WASHINGTON, DC – US President Donald Trump has sparked confusion in Pakistan by claiming the country holds “massive oil reserves” that he intends to exploit through a new trade deal. The deal, which ...

Oil wells often dry up far earlier than predicted, leaving companies baffled about the “missing” reserves. A Penn State team tackled this puzzle by harnessing PSC’s Bridges-2 supercomputer, adding a ...

Oil production in Trinidad and Tobago has collapsed from nearly 278,000 bpd in the 1970s to under 54,000 bpd today, with declining revenues pushing diversification efforts. Exxon has returned after 20 ...

Prolonged funding pressures in US money markets, just as bank reserves held at the Federal Reserve are dwindling, suggest the central bank may be getting closer to ending the unwinding of its massive ...

Iran claims a new natural gas discovery would add an estimated 10 trillion cubic feet to its gas reserves and could help offset an expected energy imbalance. Iran has discovered significant gas and ...

Oil dipped after another choppy trading session as investors weighed the prospect that OPEC+ may fast-track output hikes even as US crude stockpiles swell. West Texas Intermediate fell by almost 1% to ...

A group of countries in the OPEC+ alliance has agreed to a small boost in oil production, citing a steady global economic outlook NEW YORK -- NEW YORK (AP) — A group of countries that are part of the ...

Exxon XOM0.01%increase; green up pointing triangle Mobil is slashing 2,000 jobs worldwide, it said Tuesday, the oil industry’s latest mass layoff as companies adapt to anemic oil prices and get more ...

Executives from oil and gas firms have revealed where they expect the WTI crude oil price to be at various points in the future in the third quarter Dallas Fed Energy Survey. Executives from oil and ...

Oil exploration and production company, Oil India Ltd (OIL), has said it discovered natural gas reserves off the Andaman Islands, the first find in the region. The "occurrence of natural gas", OIL ...

This is read by an automated voice. Please report any issues or inconsistencies here. Sable Offshore Corp. is now considering an “offshore floating and treatment vessel” to treat and transport crude ...

In EIA's latest Short-Term Energy Outlook, the agency projects Brent crude oil prices will decline to an average of $59/bbl in fourth-quarter 2025 from about $68/bbl in August, before falling further ...