B ig Oil leaders Exxon Mobil, Chevron, and Shell continue to hike their crude oil production volumes from West Texas’ Permian Basin to the Gulf of Mexico and deepwater Guyana despite concerns of a ...

America's oil magnates are prepared for prices to be lower next year, as supply on Texas' Permian Basin ramps up to account for 40% of U.S. oil production in the near future.

Gov. Gavin Newsom (D-CA) on Friday signed sweeping climate and energy legislation aimed at reducing emissions, lowering energy costs, and increasing oil production. The legislation passed last week ...

The two biggest U.S. oil companies increased production in the third quarter and reported lower but still robust profits.

By implementing automated gas-lift systems, AI-powered pump response prioritization, and real-time process modeling, ...

The U.S. Department of Energy said on Tuesday it is looking to buy 1 million barrels of crude oil for delivery to the ...