollar eyeglasses in Bolivia.
Ölverschmutzung in Venezuela

World in Progress: Facing the Crisis 17.04.2019

Venezuela's economic collapse impacts people in the once booming oil town of Maracaibo -- After price hikes, people in Egypt are struggling to make ends meet -- How one woman brought jobs - and a tasty bite to a refugee camp in the Western Sahara desert
Venezuela Öl-Raffinerie PDVSA

World in Progress - Former oil boom town in Venezuela faces economic collapse 17.04.2019

Venezuela was once the richest country in South America thanks to a booming oil industry. But the state oil company's facilities are rotting. At Maracaibo Lake, which holds some of the largest crude oil reserves in the world, operations have come to an almost complete standstill, with drilling facilities falling into disrepair. Maracaibo's citizens are struggling to survive.
Curacao Ölschiffe von PDVSA terminal in Willemstad

US sanctions Venezuela oil shipping, closes in on ex-spy chief 13.04.2019

The US increased pressure on Venezuela's oil industry with more sanctions on its shipping companies. Meanwhile, the pursuit of Venezuela's former spy chief took a turn in Spain.

Curacao Ölschiffe von PDVSA terminal in Willemstad

US steps up sanctions on Venezuelan state oil company 05.04.2019

The US has upped its efforts to push out President Nicolas Maduro with further sanctions on the Venezuelan oil industry. It comes after opposition leader Juan Guaido was stripped of parliamentary immunity.
USA Brand Intercontinental Terminals Company

Texas sues petrochemical company after massive blaze 27.03.2019

State and local governments have filed a lawsuit in the wake of an industrial fire that belched toxic smoke for days. A retaining wall also failed in the accident, spilling large amounts of toxins into nearby waters.
USA Tankstelle von Citgo in Sulphur, Louisiana

Maduro's oil leverage drips away 01.02.2019

Venezuela's socialist rulers have lived well off the nation's oil industry for many years. But planned US sanctions could call time on Nicolas Maduro's rule and stop the flow of foreign currency.
José Filomeno dos Santos

Angola: Former president's son charged with fraud amid crackdown on corruption 27.03.2018

Jose Filomeno dos Santos has been accused of making a fraudulent $500 million transaction out of Angola's sovereign wealth fund. The case highlights the endemic cycle of corruption within the oil-dependent country.

Irak IS Beiji Öl Raffinerie

PetroChina seeks role in Iraqi oil industry recovery 12.02.2018

Iraq is looking to attract billions of dollars in foreign investment to revive its oil industry, planning to build refineries and crank up oil production with the help of a Chinese oil giant.
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