Because the crude oil industry has developed hardly at all in recent years due to a lack of investment capital for discovery, extraction and further processing, global production can barely meet ...

The cost of producing crude oil in Nigeria has risen to about $40 per barrel, according to a report by the Nigerian Upstream Petroleum Regulatory Commission.

President Donald Trump’s recent decision to reinstate a goal from his first presidency to bring Iran’s oil exports to zero has had little impact on crude prices so far.

Abdul-Ghani told the Iraqi News Agency (INA) that Iraqi Kurdistan will supply at least 250,000 to 300,000 barrels of oil per ...

Upstream production--the extraction of crude oil and natural gas--was 1.86 million oil-equivalent barrels a day, versus a targeted 1.79 million-1.89 million oil-equivalent barrels a day.

DAKAR, Feb. 6 (Xinhua) -- Senegal's Ministry of Energy, Petroleum and Mines announced on Thursday that crude oil production from the Sangomar field is expected to reach approximately 30.53 million ...

But the current government is looking to expand extraction deeper into the forest (undoubedtly future sources of crude for California). The oil industry is a major driver of deforestation ...

If the oil reserves are confirmed, this discovery could establish Ballia as a critical hub for the petroleum industry, ...

China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has brought on stream the first phase of ...