Producing light crude, Bozhong 26-6 is expected to reach 22,300 barrels of oil equivalent a day in peak production this year.

The Energy Information Administration (EIA), in its January Short-Term Energy Outlook, is forecasting global oil prices ...

Global oil demand will likely be close to current levels in 2040, energy and commodities trader Vitol said in its long-term ...

Neither OPEC nor US shale firms appear willing to increase oil supply, despite President Trump's pledge to bring down energy ...

U.S. President Donald Trump will restore his "maximum pressure" campaign on Iran and drive its oil exports to zero, a U.S.

Oil has long been the engine that powers the world. Countries rely on it to fuel cars, planes, factories, and economies. Its ...

HOUSTON (Reuters) - Growth in oil output from the U.S. Permian basin, the country's most prolific formation, is expected to ...

Demand from China and the rest of the world ensures its impact on diplomacy and markets, but there's no question its supremacy is waning China and the rest of the world remain thirsty for oil. That ...

Russia pumped 2.8% lower volumes of crude oil and condensate in 2024 from a year earlier, while its natural gas production ...

Since 2018, the U.S. has been the world’s top oil producer, outpacing both Saudi Arabia and Russia. In 2023, U.S. crude oil plus condensate production averaged 12.9 million barrels per day (BPD ...

Learn about the potential opportunities in the midstream energy sector, including M&A activity and the impact of less ...

Located in the heart of Canada, the province of Saskatchewan has the resources needed to help ensure food and energy security ...