Crude oil is the lifeblood of industrialization because it fuels up machines and modes of transportation that carry commodities all around the world.
The continued oil and gas drilling in the U.S. is tagged as the main culprit for quakes and sinkholes opening up in the U.S.
Tension is escalating between China and the U.S. with the expected new tariffs on the former's products.
As temperature plunges six degrees Celsius below the average, Northwestern Europe worries about inadequate natural gas storage.
The country was also no longer India's supplier of crude oil as Iran has now taken over that spot.
After years of economic sanction, Iran is once again ready to import oil, with India as one of its first partners.
Oil and gas companies are hoping to contribute in dealing with climate change via the Sectoral Decarbonization Approach.
Another good news in the country is its shale-drilling industry stabilizing because of shale producers' capital discipline practice.
Experts believe this is the year the U.S. oil output will replace the record reached in 1970.
Forecasts point to a strong year for the oil and gas industry, although it would not be smooth sailing.