Oil prices surged yesterday, ending the day with a 3.75% gain as OPEC+ surprised markets with a supply increase that came in below expectations. Click to read.

New Delhi: An ONGC-led joint venture has resumed oil production from the 'PY-3 Field', located offshore in the Cauvery Basin on India's east coast.

The DOI has expanded the allowable pressure differential for single-wellbore oil production from multiple reservoirs in the Gulf of America's deep waters.

Nigeria’s average daily crude oil production has fallen again below the quota allocated by the Organisation of the Petroleum Exporting Countries.

According to its latest short term energy outlook, the EIA sees U.S. crude oil production, including lease condensate, averaging 13.59 million barrels per day this year.

China said on Saturday it had built the world’s first offshore oil production and storage vessel capable of capturing carbon dioxide, taking another step towards meeting its carbon emissions ...

World oil production increased by 406 kb/d in July to 81,591 kb/d. For December 2025, production is expected to be 84,634 kb/d. Click to read.

In trading on Tuesday, shares of the SPDR S&P Oil & Gas Exploration & Production ETF (Symbol: XOP) crossed above their 200 day moving average of $142.52, changing hands as high as $143.40 per share.

Abu Dhabi has awarded a key production concession for Onshore Block-1 to Urja Bharat (UBPL), a joint venture between Indian Oil Corporation and compatriot Bharat Petroleum Corporation, days after ...

The Chief of Defense Staff, General Christopher Musa, has tasked the Defense Joint Monitoring Team with ensuring the achievement of the presidential mandate to produce 2.2 million barrels of crude ...

The team is expected to coordinate with the Joint Task Force, South-South Operation DELTA SAFE, other security agencies, and stakeholders in the oil sector to ensure smooth operations.

Oil and gas jobs decline amid record-breaking production Fracking has made the U.S. the world’s leading oil and gas producer, but drilling creates fewer jobs each year.