EIA's Short-Term Energy Outlook forecasts WTI will average $52 in 2026 as low prices weigh down oil production.

RIO DE JANEIRO, Dec 18 (Reuters) - A gas leak at Petrobras' P-40 offshore oil platform in Brazil's Campos basin on Thursday has led to the preventive shutdown of production, the firm said in a ...

U.S. oil output hit a record 13.84M barrels per day in September. New Mexico, Alaska and Oklahoma drove monthly production gains. Offshore Gulf production reached its highest level since 2020.

Long-range drones belonging to the Security Service of Ukraine struck the third Russian oil production platform in the Caspian Sea, owned by Lukoil, says a source in the SBU. This time, the strike hit ...

"We've stopped this before, and we can do it again." ...

The Trump administration reportedly wants to turbocharge offshore oil drilling in the U.S., including the coast of California. But it remains to be seen if any new rigs ever get built. “Dead on ...

Add Yahoo as a preferred source to see more of our stories on Google. KYIV, Dec 11 (Reuters) - Ukrainian aerial drones struck a Russian oil platform in the Caspian Sea for the first time on Thursday, ...

U.S. June oil production increased by 133 kb/d to 13,580 kb/d, a new high. The largest increases came from the GOM and New Mexico. July production is expected to decrease by 174 kb/d to 13,406 kb/d.

​In the predawn hours of January 11, 2026, Ukrainian long-range drones sliced through darkness over the Caspian Sea, more ...

U.S. October oil production increased by 31 kb/d to 13,870 kb/d, another new record high. Texas’ October production decreased by 45 kb/d to 5,753 kb/d, according to the EIA, and is 87 kb/d lower than ...

Shale wells decline fast, forcing constant drilling—the “Red Queen” effect—with many losing 70–90% of output in three years. The IEA says global fields are depleting faster than thought, so most ...