2022 has been a dismal year for oil & gas exploration, complicating plans to wean the world off Russian oil. The Biden administration is finding itself between a rock and a hard place as its ...

Crude oil prices edged higher as the oil market's response to OPEC+'s larger than expected production increase remains muted, ...

Goldman Sachs said it expects a group of eight OPEC+ members to lift oil production quotas by 550,000 barrels per day in ...

The post Daily Infographic: Texas and New Mexico led US crude oil production in 2022 appeared first on FreightWaves.

Infographic: How much oil does Russia produce? ... Two months ago, OPEC+ members agreed to cut production by 2 million barrels per day from November until the end of 2023.

Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in ...

As OPEC Plus announced new cuts in output, oil production in the United States — which is not part of that group — is booming. A record 13.2 million barrels of oil a day are flowing from ...

S&P estimates that US oil production will dip to 13.3 million barrels per day in 2026, a 130,000-barrel decline from its 2025 forecast. It would be just the second time in the past decade that US ...

This chart was compiled using data from more than 15,000 oil fields across 20 nations. The production costs were calculated by including a mix of capital expenditures and operational expenditures ...