The group's decision has triggered a supply surge, despite crude oil sliding to the low-$60s per barrel - and U.S. shale producers are "feeling the squeeze," economists at Allianz Research, led by ...

U.S. energy firms this week cut the number of oil and natural gas rigs operating to their lowest since January, energy ...

President Donald Trump wants more oil drilling, but one Texas producer expects low prices to send output downward.

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Plummeting crude prices could shave 10% off U.S. rig count in first half, Diamondback says. Its CEO says it's slowing as it sees a "red light" ahead..

The U.S. Energy Information Administration cut its average Brent oil spot price forecast for 2025 and 2026 in its latest ...

Crude oil inventories in the United States saw a decrease of 2 million barrels during the week ending May 2, according to new ...

U.S. crude oil inventories fell by 2 million barrels to 438.4 million barrels in the week ended May 2 and were about 7% below ...

Crude futures rebound on China trade talk optimism, lower U.S. output, and bullish chart signals—setting up a potential ...

Diamondback Energy’s CEO told shareholders that “prices, volatility and macroeconomic uncertainty” threaten U.S. oil production. He might be addressing leaders in D.C. as well.

The EIA sees most of the production growth coming from countries outside of the Organization of Petroleum Exporting Countries and its allies. Its estimate for U.S. production was revised down to 13.4 ...