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 ...

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.

U.S. August oil production increased by 86 kb/d to 13,794 kb/d, another new high. Texas production has rebounded since the ...

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 ...

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

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 ...

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 ...

This is read by an automated voice. Please report any issues or inconsistencies here. SACRAMENTO — In a bid to stabilize struggling crude-oil refineries, state lawmakers on Saturday passed a ...

U.S. oil and gas companies are using automation and outsourcing to reduce their workforce, despite record production levels. The oil and gas industry is not expected to see job growth, and wages are ...