Occidental’s Vicki Hollub says pullbacks in capital spending could mean production in the prolific basin tops out as soon as next year. Technology and efficiency gains aren’t ...

Wastewater disposal in the Permian Basin is boosting pressure underground, threatening to hinder oil production ...

Turkiye's Energy Minister Alparslan Bayraktar has announced that US oil producer Continental Resources has estimated a shale ...

OPEC Plus is considering another significant oil production increase for July after announcing previous increases for May and June, with a final decision expected on June 1st.

Is peak oil production in the U.S. near? Learn what it means, why it matters, and how it’s shaping the future of American ...

U.S. oil producer Continental Resources estimates there is a shale oil reserve of 6.1 billion barrels in Turkey's southeastern Diyarbakir ...

A slowdown in drilling activities in the Permian Basin, the largest U.S. shale oil production region, should provide some underlying support to the price of crude oil, Goldman Sachs said in its most ...

Saudi Arabia and Russia, the group's leaders, are also pushing a secondary objective behind OPEC+’s plan to increase oil ...

Youssef Salem, CFO at ADNOC Drilling, delves into the strategic importance of the deal and offered insights into what lies ...

OPEC+ output hikes, however, also come as the best quality shale areas in the biggest U.S. oilfield, the Permian, have been ...

OPEC+ aims to increase oil output, challenging U.S. shale producers to regain market share. The strategy, spearheaded by ...