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..

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

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 ...

The US cut its forecast for domestic crude production this year even before oil’s latest plunge below $60 a barrel prompted ...

The Trump administration aims to make fossil fuels cheap—so cheap they wouldn’t be worth extracting. “‘Drill, baby, drill’ is ...

Producers are curbing spending, and drilling activity may stay muted into the second half of the year unless tariff issues ...

For 2026, the EIA now expects an average price of $61.48, down from $68.47. Chevron may reduce buybacks if weak oil prices ...