Crude oil production on federal lands in the US is at a record high, increasing sixfold over the past 15 years, according to ...

Murphy Oil boosts production by 15%, maintains guidance, and cuts costs. Trading at a 28% book value discount with a 5%+ ...

BP, the energy giant that once rebranded itself as “Beyond Petroleum” in a push toward renewable energy, has reversed course ...

And indeed, the group did order a production increase. Meanwhile, Trump has explicitly asked OPEC+ to produce more oil to bring down prices, although it's not clear what influence that may have had.

Oil prices are expected to fall in the coming autumn months due to the emerging oversupply, according to experts. Supply in the oil market has been on the upside since the Organization of the ...

BP said it anticipates higher oil production and trading revenue in the second quarter, helping to offset falling fuel prices ...

Why are oil prices plummeting? Hint: it's not just tariffs. When the economy slows down, the price of oil tends to fall. But this time, OPEC+ is increasing production despite weak demand.

Any offshore oil rig that extends past 1500 meters is considered to be an ultra-deepwater production facility. However, that's still nowhere close to the deepest man has explored in the ocean.

Shell, for its part, expects its LNG production and trading and oil trading businesses to book significantly lower results for the fourth quarter of 2024, due to seasonality and timing of lifting.