One of the biggest misconceptions in the oil market is the perceived growth in non-OPEC+ oil supplies moving forward, ...

The Biden administration on Friday targeted Russia’s energy sector, including its oil industry, with some of its harshest ...

It appears as though the national average for gas is stuck in neutral and has not budged since the first week of January 2025 ...

"You cannot have $1.50 pump prices and a thriving shale oil sector," Rapidan Energy Group president Bob McNally said.

While the OPEC+ cartel of oil-producing countries has restricted output since the start of last year, non-OPEC nations like ...

Oil and gas major Shell said on Thursday it had started production at the offshore floating facility Whale located in the ...

Biden administration officials say the sanctions are being imposed now because they are not likely to add to inflation ...

It is now a belief among many in energy markets that president-elect Donald Trump will succeed in driving oil prices down, possibly even further than during Joe Biden’s term.

Fri, 03 Jan 2025 11:04:47 GMT US oil production is finally showing signs of peaking. Since early 2023, almost all production growth has resulted solely from productivity gains. The rig count ...

U.S. oil production rose 260,000 barrels per day month-over-month to a record 13.46 million bpd in October as demand surged to the highest levels since the pandemic, data from the U.S. Energy ...

This represents around 14% of US oil production and 2% of natural gas production. Notably, the majority of this production occurred in the western and central GOM, where more than 80% of the 12 ...

Oil prices have started the year rallying aggressively, with Brent breaking $80 on Friday morning for the first time since ...