Annual conventional discoveries have fallen from over 20 billion boe in the early 2010s to about 8 billion boe since 2020.

DAVOS, Switzerland, Jan 22 (Reuters) - The world needs to more than double oil production, U.S. Energy Secretary Chris Wright ...

Environmental experts warn that U.S. plans under President Trump to restart and control Venezuelan oil exports could intensify pollution, greenhouse gas emissions and ecological damage in a country al ...

The world is swimming in crude, but the money doesn't stop. Despite oversupply and low prices, capital continues to support the fossil fuel industry to offset the decline in reserves, in a new ...

The "Upstream New Build and Expansion Projects, Global Outlook, 2025-2030" report has been added to ResearchAndMarkets.com's offering. Globally, oil and gas production projects are positioned for ...

Venezuela claims the world’s largest oil reserves, but most of that oil is extra-heavy, expensive to produce, and highly ...

LONDON — A group of some of the world's most powerful oil producers agreed on Tuesday to continue gradually easing production cuts amid a rebound in oil prices. OPEC and its oil-producing allies, ...

Iran faces rising logistical expenses—from ship-to-ship transfers to tanker reflagging—meaning it pays more just to sell each ...

The United States is considering whether to strike Iran as turmoil intensifies for the country’s authoritarian regime. The Iranian government is at its weakest point in years, destabilizing yet ...

Of the world's top three producers, the U.S. has an Environmental Performance Index more than 9 points higher than the global ...

Iran tensions push oil up 11% and threaten the Strait of Hormuz (20% of global supply). Click for this overview of the sector and factors influencing oil prices.

Almost every day, an oil tanker arrives off the coast of Guyana to pick up a cargo that could reach a buyer practically anywhere on the planet. The stream of shipments is all the more remarkable ...