U.S. oil production will likely peak within the next five years or so, Oxy’s CEO Vicki Hollub said. But secondary and tertiary recovery methods, such as CO2 floods, could sustain U.S. output.

U.S. December oil production increased by 95 kb/d to 13,491 kb/d, a new all-time high. According to the EIA, New Mexico’s ...

Brent crude futures increased by 38 cents or 0.5 ... year's production increase of 1.02 million barrels per day. Government data on oil inventories is expected to be released later today, with US ...

The US Energy Information Administration (EIA) revised its forecast for 2025 average US benchmark Henry Hub natural gas spot prices upward following a cold end to February.