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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.

US: Biden condemns big oil firms as fuel prices spike

US: Biden condemns big oil firms as fuel prices spike 15.06.2022

In a letter to major oil companies, US President Joe Biden warned he was ready to take steps to provide Americans with "affordable" energy supply.
Spain's olive oil industry to benefit from rising demand

Spain's olive oil industry to benefit from rising demand 23.03.2022

Russia's war in Ukraine is hitting prices and affecting inflation across the world. The gap in supply is hitting European supermarkets. But in Spain, some are also recognizing an opportunity.
Nigeria seeks to extend fuel subsidy program

Nigeria seeks to extend fuel subsidy program 25.01.2022

The Nigerian government had previously planned to phase out the gasoline subsidy program, calling it "unsustainable." Despite being Africa's main oil exporter, the country relies on importing petroleum products.

DW Business – Europe & America 14.01.2022

December US retail sales show unexpected fall – Rising energy prices threaten German industry - The collapse of Venezuela's oil industry
DW Business - Europe

DW Business - Europe 31.08.2021

Oil industry surveys damage after Hurricane Ida - Xi Jinping talks up plans for 'green economy' - French service workers now require health pass
DW Business Asia

DW Business Asia 30.08.2021

Hurricane Ida slams US oil industry - Experts say chip shortage could continue into 2023
DW Business - Europe

DW Business - Europe 30.08.2021

Hurricane Ida slams US oil industry - Experts say chip shortage could continue into 2023
DW Business Africa

DW Business Africa 13.08.2021

New Bundesliga season kicks off amid restrictions - Fintech firms step in to fill African finance gap - Turkish rose oil industry blooming
Oil industry: Shareholders revolt for climate action

Oil industry: Shareholders revolt for climate action 05.07.2021

Powerful investors are demanding climate action from oil and gas giants for the sake of their bottom lines as well as the planet.

Opinion: I'm afraid of being outspoken about Russia's oil industry

Opinion: I'm afraid of being outspoken about Russia's oil industry 29.05.2021

A year after the huge Norilsk oil spill, there's just been another leak — one of many. The country's oil giants fear transparency. But transparency has the power to fix the leaking pipes, says Tatiana Kondratenko.
Big Oil splutters — how will it survive the energy transition?

Big Oil splutters — how will it survive the energy transition? 09.11.2020

Plummeting oil prices amid the coronavirus pandemic sparked the biggest oil industry crisis in a century. Already facing pressure to commit to the energy transition, can these goliaths adapt in time?
Russia: From OPEC+ offender to enforcer

Russia: From OPEC+ offender to enforcer 09.06.2020

Moscow has struggled to comply with its pledged oil output cuts in the past, but now it's not only clocking high levels of compliance but also calling on other repeat offenders to toe the line. What's changed?

Palm oil industry leaves Indonesian village struggling with loss and regret 

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.
The global economy was shattered before the coronavirus

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

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

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.
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