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.

All of the Crude plus Condensate (C + C) production data, oil, for the US state charts comes from the EIAʼs PSM, which provides updated information up to February 2025. The February production data ...

The International Energy Agency predicts production to outstrip demand by a record 4 million barrels per day by next year.

U.S. March oil production increased by 248 kb/d to 13,488 kb/d, a new high. The largest increases came from Texas and New Mexico. According to the EIA, New Mexico’s March production rose by 100 kb/d ...

NEW YORK, May 5 (Reuters Breakingviews) - Oil fields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum age, crashing oil prices. A mere ...

A new federal forecast projects that U.S. crude production will fall next year along with global benchmark oil prices. Domestic oil production is forecast to drop more than previously expected in 2026 ...

NEW YORK/HOUSTON, March 27 (Reuters) - U.S. oil producers are grappling with geological limits to production growth as the country's top oilfield ages and produces more water and gas and less oil - ...

This is read by an automated voice. Please report any issues or inconsistencies here. SACRAMENTO — In a bid to stabilize struggling crude-oil refineries, state lawmakers on Saturday passed a ...

Russian oil production is facing a significant decline due to global sanctions imposed after the invasion of Ukraine, which have denied Russia access to essential Western technology and equipment ...

Ecuador's vital oil industry is in a sharp decline, leading to a deepening economic crisis with soaring fiscal deficits and ...

In a bid to stabilize struggling crude-oil refineries, state lawmakers on Saturday passed a last-minute bill that would allow the construction of 2,000 new oil wells annually in the San Joaquin Valley ...