U.S. energy firms this week cut the number of oil and natural gas rigs operating for an 11th week in a row for the first time ...

Oil prices drop over $1 as traders consider new U.S. sanctions on buyers of Russian oil and potential tariffs.

The total number of active oil and gas drilling rigs in the United States has decreased again this week, alongside a dip in ...

Venezuelan state-run PDVSA's oil sales abroad in 2024 stood at $17.52 billion, according to a results document seen by ...

The Saudis are hurting the US oil industry. Trump’s unlikely to talk about it. The oil issue? "It’s secondary," says one expert, as the president prepares for talks in the Middle East.

U.S. crude oil inventories rose last week by 7.1 million barrels for a second consecutive build, while gasoline stocks fell ...

U.S. crude oil prices rose more than 4% to $59.56 per barrel Tuesday as domestic production is expected to decline.

US crude oil supply growth is projected to slow and peak as early as this year, with lower oil prices impacting shale production profitability.

Hurt by weakening demand and depressed prices, US oil output is expected to shrink in 2026 for the first time since the Covid-19 pandemic and just the second time in the past decade.

Oil prices drop over 2% as investors react to Trump's tariffs and their implications for global economic growth.

The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil production despite weak demand.

President Donald Trump wants more oil drilling, but one Texas producer expects low prices to send output downward.