In Brief: Why oil prices tumbled below $0

On Tuesday, Prime Minister Mark Carney reaffirmed his support for the U.S.-Israeli war on Iran.Carney spoke about the need to prevent Iran from acquiring nuclear weapons and threatening international peace and security. But Carney also said his government supports the goals of th ...  Show more

In 1953, the United States helped stage a coup to overthrow Iran’s democratically elected prime minister, largely a response to the Iranian leader’s nationalization of the oil industry. Twenty-six years later, revolutionaries stormed the U.S. embassy in Tehran just months after h ...  Show more

Something weird happened last week. It was something that millions of people who have faced years of painful prices at the gas pump never expected: The cost of a barrel of oil dropped into the negatives. Today, we explore why this happened, and what it reveals about the state ...

Global oil prices have reached their highest level in more than ten months. Brent crude rose above ninety-five dollars a barrel on Tuesday. The increase is being driven by production cuts by two of the world's largest oil exporters, Saudi Arabia and Russia. The International Ener ...  Show more

US oil production has surged to an all-time record of more than 13 million barrels produced per day. But where's all that crude actually going? And how is it being handled and stored? On this episode, we speak with Steven Barsamian, chief operating officer at the Tank Tiger, a cl ...  Show more

The oil price has crashed - for a while some producers were even paying customers to take it away. It's like no oil shock the industry has ever seen before. Lesley Curwen sets out to discover what difference cheap oil will make to our lives. Which jobs are at risk? Will there be ...  Show more