"Despite the 'energy emergency' claims, the US is producing energy in record quantities," JPMorgan Asset Management wrote.

Crude oil reached a 26-week high last week but faces a bearish reversal after breaking $77.30, with key support and ...

China’s CNOOC reported record oil and gas production from a field called Deep Sea #1. The field was the company’s first ultra ...

Commercial crude stockpiles rose by 3.5 million barrels. Analysts had predicted inventories would increase by 1.1 million ...

The exploration was conducted through Gulf of Suez Petroleum Company (GUPCO), a joint venture between Dragon Oil and the ...

“The Three Forks Formation is a prolific unconventional ... Bakken play and less than 2% of total output. Related: Oil Rises as Crude Inventories Continue to Draw What the state’s researchers ...

America leads the world in energy dominance, excelling in oil, gas, renewables, and biofuels. Explore how U.S. innovation and production drive global energy leadership.

Oil prices rose more than 2% on Wednesday, supported by a large draw in U.S. crude stockpiles and potential supply disruptions caused by new U.S. sanctions on Russia, while a Gaza ceasefire deal ...

Here’s a look at crude oil reserves and production around the world. Facts Crude oil is a form of liquid petroleum, extracted from rock formations and used for fuel and other purposes. Members of the ...

Crude oil further tested resistance on Tuesday around the top boundary line of a large symmetrical triangle formation and the most recent swing high at 79.09. An upside breakout of that line ...

The Vaca Muerta Sur pipeline is expected to span 437 km, transporting oil from the Vaca Muerta formation to a coastal ... so VMOS can begin exportation of crude oil in a timely manner.