A new discovery in the Permian Basin is challenging the narrative that shale oil and gas in the United States is declining.

Oil has long been the backbone of Venezuela’s economy. The bulk of Venezuela’s oil lies in the Orinoco Oil Belt, a vast geological formation stretching across eastern Venezuela. At current prices of ...

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. U.S. shale producers are using new technologies to extract more oil from existing wells, even ...

“Precision is fundamental to science. This is particularly the case regarding accurate terminology. Unfortunately, within the ...

Crude oil stockpiles, reserves of unrefined petroleum, help stabilize oil supply and demand. Explore their impact, how they're measured, and why they matter.