S&P Global Commodity Insights estimates that the average break-even price for US shale producers this year is $45 per barrel and many analysts and oil executives said too many US shale producers would ...

U.S. Energy Secretary Chris Wright asserts that U.S. shale producers can maintain production even if oil prices fall to $50 ...

Argentina's Vaca Muerta shale formation is driving significant oil production growth, positioning the country as a top South ...

U.S. oil production will peak between 2027 and 2030, Occidental Petroleum Corp chief executive officer Vicki Hollub said on ...

By Newsbase MENA syndicate Iran has struck new deposits of “unconventional” oil estimated to hold up to 5bn barrels ...

Industry experts are challenging US Energy Secretary Chris Wright’s claim that shale producers can profitably boost output at ...

HOUSTON (Reuters) - Turkish national oil company TPAO has signed a joint venture agreement with U.S. oil producer Continental ...

Meanwhile, Occidental has run four pilot tests in the Midland basin using carbon dioxide for enhanced recovery. The early ...

Global oil supply growth is outstripping demand, the CEO of one of the world's largest oil tradersGunvor said on Monday.

State-owned Eesti Energia's Enefit 280 under-development shale oil plant has been facing delays, though CEO Andrus Durejko ...

Oil and gas producers Whitecap Resources Inc. and Veren Inc. are joining forces in a $15-billion deal to create the biggest ...