It’s widely acknowledged just how prolific the Permian Basin is in producing crude oil and natural gas. A new report from the U.S. Energy Information Administration shows just how prolific the Permian ...

The U.S. is a key player in the world of oil production, producing several key types of oil in 32 of 50 states, averaging 16.6 million barrels per day in 2023. This amounts to an annual production of ...

U.S. crude oil production hit a record high in June, rising 133,000 barrels per day to 13.58 million bpd, according to data released by the Energy Information Administration as part of its Petroleum ...

— -- Given America's new oil rush, it would seem the best of times for gas prices. But with $4-per-gallon sticker shock, it might feel like the worst of times. How can this be? The question is ...

HOUSTON, Aug 5 (Reuters) - The falling number of oil and gas rigs deployed across the United States is reaching a level that would indicate onshore crude output from the world's top producer could ...

Javier Blas is a Bloomberg Opinion columnist covering energy and commodities. He is coauthor of “The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources.” The US oil industry ...