You Searched For "crude oil history" and got 20 results
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4 mins read
2 of the world's biggest oil producers are looking for new ways to power their economies
The US has witnessed a massive rise in oil production over the last 15 years amid the shale boom.
Huileng Tan
2 mins read
Saudi minister says crude prices could fall 33% if OPEC members don't stop pumping so much
Prince Abdulaziz bin Salman said OPEC members are ignoring their quotas.
Filip De Mott
3 mins read
JD Vance says pumping more oil will make housing cheaper. Economists say that's a stretch.
Economists say when it comes to home building, looser rules, cheaper building materials, and more w…
Eliza Relman
2 mins read
Oil oversupply could send prices tumbling in 2025, energy analyst says
Some forecasters have called for oil prices to hit $50 a barrel. That would mark a decline of nearl…
Jennifer Sor
1 min read
China's weak economy and record US production will lead to a surplus of one million barrels of oil a day next year, IEA says
Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 mil…
Jennifer Sor
2 mins read
Satellite images show the difficult mission to save a stricken oil tanker in the Red Sea
The Houthis attacked the MV Sounion multiple times in August, leaving the oil tanker stranded in th…
Jake Epstein
1 min read
US crude-oil production will slow sharply from record heights over the next year, EIA says
US production won't reach December's record level until early 2025, the Energy Information Agency s…
Filip De Mott
2 mins read
The US is pumping more oil than any country in history - and it's unlikely to be surpassed any time soon
The US produced an average of 12.9 million barrels a day last year, more than Russia or Saudi Arabi…
Filip De Mott
2 mins read
The US will be an oil production powerhouse through at least 2026, Goldman Sachs says
The US is on track to churn out 270,000 barrels of oil a day in 2026 as the drilling boom continues…
Jennifer Sor
2 mins read
Houthi operatives placed explosives on a tanker and detonated them, risking a catastrophic oil spill in the Red Sea
The Houthis attacked the Greek-flagged MV Sounion multiple times last week and have threatened to c…
Jake Epstein
3 mins read
More fake aircraft are popping up at Russian bases in a crude attempt to fool Ukraine
These images show the mural-like decoys Russian airmen have painted at bases inside Russia and with…
Jake Epstein
2 mins read
Oil slides 4% as US gasoline demand shows signs of dropping off right in the middle of the summer driving season
The damage to consumer demand from gasoline at $5 a gallon was apparent in an unexpected build in w…
Amanda Cooper
1 min read
Crude oil is selling for over $100 per barrel, but 200 years ago it was a plentiful resource used in medicine and cosmetics. Here are 15 surprising facts about the history of oil and gas.
The first century of the oil industry was a wild and unregulated time, with fortunes made and lost …
Dominick Reuter
1 min read
The oil and gas industry is undergoing its biggest-ever consolidation
Upstream merger and acquisition activity hit $144 billion in the fourth quarter alone and $190 bill…
Filip De Mott
2 mins read
Here is why crude oil and gold prices are inching up because of Russia’s war on Ukraine
Russia’s full-scale attack against Ukraine along with sanctions by the US and western countries hav…
3 mins read
Oil and natural gas jump in Europe after EU unveils plans to phase out Russian crude within 6 months
Europe will gradually phase out Russian imports of crude oil and refined products in the coming six…
Amanda Cooper
3 mins read
Gas prices just hit a record high. Here's what Biden's ban on Russian oil means for prices at the pump.
"The high prices are likely to stick around for not days or weeks, like they did in 2008, but month…
Ben Winck
1 min read
US oil suppliers are getting a boost from Russian sanctions as India looks to buy more from them
India imported an estimated 7.6 million of US barrels in March, a significant increase from the 3 m…
Filip De Mott
3 mins read
Crude oil prices didn’t fall below zero, futures did – and here’s what it means
Crude oil futures dropped below zero for the first time in history, showing us just how much the de…
1 min read
Saudi Arabia oil exports soared to the most since 2016 in Q1 thanks crude prices above $100 a barrel and higher production
The General Authority for Statistics said Saudi Arabia's oil exports reached nearly $35 billion in …