"The global system is shifting from a flow shock to a stock depletion problem," J.P. Morgan analysts reportedly said.

Higher gas prices aren’t the whole story. The more a state depends on oil, the more expensive life becomes for residents.

Russia's increasing dominance in India's oil imports has altered trading dynamics but the position of major suppliers from the Middle East has been mostly maintained. Iraq, Saudi Arabia and the UAE ...

The oil market can be unforgiving too. Exxon and Chevron spent heavily on overseas megaprojects that ran over budget and years behind schedule starting in the mid-2000s only to be hit with plunging ...