Scientists discover massive deposits of this valuable resource sitting beneath the feet of millions of Americans.

Pope Francis greets and blesses the crowd in the Vatican square as he makes a touching appearance during Palm Sunday. The ...

Newly discovered offshore oil and gas deposits in Pakistan’s territorial seas could be brought to surface by Pakistan and ...

Global oil demand will grow at its slowest rate for five years in 2025 and U.S. production rises will also taper off, due to ...

The focus of this post is an overview of world oil production, along with a more detailed review of the top 11 Non-OPEC oil ...

Lim Han Weng and Lim Chern Yuan have turned their Yinson Holdings into a well-oiled machine that helps global oil and gas ...

Falling energy prices are squeezing the bonds of oil-producing companies and countries throughout the developing world, as ...

The price of West Texas Intermediate is hovering around $60 per barrel — not low enough to kill the oil patch, but not ...

BP has announced a new oil discovery in the deepwater U.S. Gulf of Mexico, marking a boost to its upstream production ...

U.S. oil production will peak at 14 million barrels per day (bpd) in 2027 and maintain that level through the end of the decade, before rapidly declining, the U.S. Energy Information Administration ...

The estimate includes 5.77 billion bbl of oil and 7.15 tcf of natural gas—a 22.6% increase in remaining recoverable reserves, DOI said.

(read more) The commodity of crude oil is by far the world’s most important energy source and the price of oil therefore plays an important role in industrial and economic development.