The number of active oil rigs is a key indicator of the volume of oil exploration and production activities in the country. It has grown almost 500% in 4 years.

Energy ministers talked through production capacity, investment and the green transition at this week’s OPEC conference in ...

According to OPEC’s forecast, US oil production is projected to reach 23.1 mln bpd by 2030, compared with 21.8 mln bpd in 2024. Shale oil and tight oil output are expected to increase to 16.5 mln bpd ...

Equinor has discovered gas near its fully operational Johan Castberg oilfield and will evaluate a tie-in to extend Norway’s ...

OPEC is sticking to its guns while everyone else is screaming climate emergency. The cartel now says global oil demand will hit 123 million barrels a day by ...

He also discusses the cost of crude production, the security of pipelines in Nigeria, as well as rehabilitation plans for oil ...

June saw a record low in gasoline imports, driven by increased production from Dangote Refinery, positioning the nation ...

LONDON -Oil prices edged lower on Thursday as investors weighed the potential impact of U.S. President Donald Trump's tariffs on global economic growth. Brent crude futures were down 17 cents, or 0.24 ...

Oil futures steady above $67.44 while traders await Fed and OPEC cues. Strong gasoline demand supports crude oil outlook ...

Investors are weighing the potential impact of U.S. President Donald Trump’s tariffs on global economic growth, a move which steadied oil prices on Thursday. Brent crude futures were up 4 cents at $70 ...

Donald Trump has advocated expanding production of domestic oil and gas to tackle a "national energy emergency." ...

Oil prices were steady on Wednesday as investors weighed strong U.S. gasoline demand data and attacks on shipping in the Red ...