World Crude Oil Production

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U.S. crude oil prices fall

Top 10 largest crude oil producers in the world

Crude oil remains a cornerstone of the global energy economy, with a few key nations dominating production. ・United States remains the world’s largest crude oil producer with 12.9 million barrels per day ・Russia holds second place with 10.

Republic World · 1d

OIL Prices Plunges After OPEC+ Proliferates Production

Following suit from the previous month, OPEC + has decided upon proliferating oil production, resulting in a challenge to the U.S. shale supply, whilst resulting in a plunge in oil prices.

NBC News on MSN · 1d

U.S. crude oil prices fall after OPEC+ agrees to surge production in June

U.S. crude oil futures fell more than 2% on Monday, after OPEC+ agreed to surge production for a second month.

Oil at cheapest in 4 years as Opec+ expedites output hike

Brent crude futures and U.S. West Texas Intermediate crude had settled at their lowest since February 2021 on Monday, driven ...

Hays Post19m

News from the Oil Patch: Crude prices dip to four year lows

Kansas crude prices also drop to four-year lows. Kansas Common crude at CHS in McPherson starts the week at $48.50 per barrel ...

OilPrice.com8h

Shale Major Sees U.S. Oil Production Peaking

Diamondback Energy predicts that peak onshore crude oil production in the United States has been reached and will decline due to reduced drilling activity prompted by lower oil prices.

OPEC+ to extend crude oil output hike in June

Major oil producing group OPEC Plus says it will accelerate production hikes in June, despite falling crude oil prices.

1don MSN

Barclays cuts 2025, 2026 Brent crude forecast as OPEC+ accelerates output hikes

Barclays lowered its Brent oil price forecast by $4 per barrel to $66/bbl for 2025 and by $2 to $60/bbl for 2026, citing the ...

OilPrice.com1d

Saudi Arabia Raises Oil Price to Asia as OPEC+ Boosts Supply Further

Saudi Arabia has increased the price of its flagship crude grade loading for Asia in June, even as OPEC+ decided to continue ...

Morningstar13d

DBRS: Lowering Oil Price Forecasts on Double Whammy of Tariffs and OPEC+ Production

Of approximately 104 mb/d world crude oil demand in 2024 ... eight OPEC+ countries agreed to gradually phase out voluntary oil production cuts. These gradual increases may be paused or ...

3don MSN

Pemex rehires former head of exploration and production amid crude decline

The former head of Mexican state oil firm Pemex's exploration and production arm has returned to his post after the surprise ...

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