Saudi Arabia is increasing oil production, a move that could drive down prices and put pressure on U.S. shale producers. Breakeven prices are critical for oil companies' profitability, with ...

As a result of these activity cuts, it is likely that U.S. onshore oil production has peaked and will begin to decline this quarter.” The sentiment expressed by the shale company is popular in ...

Continental Resources estimates 6.1 bln barrels in Diyarbakir Basin-minister says Turkey aims to reduce imports, boost energy security with domestic resources Turkey's 2024 crude production was ...

Total rig count falls six to 578, oil down five, gas steady Gulf of Mexico rig count drops to lowest since September 2021 Permian shale rig count hits lowest since December 2021 May 9 (Reuters ...

Today, Devika Krishna Kumar, who leads our Americas oil trading team, explains how the domestic shale industry bounced back stronger from previous market downturns. The Petroleum Museum in Midland ...

Liberty Energy Inc., the oil services company founded by U.S. Energy Secretary Chris Wright, is gearing up for a slowdown in shale drilling in the second half of the year. Image by McFranki via ...

China halted purchases of US crude in March as trade tensions between the two countries ramped up, casting a shadow over demand for oil produced from American shale formations. The lack of such pu ...

President Trump, who promised to uplift oil and gas, is set to preside over a decline in shale production. Drillers that made the U.S. the world’s top oil producer say they are hitting the ...

The head of the largest independent oil producer in the Permian Basin predicts US shale production has peaked and will likely decline from here as oil prices hover near four-year lows.

Thanks to recent consolidation, oil giants such as BP, Chevron and ExxonMobil account for roughly 60% of American shale output, notes Scott Gruber of Citigroup, a bank. Smaller independent firms ...