U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row to the lowest ...

Despite the rise of renewables, oil and gas remain critical energy sources due to ongoing high demand and their role in the production of clean energy technologies.

In 2024, the oil and gas markets were shaped by several significant trends including shifting demand, geopolitical turmoil and rising production. As the two key oil benchmarks (Brent and West ...

The move would bar new oil and gas leases along the Atlantic coast, the eastern Gulf of Mexico, the Pacific coast and portions of the northern Bering Sea, two people familiar with the plans said.

The first is that a lot of oil and gas components are used in construction of an EV. Second, as sales of EVs increase, they displace internal combustion engines (ICEs), and they displace oil that ...

With all due respect to Charles Dickens, the oil and gas sector is increasingly a tale of two markets. Depending on where you focus, it is the best of times, and it is the worst of times.

The number of active rigs drilling for oil and gas in the U.S. fell by 4 to 576, extending a recent decline to its lowest level since December 2021, Baker Hughes said.

Within hours of taking office, President Trump declared a national energy emergency as part of his plan to push for more oil and gas drilling and to heavily boost fossil fuels. He also started a ...

The global AI in the oil and gas market is undergoing a significant transformation, driven by the growing need for efficiency ...