Now that the oil and gas industry is no longer constrained by former President Joe Biden’s regulatory regime, the market ...

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 ...

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

President Donald Trump’s campaign promise of U.S. “energy dominance” is running into a flood of OPEC crude oil — a surge of fuel production pushed by the Saudi leaders greeting him during ...

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

The U.S. Department of Energy announced Friday it has approved an exchange from the Strategic Petroleum Reserve, or SPR, with ...

U.S. onshore oil production has likely peaked and will start to decline due to the recent plunge in crude prices, jeopardizing the nation’s position as the world’s largest fossil fuel producer ...

The U.S. crude oil price benchmark, West Texas Intermediate, fell 8% to less than $68 a barrel, the lowest level since last week. The global Brent crude price benchmark likewise fell about 8%. Major ...

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.

On Thursday, oil futures in New York were trading at about $60 a barrel. The oil price is at depths rarely seen in the past 20 years, Stice said, and the U.S. oil business is at “a tipping point.” ...

U.S. crude oil supply will rise more slowly than expected for the rest of 2025 and in 2026 and peak as early as this year, as WTI benchmark prices below $60 per barrel are testing the breakeven ...