Enhanced fiscal terms, simplified cost recovery and clearer profit sharing are already attracting serious interest from ...

Nigeria’s gross oil revenue continued to underperform budget expectations in the first half of 2025, recording large shortfalls in both ...

The Global Oil Surplus is narrower than expected as the IEA revises its 2026 outlook, reshaping oil prices, supply risks, and ...

U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, energy services firm Baker ...

Iraq is seeking to increase its OPEC oil quota by 300,000 bpd, potentially generating $10 billion annually to bridge the ...

Conventional wisdom in the crude oil market is that producers such as OPEC+ largely determine the price by altering output ...

Most oil production comes from Orinoco Belt; actual output still behind historical peak daily production capacity - Anadolu ...

Weak prices are expected to force a rebalancing, with OPEC+ and other producers already signaling adjustments that could ...

Crude oil futures are rising Monday after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) on Sunday extended their output cuts by one month.

There's a bit of relief for drivers this holiday season. You may have noticed gas prices are mostly below $3 a gallon.

Jordyn joined Investopedia in February 2025. She was previously a freelance writer covering lifestyle, entertainment, politics in the Midwest, and more. Frederic J. Brown / AFP via Getty Images Social ...

The ARDA says the continent’s crude oil consumption will rise from about 1.8 million barrels per day (bpd) in 2024 to 4.5 million ...