Deepwater oil drilling in the Gulf of America unlocks the Paleogene layer, where extreme pressures hold tens of billions of ...

Despite the biggest supply shock in history, the oil market turned out to be significantly more flexible than most experts ...

The Strait of Hormuz has reopened, for now, and Middle Eastern countries that shut off their oil wells during the war (the ...

The L.A. City Council attempted to phase out oil production in 2022, but the ordinance was struck down by a judge following ...

Tullow Oil will expand Jubilee development offshore Ghana. All six wells from the 2026 drilling program will be onstream this year. A Plan of Further Development has been approved for drilling of up ...

A Texas oil executive accused of theft of services involving at least $300,000 has been arrested in New York and is now facing first-degree felony charges in West Texas, prosecutors announced Friday.

Global oil stocks outside China are drawing down at nearly 1.7 million bpd -- and even China has started tapping its reserves, eroding the inventory buffer that has kept prices from spiking further.

May 10 (Asia Today) --Supply chain disruptions caused by the Iran war are spreading beyond oil markets into global food and chemical industries, as shipping through the Strait of Hormuz remains ...

4:30 P.M. WE HAVE AN UPDATE ON CALIFORNIA’S OIL AND GAS SITUATION. AS STATE LEADERS GET READY FOR PRICES TO GO UP, EVEN MORE. CALIFORNIA IS RELYING ON MORE IMPORTED FUEL THAN EVER RIGHT NOW, A ...

The United States exported oil at record levels in April, rushing to fill a global supply gap amid the Iran war, even as gas and oil prices remained stubbornly elevated. April exports averaged 5.3 ...

In a world of wild talk and fake news, help us stand up for the facts.

America is the world's leading oil producer. The United States is less reliant on foreign oil than at times in the past. And of the oil we do import, only 8% comes from the Middle East. Why, then, ...