U.S. October oil production increased by 31 kb/d to 13,870 kb/d, another new record high. The largest increases came from the GOM and New Mexico, offset by a Texas drop. November production is expected to drop by 9 kb/d to 13,861 kb/d, according to the December STEO.

FORT STOCKTON, TEXAS - MARCH 24: The sun sets behind a pumpjack during a gusty night on March 24, 2024 in Fort Stockton, Texas. Employment in Texas has reached record highs, with the oil- and gas-producing Permian Basin, which covers a large swathe of west ...

There’s a record 1.4 billion barrels of crude currently on the world’s oceans, pushing down benchmark prices and sending gasoline under $3 a gallon at the pump in the US.

The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC oil-producing countries. The World’s May oil production decreased by 6 kb/d to 83,305 kb/d. World oil production W/O the U.S. from June ...

Crude oil production in the United States is booming, reports Poten & Partners in its weekly opinion. According to the U.S. Energy Information Administration, U.S. Field Production of Crude Oil reached 13.8 Million barrels per day (Mb/d) in September 2025 ...

NEW YORK, May 5 (Reuters Breakingviews) - Oil fields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum age, crashing oil prices. A mere two years later, over-extraction drove the field into decline.

Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. OPEC+ maintained its current oil output policy at the Joint Ministerial Monitoring Committee (JMMC) meeting, with no ...

'There is a recent media narrative that the second Trump administration will lead to a surge in U.S. oil production'. U.S. oil production is unlikely to surge under Donald Trump, Standard Chartered Bank Energy Analyst Emily Ashford said in a report sent to ...

As the US threatened Nicolás Maduro’s grip on power in recent months, a cadre of executives, lawyers and investors tied to the oil industry made their case to anyone who would listen — the Trump administration,

Crude oil production in the Vaca Muerta play reached 400,000 barrels per day in Q3 2023. While Argentina is leveraging government incentives to boost oil and gas output and exports, Colombia's restrictive policies, including a fracking ban, threaten its ...