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BP makes its biggest oil and natural gas discovery in 25 years as it refocuses on fossil fuels
BP has made its largest oil and natural gas discovery in 25 years off the coast of Brazil, it said Monday, in a potential big boost for the British company following its strategic shift away from renewable energy to refocus on fossil fuels.
A group of countries that are part of the oil cartel OPEC+ have agreed to boost oil production, which some believe could ...
OPEC+ agreed on Sunday to raise oil production by 547,000 barrels per day for September, the latest in a series of accelerated output hikes to regain market share, as concerns mount over potential ...
BP is not the only driller betting big on South America, which last year produced around two-fifths as much crude oil as ...
Members of the Organization of Petroleum Exporting Countries (OPEC+) on Sunday announced plans to increase oil production by ...
Crude oil production on federal lands in the US is at a record high, increasing sixfold over the past 15 years, according to ...
Concerns around tariffs and conflicts in the Middle East and Ukraine have taken a backseat to more fundamental factors ...
US oil production is expected to keep booming in 2024, possibly hitting a fresh high of 13.3 million barrels a day. That comes as Exxon Mobil and Chevron are boosting their capital expenditure ...
Oil prices slipped in Asia trading hours on Monday after OPEC+ once again decided to significantly raise output amid concerns ...
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