Oil prices are expected to face downward pressures over the next 2 years due to global oil production outpacing demand, according to a report by the US Energy Information Administration.

The Permian in West Texas and southeastern New Mexico continues to be the most prolific oil and gas producing basin in the United States ... as the primary production region.

Phillips 66 (PSX.N), opens new tab said there could be production ... crude oil top U.S. independent refiners imported from Canada and Mexico in November 2024. category Crude prices fall on US ...

The ending of hostilities between Israel and Hamas could bring temporary peace to the Middle East and reduce the threats of disruption to crude supplies from the region. Crude found support ...

Phillips 66 (PSX.N), opens new tab said there could be production cuts in the U.S. Midwest and Rocky Mountain region where alternative crude ... category Oil posts weekly losses as US set to ...

President Donald Trump's plan to slap tariffs on Canada and Mexico as soon as February 1 threatens to undercut one of his key campaign promises: lowering prices at the pump. The US imports around ...

It projects the region's share of US production will grow to account for over half of all US crude oil production in 2026. Meanwhile, as oil production grows, demand will grow but less rapidly ...

An ending of hostilities between Israel and Hamas will ease tensions in the Middle East and reduce the threats of disruption to crude supplies in the region ... US crude oil production in ...

"With estimates putting breakeven oil prices for new wells in key oil-producing regions in the US ... crude at historic highs, even industry insiders have questioned the need for expanded production.

The United States is one of the world’s largest oil producers, producing enough crude oil for domestic consumption and exporting millions of barrels daily. Yet it also imports roughly 8 million ...

US Crude oil stockpiles ... the price of WTI Oil? OPEC (Organization of the Petroleum Exporting Countries) is a group of 12 Oil-producing nations who collectively decide production quotas for ...

Believe it or not, Canada has a “nuclear option” of its own. U.S. financial markets were relieved the week following President Trump’s inauguration, with stocks rising and global crude oil benchmarks ...