#petrobras

#petrobras

Oklahoma's average price of a gallon of regular is $3.40 now, according to GasBuddy. By contrast, the state with the highest prices is California at $5.86, which is 72% higher than Oklahoma's.

The world's top 100 oil and gas companies banked more than $30m every hour in unearned profit in the first month of the US-Israeli war in Iran, with Saudi Aramco, Gazprom, and ExxonMobil among the biggest beneficiaries.

Shrinkflation has entered the Brazilian economy, with companies changing their presentation to include fewer quantities while keeping prices the same, leading to hidden inflation.

The IEA sees global oil demand falling by 80,000 barrels per day this year, compared with a projected year-on-year rise of 640,000 bpd in its previous monthly report.

"We just have not kept up with water supply and water infrastructure like we should have. And it's decades in the making," said Peter Zanoni, the city manager since 2019.

The war in Iran has created an energy shock in Africa, as the continent relies heavily on oil and gas imports from the Middle East.

"I think it surprised me how easily people are swayed by headlines," says Suderman, noting that wartime information flows are often strategic and conflicting. "You have to learn in a wartime to take everything with a grain of salt in the context of what you observe."

The war on Iran has created a ripple effect in the global oil market, leading to increased prices and supply shortages that could push Africa to rethink its energy strategies.