President Donald Trump moved on his first day in office to increase U.S. oil and gas production, but the country's oil ...

Despite US President Trump's efforts to boost U.S. oil production, the industry faces potential output cuts and job losses.

The total active rig count fell by 2 to 590, down 30 from a year ago, with oil rigs rising 5 to 489 (still 19 below last year) and gas rigs dropping 7 to 96 (14 fewer than 2024). In the Permian ...

Thursday closed down -2.07 (-3.32%), and May RBOB gasoline (RBK25) closed down -0.0771 (-3.78%). Crude oil and gasoline ...

Yes, the oil they retrieve could become fuel or some other petroleum product, but they generally make money from retrieval via drilling on an oil rig or fracking in gas field—not sales.

OPEC+ measures face growing pressure to counter bearish momentum. Discover the... Oil: Bull Case Limited in Near Term, OPEC Scaremongering Infinite By Barani Krishnan - Oct 13, 2023 1 New China data ...

OPEC oil output fell in March ahead of a scheduled output hike, a Reuters survey found, as Nigeria curbed deliveries to ...

In a report sent to Rigzone by Standard Chartered Bank Commodities Research Head Paul Horsnell late Tuesday, analysts at the ...

A Reuters survey on Monday showed OPEC oil output falling in March, driven primarily by drops in supply from Nigeria, Iran and Venezuela. OPEC pumped 26.63 million barrels per day in March ...

- US President outlines plan for reciprocal tariffs on US trading partners, which will impose duties and other economic penalties on American imports ...

The number of active rigs drilling for oil and gas in the U.S. fell for a second consecutive week, shedding 2 to 590, Baker Hughes said in its latest report.

Oil prices are crashing due to global economic concerns and increased OPEC production. Goldman Sachs says Brent oil could fall under $40 by 2026 in an 'extreme' scenario US oil production may ...