Cheap crude is fueling growth in major importing nations like India, which is increasingly relying on discounted Russian oil. Forecasts slashing oil demand due to trade tensions may be overstated.

The EIA projects U.S. crude oil production to peak at approximately 14 million bpd in 2027. Shale oil production in the U.S. is also expected to peak in 2027. After the peak, U.S. oil production ...

After more than a week of oil shooting vertically out of an unused well off the coast of Louisiana, the U.S. Coast Guard announced Sunday evening that the offshore well blowout — first reported ...

Mr. Datta is a lawyer who works on energy security, industrial strategy and decarbonization policy. It’s been a brutal three months for the American oil and gas industry. Oil prices have dropped ...

That’s right: the “1,000 bottles of baby oil and lubricant,” essential to the infamous Freak Off sex benders depicted in the indictment. (Runner-up: the intravenous drip used to rehydrate ...

Renaissance Africa Energy Company Limited disclosed on Tuesday that it has halted oil shipments via its Okordia-Rumuekpe pipeline in the coastal Rivers State following a spill. The pipeline ...

US oil prices are down over 22% since hitting a peak in January. Oil markets have suffered amid trade war and recession uncertainty. OPEC+ is discussing plans to boost oil output in June.

OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, five OPEC+ sources said as the group’s leader Saudi Arabia seeks to ...

Global oil prices have tumbled since President Donald Trump's tariff announcement. Urals crude fell to $47.50 a barrel last week, the lowest level for almost two years. Russia may offset lower oil ...

BP BP0.09%increase; green up pointing triangle said it has discovered oil at the U.S. Far South prospect in the Gulf of Mexico at a time when the British energy major is growing upstream ...

OPEC cut forecasts for global oil demand growth slightly this year and next as President Donald Trump’s tariff onslaught takes a toll on consumption, while remaining more bullish than other ...