There are currently serious fears about a glut in the oil markets – too much oil. And an abundance of oil has the effect of ...

Eight members of the oil cartel agreed on Sunday to a small increase but said they would now pause in adding more oil, reflecting market concerns about an oversupply.

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. A mere ...

Big Oil leaders Exxon Mobil, Chevron, and Shell continue to hike their crude oil production volumes from West Texas’s Permian ...

Listen to more stories on the Noa app. Raising America’s fossil-fuel output was not part of the president’s original plan. In his first week in office, Biden killed the proposed Keystone XL pipeline ...

The move caps a dramatic month in oil markets, riven by concerns of a supply glut and uncertainty over sanctions on Russian producers.

OPEC+ agreed Sunday to further increase oil production in October, in an ongoing move to regain market share at the expense of prices. Eight members of the Organization of the Petroleum Exporting ...

Abu Dhabi hosts a major oil summit Monday, just after the OPEC+ group of the cartel and its allies announced they would halt planned production increases for early 2026 ...

American oil production has reached its largest volume in recorded history—more than 13.2 million barrels per day in October, official figures show—outpacing its highest point under Donald Trump's ...