Ever since Russia invaded Ukraine in February 2022 and oil prices soared around the globe, the oil industry has enjoyed three highly lucrative years with historic profits. The sector is still ...

In a dusty swath of sagebrush country near the Texas-New Mexico border, engineers at oil producer Matador Resources Co. encountered a problem. Conventional wisdom called for drilling four wells ...

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NEW YORK, Nov 1 (Reuters) - Oil prices edged up on Friday on reports Iran was preparing a retaliatory strike on Israel from Iraq in coming days, but record U.S. output weighed on prices.

What is the price of crude oil today? WTI futures traded at $68.17 per barrel, as of 9 a.m. ET. Year to date, WTI prices are down by 7.18%. Brent futures traded at $71.87/bbl, an increase of 0.35% ...

Occidental Petroleum currently makes most of its money from oil and gas production, especially after acquiring CrownRock. It expects to add over $1 billion of incremental annual free cash flow ...

Oil May Spike After US Election on Mideast Risk, StanChart Warns Global crude market has ‘relaxed too quickly’ following strike Renewed conflict between Israel and Iran possible after vote ...

Copyright 2024 The Associated Press. All Rights Reserved. FILE - An array of pumpjacks operate near the site of a new oil and gas well being drilled April 8, 2022 in ...

In recent years, the global oil market has been impacted significantly by COVID-19 disruptions, price wars between oil-producing nations, Russia's war in Ukraine and the conflicts in the Middle East.

Crude oil prices began the week with a loss, after Israel’s retaliatory strike against Iran failed to inflict substantial enough damage, according to the Iranian side, thus reducing the risk of ...

Per a statement by the National Oil Corporation of Libya, Italy’s Eni resumed exploratory drilling in the Ghadames Basin last weekend. The company operates the exploration block where it is ...

Oil prices notched their steepest one-day drop since 2022, as concerns about supply disruptions in the Middle East ease following Israel's strikes on Iranian military facilities.