But then the first Model T Ford rolled off the production line at the turn of the century and forever cemented the centrality of oil and its derivatives in the making of the modern world.

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

The report received considerable media attention because of the projection that by 2030 oil production will reach “a staggering 8 million barrels per day above projected global demand.” ...

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

As of April 2024, the world's oil production and consumption figures highlight the leading countries in these sectors, showcasing their roles in both producing and consuming oil. The total world ...

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 ...

Despite the impact the pandemic had on U.S. oil production, the U.S. remained the world's top oil producer at 11.3 million BPD. 2 Russia and Saudi Arabia retained their positions at #2 and #3.

President-elect Donald Trump will have trouble meeting his pledges to massively increase oil production — even ... The fact that the U.S. is already the world’s biggest oil producer and ...

BP projected an increase in oil production by 44% to 65.41 million tons and gas output by 89% to 112.63 BCM from the Mumbai High field, which was discovered in 1974. India, the world's third ...

Simply sign up to the Oil myFT Digest -- delivered directly to your inbox. Amin Nasser, the head of Saudi Aramco, the world’s largest ... a shutdown of oil production in Libya, and a more ...