U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), increased by 8.7 million ...

Growth in oil output from the U.S. Permian basin, the country's top oilfield, is expected to slow by at least 25% this year ...

Oil and condensate reserves increased by 592 million tons and natural gas by 708 billion cubic meters, surpassing the ...

Inflation could increase if U.S. fiscal policy under the new administration stimulates demand and the Federal Reserve stays ...

Reserve replacement of 146 percent, 229 percent and 296 percent of 2024 production on a proved developed producing ('PDP') reserves, proved ...

Petróleo Brasileiro S.A. - Petrobras PBR recently released statements about the production output targets it achieved and a rise in oil and gas reserves in 2024. The company was able to accomplish the ...

Venezuela boasts of having the largest oil reserves on the planet, and a massive exodus of its people means that there are almost eight million fewer mouths to feed, but still some five million ...

Oil futures tallied their first weekly loss in five weeks on Friday as recent comments from President Donald Trump suggested he would pressure major oil producers to boost crude output.

CNOOC set a target of raising its net production to over two million barrels of oil equivalent a day in 2025 while keeping ...

Gas flares from an oil production platform at the Soroush ... The breakeven matters, but so too does a country’s foreign exchange reserves, borrowing capacity, and exchange rate regime.

(Bloomberg) -- President Donald Trump said he plans to fill the US’s strategic oil reserve “right to the top” after it reached lows not seen since the 1980s under President Joe Biden. Trump vowed to ...