It depends on multiple factors. But as one expert put it, “if they’re not producing those barrels of oil, somebody else will.

Concerns around tariffs and conflicts in the Middle East and Ukraine have taken a backseat to more fundamental factors ...

Worldwide Look at Reserves and Production. At the end of 2023, the world’s proven oil reserves reached 1,754.6 billion bbl, an increase from the previous year’s 1,746.8 billion bbl, according ...

The Oil & Gas Journal ReEnterprised podcast addresses issues facing the petroleum industry in a way that highlights its transformation in light of the energy transition to a net-zero carbon future ...

The energy company joined BP in flagging that weaker prices would weigh on results. Shell said earlier it anticipated a hit ...

Supply and demand. The global LNG market is set for “significant change” in 2025 after two years of relatively limited growth, according to S&P Global Commodity Insights, which says total ...

The latest release of the U.S. Energy Information Administration’s (EIA) annual U.S. Energy-Related Carbon Dioxide Emissions ...

The world today uses far more oil, natural gas, and coal than when the lavish green spending programs began. Oil use itself is now 25 percent higher than in 2000. Oil remains the single largest source ...

Environmental advocates say the fight isn't over in halting new oil and gas production in New Mexico, at least until stricter ...

U.S. Oil and Gas Are Back and Booming The Haynesville basin in Louisiana and Texas is humming with drillers. Among them is Chesapeake, a fracking pioneer that was in bankruptcy just two years ago.