A revitalized Venezuelan oil industry could lift production from 800,000 barrels daily back to its peak of 3 million, but the ...

This type of crude oil is characterized by high density and viscosity and is commonly defined by API gravity of less than 10°. The physical properties of extra-heavy crude are advantageous in many ...

Crude oil futures traded lower on Tuesday morning despite a winter storm affecting crude oil production and refinery ...

Crude prices slipped even as a powerful winter storm disrupted US oil production and refinery operations, with investors ...

By Marianna Parraga Feb 2 (Reuters) - Venezuelan oil exports rose to some 800,000 barrels per day (bpd) in January, from ...

By Georgina McCartney and Arathy Somasekhar HOUSTON, Jan 26 (Reuters) - U.S. oil producers lost up to 2 million barrels per ...

U.S. oil output hit a record 13.84M barrels per day in September. New Mexico, Alaska and Oklahoma drove monthly production gains. Offshore Gulf production reached its highest level since 2020.

He argued that optimal planning for increasing domestic oil production should be done every three years, not over decades, especially since increasing oil production capacity must be a gradual process ...

Oil prices fell well below $60 per barrel recently before rallying back above that key level this week, initially driven lower by oversupply and weak demand. Global oil inventories had been rising, ...

As Kenya edges closer to its first commercial oil production, one legacy question refuses to fade: what exactly did the Early Oil Pilot Scheme deliver, and was it worth it?The debate has resurfaced ...