Basics

Oil reserves are a major source of wealth for many countries. The 10 largest crude oil reserves in the world contain enough to fuel economies, power industry, and create tremendous value. But which countries hold this precious commodity?…

The global oil industry is an influential and powerful force that shapes the world economy. Crude oil benchmarks, such as Brent and WTI, play a significant role in determining the price of oil. According to the U.S. Energy Information…

What makes a fuel so valuable that it has become the world's most sought-after commodity? Crude oil is an energy source with a long history of use and tremendous economic significance, yet its use also carries certain environmental risks.…

Crude oil is like a double-edged sword, with both benefits and drawbacks. It has been the primary source of energy for many countries since the industrial revolution, but its use has also caused significant environmental damage. This…

Crude oil, also known as 'black gold', has been a source of renewable energy for centuries. While its use in transportation and power generation is well-documented, what may surprise many is the range of lesser-known uses that this…

The global oil industry is dominated by a select number of power players. These companies have become giants in the crude oil market, wielding incredible influence over prices, production, and environmental impact. With access to massive…

Oil is a precious commodity that has enthralled the world since its discovery. It is used in countless ways and for many purposes, from providing energy to powering industries. But what most people don't realize is the difference between…

Crude oil is an incredibly important resource, enabling the functioning of many modern societies throughout the world. It is remarkable to consider that this valuable resource can travel from deep underground reservoirs to gas station pumps…

For centuries, crude oil has been a driving force in shaping the powerful dynamics of international relations. As a transformative fuel source with the potential to make or break global economies, its influence on world power is undeniable.…