Trump gives Chevron 30 days to stop pumping oil in Venezuela over Maduro’s stalled reforms, migrant returns
President Trump on Tuesday reversed a Biden-era license that allowed the oil giant to operate in Venezuela despite US sanctions ...
US oil and gas production hit record high in December, says EIA
U.S. crude oil and natural gas output set records in December, and oil demand touched multi-month highs, the U.S. Energy ...
Oil Prices Fall After OPEC Plus Affirms Plan to Raise Production
Oil prices fell on Monday afternoon to their lowest level of the year after the OPEC oil cartel and its allies affirmed plans ...
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Offline for a Decade, Libya’s Mabruk Field Restarts Production
Libya has resumed production at the Mabruk oilfield after a decade-long shutdown, the Tripoli-based Government of National ...
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Shell Starts Oil Production at GKGJE Phase 4 Offshore Borneo
The consortium expects phase 4 to average 21,000 barrels of oil equivalent a day. The development consists of three oil ...
BP announces boost in oil, gas production after falling profits
Petroleum giant BP said on Wednesday that it plans to boost its annual oil and gas spending to $10 billion through 2027 as ...
Texas Has an Oil Problem
A number of oil refineries in Texas have complained about the quality of Mexican oil and have reportedly been turning to suppliers in Colombia and Canada.
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Trump’s oil ambitions face harsh economic and geologic realities
The problem: U.S. oil production growth is starting to dwindle ... head of research at Novi Labs, an Austin, Texas-based research firm that uses artificial intelligence to analyze the economics ...
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Ukraine takes out 10% of Russia’s oil refining
The assessment was made based on the opinions of three oil executives ... Russia has no choice but to cut oil production. The journalists noted that the current daily oil production in Russia ...