The global oil industry is bleeding money just to stand still. According to reporting from the International Energy Agency on ...

The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC ...

OPEC+ agreed on Sunday to raise oil production by 547,000 barrels per day for September, the latest in a series of accelerated output hikes to regain market share, as concerns mount over potential ...

Global oil consumption reached an all-time high in 2024, driven primarily by non-OECD countries, with the U.S. remaining the largest consumer. The U.S. continues to lead the world in total oil ...

Crude prices are expected to fall in the long term as Saudi Arabia and other big oil producers move to regain market share The largest group of oil-producing nations agreed over the weekend to sharply ...

NEW YORK, July 8 (Reuters) - Oil prices edged up to a two-week high on Tuesday on forecasts for less U.S. oil production, renewed Houthi attacks on shipping in the Red Sea, worries about U.S. tariffs ...

Ecuador's oil production has significantly decreased to multi-year lows due to the shutdown of its two largest crude pipelines, SOTE and OCP, caused by heavy rains and intensified erosion along the ...

Peter Aitken is a Newsweek Politics Editor based in New York. His focus is domestic U.S. politics, but he has experience covering Foreign Affairs, Business and Technology. Peter joined Newsweek in ...

U.S. crude oil production hit a record high in June of this year, according to the Energy Information Administration (EIA).