Neither OPEC nor US shale firms appear willing to increase oil supply, despite President Trump's pledge to bring down energy ...

Wall Street expects U.S. oil and gas companies to keep a lid on spending in 2025 and keep their focus on generating ...

When you’re the largest producer of petroleum in the world and you increase your production, prices might drop along with ...

The president says lower prices could solve a range of problems, but finds early resistance in the oil market.

The U.S. is already the world’s largest oil producer, pumping an average of 13.2 million barrels a day in 2024. Much of its gains have been from the Permian Basin of West Texas and New Mexico, which ...

Despite US president Donald Trump's efforts to ease regulations of the oil and gas industry, the challenge of balancing ...

and public relations challenges around drilling in a wildlife sanctuary. Oil pump jack is seen in front of displayed U.S. flag in this illustration taken, October 8, 2023. [Photo: Reuters/Dado Ruv ...

with treated steel required for drilling equipment, pumps, pipes and tubes. US oil producers have cited various cost pressures as significant headwinds to growth in many recent industry surveys.