In 1956, M. King Hubbert, a US geoscientist working for fossil fuel giant Shell, projected — based on statistical modeling of known oil reserves at the time — that global crude oil production ...

Oil prices had their strongest session in over two months Tuesday, with West Texas Intermediate (WTI) light crude climbing 2% to $80 a barrel, and Brent crude rising 1.7% to $84 a barrel.

A 2015 study published in the journal Nature estimated that between 2010 and 2050 a third of the world's oil reserves, half of gas reserves and more than 80% of raw coal reserves needed to stay in ...

That worry (or hope, depending on your point of view) that oil might soon drop to $10 a barrel? It might be here – or maybe not. It all depends on who you ask.

Shale oil production will peak at 10 MBOPD in 2027, up from about 9.69 MBOPD this year, the EIA said in its Annual Energy Outlook, before declining to around 9.33 MBOPD by 2050.

Majority sees oil price rangebound in $70-$90 a barrel. Brent oil is expected to be above $80 a barrel at the end of 2024, according to 53% of survey participants — in line with our scenario ...