The world is producing more oil than it needs, so 2026 prices are expected to be lower. The question is how low a barrel will ...

There’s a record 1.4 billion barrels of crude currently on the world’s oceans, pushing down benchmark prices and sending ...

Ukraine said its drones struck the largest Russian gas processing plant in the Orenburg region, which also processes gas from ...

Climate change shifted the oil production debate from scarcity to demand. If countries do not deliver on ambitious green ...

(The Center Square) – The U.S. oil and natural gas industry set oil and natural gas production records in November. Crude oil output reached an estimated 5.9 million barrels per day in November, the ...

A drilling rig is shown near Arnegard, North Dakota, in September 2024. Advancements in drilling technology are helping oil ...

Chevron has achieved a major operational milestone in Angola, delivering first oil from its South N’dola offshore platform in ...

Russia’s biggest crude processing facility by production, the Omsk refinery, increased its crude processing by 4% between January and September compared to the same period last year, according to the ...

MITCHELL, S.D. — As you drive along Interstate 90 near Mitchell you will spot large buildings and grain bins being put up just south of town. That is the new High Plains Processing plant, which will ...

A man carries buckets while working to clean up an oil spill near a pipeline of state-owned Petroleos de Venezuela (PDVSA) in Voladero, Monagas state, Venezuela, on November 5, 2021. - Leaks, rusted ...

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. This article is more than 2 years old. CRANE, TEXAS - MARCH 12: ...

American oil production has reached its largest volume in recorded history—more than 13.2 million barrels per day in October, official figures show—outpacing its highest point under Donald Trump's ...