• Anti-fracking protesters demonstrate outside the White House in November 2011. The controversial practice looks promising because it is more efficient and cheaper at producing oil than drilling new wells. | BLOOMBERG
    Anti-fracking protesters demonstrate outside the White House in November 2011. The controversial practice looks promising because it is more efficient and cheaper at producing oil than drilling new wells. | BLOOMBERG
  • SHARE

With oil galloping closer to $100 a barrel, who’s going to come to the rescue?

Output from the Organization of the Petroleum Exporting Countries remains stuck around 5 million barrels a day below peak levels, constrained by weak production from Angola, Iran, Nigeria and Venezuela. Russian crude is still flowing, but it’s hostage to geopolitical tensions over Ukraine.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)

, , , ,