The compromise would streamline environmental approvals for new wells in oil-rich Kern County and make offshore drilling more ...

Despite the fact that Russia's total oil reserves are estimated at 31 bln tons, only about half of them are profitable at the current level of technology, First Deputy Energy Minister Pavel Sorokin ...

Crude oil prices CL.1 fell Sunday after the Organization of the Petroleum Exporting Countries and its allies announced Saturday they will increase oil production by a larger-than-expected amount in ...

The Pikka project will eventually reach peak production of 80,000 barrels of oil daily, said Peter Laliberte, vice president ...

The DOI has expanded the allowable pressure differential for single-wellbore oil production from multiple reservoirs in the Gulf of America's deep waters. Image by MikeMareen via iStock The United ...

OPEC+ has agreed to further raise oil production from October as its leader Saudi Arabia pushes to regain market share, while ...

NEW YORK/HOUSTON, March 27 (Reuters) - U.S. oil producers are grappling with geological limits to production growth as the country's top oilfield ages and produces more water and gas and less oil - ...

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. Kuwait, one of the top OPEC producers in the Middle East, plans to invest as ...

Indian crude oil production slid by 0.7% on the year in July to a total of 2.4 million metric tons, equal to some 568,000 barrels daily, the Petroleum Planning and Analysis Cell of the Indian energy ...

Total U.S. crude oil production, including lease condensate, is projected to average 13.41 million barrels per day this year in the EIA's latest STEO - but where will this oil come from?