Mexican government estimates indicate a rapid decline in oil production after 2030, raising concerns about global energy security. Previous questionable practices by oil producers, such as reserve ...

LONDON, Dec 2 (Reuters) - Changes OPEC+ is making to its oil production quota system will likely spark a wave of upstream investments among members, particularly in low-cost Gulf producers, ...

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. BIG SPRING, TEXAS - OCTOBER 04: The entrance to the Big Spring ...

FORT STOCKTON, TEXAS - MARCH 24: The sun sets behind a pumpjack during a gusty night on March 24, 2024 in Fort Stockton, Texas. Employment in Texas has reached record highs, with the oil- and ...

The liberation of Iraq and the overhaul of its creaky oil production system were supposed to boost supplies and help lower prices. That may yet happen. But with Iraq still producing less than half of ...

According to the U.S. Energy Information Administration’s (EIA) latest short term energy outlook (STEO), which was released earlier this month, the U.S. will produce 13.45 million barrels of crude oil ...

EIA and BOEM: Gulf of Mexico’s output is projected to rise from 1.8 million barrels per day (bpd) to 2.4 million bpd by 2027. Recent BOEM assessments estimate the Gulf holds 29.59 billion barrels of ...

The U.S. Energy Information Administration revealed its latest U.S. crude oil production forecasts in its January short term energy outlook. The U.S. Energy Information Administration (EIA) revealed ...

Russia's average daily production of crude oil in 2024 slumped to its lowest level in nearly two decades, according to the latest figures, which reportedly show the impact of Ukrainian drone strikes ...

Chris Wright's optimism about US shale production growth is unrealistic. US shale crude oil production is plateauing. Weak production growth in Q4 2024 and adverse weather in early 2025 signal a ...

LAKEWOOD, Colo.--(BUSINESS WIRE)-- Pioneer Energy announced today they have been selected by the U.S. Department of Energy for four different awards which collectively total $27 million. Three of ...

Nigeria’s crude oil and condensate production fell to an average of 1.58 million barrels per day in September 2025, following a three-day strike by senior oil workers and scheduled maintenance at key ...