Crude oil futures jumped despite the widely expected OPEC+ decision to unwind another 411K bbl/day of production cuts in July, outweighed by escalating geopolitical tensions.

Rising costs, shareholder demands, and maturing oil fields are shifting the U.S. energy narrative from growth to stability. The term “peak oil” has sparked debate for decades, fueling ...

Equinor ASA EQNR, the Norwegian energy major, has signed a significant agreement to sell its 60% operated interest in Brazil's Peregrino oil field to PRIO Tigris Ltda., a subsidiary of Brazilian ...

The Los Angeles County Board of Supervisors is calling for a series of reports to identify potential gaps in public safety related to oil drilling operations during a continued phase-out of such ...

SAN ANTONIO — Two men are in custody after Atascosa County authorities say they were interrupted trying to steal a tanker truck from a Pleasanton-area oil field. Inside that truck: crude oil.

NEW YORK, May 5 (Reuters Breakingviews) - Oil fields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum age, crashing oil prices.

“At a time in which the climate crisis continues to rage on because of the actions of companies such as Shell, every new oil or gas field is simply one too many. This is why we are once again ...

The Búzios Field in the Santos Basin, the largest ultra-deepwater facility of that kind worldwide, produced 1 billion barrels of oil in March, the state-owned company Petrobras announced this ...

Several of the executives interviewed said they want Trump to provide tariff carve-outs for oil field equipment and set a floor under oil prices by persuading OPEC leaders to restrain production ...

Oil prices dropped Monday, as the Organization of the Petroleum Exporting Countries and its allies agreed to boost output again in June. OPEC+, a grouping led by Saudi Arabia and Russia, over the ...

Production from the Tapti oil fields ceased in March 2016. Contracts were awarded to Indian companies Larsen and Toubro (L&T) for offshore execution and g (CLSPL) for onshore dismantling.