Firms have used billions of gallons of Rio Grande and Pecos River water for drilling in the Eagle Ford Shale and elsewhere, ...

A report from commodity experts at S&P Global suggests that President Donald Trump’s push to boost domestic oil output may fall flat in 2026. A new analysis on the U.S. oil patch shows a ...

Crude oil stocks, not including the SPR, stood at 438.4 million barrels on May 2, the U.S. Energy Information Administration's latest weekly petroleum status report showed. Image by hachiware via ...

Pumpjacks draw out oil and gas from well heads near Calgary in April 2023. Canada has the third-largest oil reserves in the world and is the world's fourth-largest oil producer. But a steep drop ...

the group of oil-producing countries announced on Saturday that it will increase output again in June, which would make room for the supply surplus. This means prices continue to drop going into fall.

Fitch Ratings says lower oil prices could hit some Gulf budgets harder than others In a worse-case scenario where oil prices drop to $45 a barrel, all six GCC countries are likely to run budget ...

The Trump administration on Thursday targeted Iranian oil with a new slate of sanctions — a move that increases pressure on the Islamic Republic amid talks between U.S. and Iranian officials to ...

Following the OPEC+ announcement, crude oil prices experienced a significant drop. Brent crude saw its sharpest monthly fall since November 2021, decreasing nearly 9% in April alone.

With crude prices at multi-year lows, the US oil industry is at a "tipping point," a top energy exec said. A historic production boom is at jeopardy if prices don't stabilize. America's oil boom ...

Diamond Hill Capital, an investment management company, released its “Small Cap Fund” first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In Q1, markets were ...

"A drop in crude oil prices over the past three months has reduced our expectations for U.S. crude oil production growth," the EIA wrote, as it trimmed its 2025 average Brent spot price forecast ...

Various local news sources in Tuscaloosa, Alabama, are reporting that an explosion has left smoke billowing from a local oil refinery. According to WBRC, Tuscaloosa Fire Rescue confirmed that an ...