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2 mins read
Russia's lucrative oil and oil industry is an easy target for Europe after Trump's election victory
The European Commission's president said the European Union could boost US liquified natural gas pu…
Huileng Tan
3 mins read
Trump said he'll unleash an oil boom. Exxon Mobil CEO says not so fast.
ExxonMobil CEO Darren Woods said there isn't much opportunity for the oil industry to increase prod…
Catherine Boudreau,Jacob Zink…
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
2 mins read
Why AI could weigh down oil prices in the next decade, according to Goldman Sachs
The impact to supply due to the use of AI could end up outweighing any rise in demand from AI's pow…
Kelly Cloonan
2 mins read
Piyush Goyal invites Malaysian businesses to invest in India's oil, gas, and electronics sectors
Union Minister Piyush Goyal stressed enhancing trade ties between India and Malaysia at the India-M…
ANI
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
Ecuador could make history by banning oil drilling in the Amazon
Ecuador voters decide on August 20 whether drilling will continue in an oil-rich area of the Amazon…
2 mins read
ONGC declares highest ever standalone profit in FY24
The consolidated net profit of the company is also highest at Rs 57,101 crore in FY24. The crude oi…
ANI
3 mins read
Autry Stephens sold his company for $26 billion but died before the deal was done. Here's how a Texas farm boy became an oil tycoon.
Autry Stephens built Endeavor Energy into one of the biggest private oil producers and sold the com…
Theron Mohamed
2 mins read
Trump asked top oil execs for $1 billion campaign cash in exchange for environmental policy rollbacks, report says
Trump offered oil execs a $1 billion campaign contribution "deal" in exchange for dismantling Biden…
Rebecca Rommen
1 min read
With prices topping $100 per barrel, US oil companies need to hire thousands of workers — but employers like Amazon and Target have reportedly beaten them to the punch
Roughly 100,000 fewer workers are employed in the US oil and gas industry since before the pandemic…
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
3 mins read
A wave of M&A means the US oil-production boom may be over
Public and private firms have very different financial priorities. For the US oil industry this yea…
Aruni Soni
2 mins read
Big Oil is all in on electric cars
Heavyweights of the combustion-car era like Shell, Exxon Mobil, and BP could dominate the electric …
Tim Levin
2 mins read
Videos and photos show how oil rigs can be bigger than skyscrapers
Fossil fuel dependency has led humans to build some of the largest structures on Earth — from float…
Grace Kay
3 mins read
Trump sought $1 billion from oil execs for his 2024 campaign in a deal worth $110 billion to energy giants, reports say
Trump is alleged to have sought $1 billion from oil execs for his 2024 campaign in a deal worth $11…
Rebecca Rommen
1 min read
Legendary oil mogul Harold Hamm eyes the next stage in the US shale oil boom: 'Generation 3' rock
"That's to deal with the tough rock that contains a lot of things that heretofore we weren't able t…
Filip De Mott
3 mins read
Biden promised 'no more drilling on federal lands, period.' He just broke that pledge to approve a massive oil project in Alaska.
The Biden administration on Monday officially approved one of the largest-ever drilling projects on…
Eliza Relman
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…