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 ...

Oil and Gas Development Company Limited (OGDC), the operator of the Nashpa Exploration Licence, on Tuesday announced another oil and gas discovery at its exploratory well Baragzai X-01 (Slant), ...

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 ...

I asked how low crude oil can prices fall in a November 6, 2025, Barchart article, where I concluded with the following: NYMEX crude oil’s price remains above the $55 support level in early November ...

LAUNCESTON, Australia, Dec 16 (Reuters) - China's flows of crude oil into storage probably jumped in November to the highest in six months, as a surge in imports overwhelmed steady refinery processing ...