Oil may be in the ground, but it's also in headlines amid political turmoil, rising prices and earthshaking news. Two Texas Tech University professors explained oil, the economics of it, and why gas ... Hindustan Times: Qatar faces 5-year oil impasse; Iran's key gas field attacked: How the war could reshape global energy | Explained Qatar faces 5-year oil impasse; Iran's key gas field attacked: How the war could reshape global energy | Explained Crude oil prices & gas price charts.

Understanding the Context

Oil price charts for Brent Crude, WTI & oil futures. Energy news covering oil, petroleum, natural gas and investment advice Austin American-Statesman: Who sets oil and gas prices? Why they change and what’s driving them now Who sets oil and gas prices? Why they change and what’s driving them now MSN: What fuel do large ships use?

Key Insights

Heavy fuel oil and bunker fuel explained What fuel do large ships use? Heavy fuel oil and bunker fuel explained Washington Examiner on MSN: PHOTOS: Oil and gas drilling in the age of record production MSN: Middle East inferno: How oil well fires are fought as 7 key plants burn amid conflict | Explained As the conflict between Iran, Israel, and the US gets worse, the Middle East's energy infrastructure is now a battlefield. After a series of drone and missile strikes on big oil and gas facilities in ... Middle East inferno: How oil well fires are fought as 7 key plants burn amid conflict | Explained CBS News: Oil only accounts for half the cost of a gallon of gas. Here's where the rest comes from.

Final Thoughts

The oil supply shock from the Iran war is directly impacting what Americans pay to fill up their cars, with gasoline prices up an average of roughly 60 cents since hostilities erupted on February 28. Oil only accounts for half the cost of a gallon of gas. Here's where the rest comes from.