The U.S. Energy Information Administration quietly rewrote a key assumption about the global oil market this week: OPEC can produce more oil than previously thought. In its December Short-Term Energy ...

Egypt plans to drill 480 exploratory wells with total investments estimated at $5.7bn over the next five years, Minister of Petroleum and Mineral Resources Karim Badawi said on Monday, as the country ...

Previously, we reported that the national average price of gasoline in the United States has dropped below $3 a gallon for the first time in years, in large part due to OPEC+ returning more barrels to ...

WASHINGTON (AP) — Oil prices spiked Thursday after the U.S. announced massive new sanctions on Russia’s oil industry in an attempt to get Russian President Vladimir Putin to the negotiating table and ...

LONDON, Oct 13 (Reuters) - World oil supply is expected to closely match demand next year as the wider OPEC+ group increases production, an OPEC report showed on Monday, marking a change from last ...

Ukraine resumed its drone strikes on Russian oil refineries last weekend, the latest salvo in a nearly 18-month military campaign to crimp Russian fuel supplies. The attacks are expected to further ...

Venezuelan President Nicolas Maduro greets young supporters marching against U.S. sanctions, in Caracas, Venezuela, May 17, 2024. As Maduro seeks a third term, he has slowly transformed into a ...

U.S. oil prices already jumped last week, which could cause prices at the pump to rise about 20 cents a gallon in the coming weeks, according to one estimate. By Rebecca F. Elliott American consumers ...

In our latest case study, we’re going to be looking at high temperature thermal oil transfer and circulating pumps. We were recently contacted by a company which installs industrial boiler rooms. They ...

The long-term outlook for global oil prices is lower, perhaps much lower, giving a strong boost to the U.S. economy while potentially crippling the economy of Vladimir Putin's Russia. Vast new ...