Top 20 countries with the highest oil consumption. Photo by Robin Sommer on Unsplash. The economy of many oil-rich countries depends entirely on their oil production, as evidenced in the 20 ...

Hoping to sideline Venezuela, the oil-rich country that once provided the Caribbean with affordable supplies of oil, the Trump administration is working to position other oil-rich countries as the ...

Friends, governments around the world collect tax on the earnings of the citizens, which they use for the development of the ...

Future conflicts may be decoupled from oil shocks, giving Western powers more freedom to engage politically in the region ...

The White House criticized a group of oil-rich countries as well as corporations who make money from plastic production in a new statement after global talks for a treaty to reduce plastic waste ...

I am writing to shed light on a pressing issue that often remains in the shadows of economic discourse—the risk of obesity in newly oil-rich countries such as Guyana.

Today, Oil Change International released a briefing showing rich countries can mobilize well over $5 trillion a year for climate action at home and abroad by ending fossil fuel handouts, making big ...

African countries are tapping their fossil fuel wealth. Why aren’t they getting rich? The continent's vast oil reserves could spell trouble for the climate — and for Africans ...

In recent years, the climate summit has been hosted by several oil-rich countries, including Egypt, the United Arab Emirates, and Azerbaijan.

Oil’s economic impact has already been enormous. The country of around 820,000 people is now the world’s fastest expanding economy. Its GDP grew more than 33% in 2023 and more than 40% in 2024.

The UAE, one of the world's top oil exporters, neighbours several oil-rich countries including Saudi Arabia and Iran along with Qatar, a leading gas producer. Under the new law, ...