Canadian oil sands production will reach record annual production in 2025 despite lower prices, according to a forecast from S&P Global Commodity Insights.

US crude oil production likely will fall over the next 18 months as producers cut back on drilling activity in response to lower oil prices, the US Energy Information Administration said.

The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil production despite weak demand.

A joint venture comprising India’s Hardy Exploration & Production India (HEPI), Invenire Petrodyne and state-owned Oil & Natural Gas Corporation (ONGC) has resumed oil production from a key ...

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.

Sable Offshore Corp. has restarted offshore oil production 10 years after the operation was shuttered following a major oil spill along Santa Barbara's coast.

Offshore oil rigs are some of the largest structures found on the water, but are they just floating out there? How do they stay in place? Here's what we know.

Santa Barbara County is moving forward with its goal of reducing oil and gas emissions from onshore facilities. The Board of Supervisors voted Tuesday to develop a framework to prohibit new oil ...

President Donald Trump wants more oil drilling, but one Texas producer expects low prices to send output downward.

U.S. shale oil production will peak at 10 million bpd in 2027, up from about 9.69 million bpd this year, the EIA said. It will then decline to about 9.33 million bpd by 2050, the agency said.

Goldman Sachs says Brent oil could fall under $40 by 2026 in an 'extreme' scenario US oil production may suffer as prices near breakeven costs, risking modest growth.

Why are oil prices plummeting? Hint: it's not just tariffs. When the economy slows down, the price of oil tends to fall. But this time, OPEC+ is increasing production despite weak demand.