February WTI crude oil (CLG26) on Tuesday closed up +0.90 (+1.51%), and February RBOB gasoline (RBG26) closed up +0.0386 ...

Oil production at Kazakhstan's vast Tengiz oil field, one of the world's largest, has not resumed since its operator announced a shutdown on Monday, a spokesperson for Chevron , which owns 50% of ...

The World’s September oil production increased by 737 kb/d to 86,033 kb/d, a new World Peak Oil All Time High. Read more here ...

The U.S., Eurozone, and Chinese manufacturing indexes all showed contraction at year-end. Weakness in manufacturing in China, the EU and the U.S. has been weighing on demand for distillates and will ...

Behind America’s considerable lead in oil production, Saudi Arabia (ranked 2nd) produced 12 million B/D, accounting for about 13% of global supply. Russia came in third with 11 million B/D in 2022.

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The Red Sea region has historically been a hot spot for geopolitical tensions that have the potential to disrupt global oil supply routes. So why haven’t we seen oil prices surge higher in recent ...

DUBAI, May 24 (Reuters) - The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia are known collectively as OPEC+ and will meet on June 2 to discuss their joint oil ...

Oil futures advanced on Monday, with West Texas Intermediate crude reaching a five-month high after data showed business activity in the U.S. manufacturing sector expanded at a modest pace last month, ...

The U.S. is a key player in the world of oil production, producing several key types of oil in 32 of 50 states, averaging 16.6 million barrels per day in 2023. This amounts to an annual production of ...

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. MIDLAND, TX - JULY 29: President Donald Trump speaks to city ...

The U.S. set a new annual oil production record on December 15, based on data from the Energy Information Administration. Although the official monthly numbers from the EIA won’t be released for a ...