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

Oil fields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum ...

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

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

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.

Crude oil prices fell to a multi-year low on Monday as OPEC+ confirmed plans to continue unwinding production cuts, ...

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

On Monday, global crude prices sank after OPEC+ agreed over the weekend to surge production for a second month, adding to ...

Crude oil remains a cornerstone of the global energy economy, with a few key nations dominating production. ・United States ...

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.

OPEC+ ramps up output by 800,000 bpd, setting a bearish tone as weak oil demand and rising inventories pressure the global ...

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