U.S. Oil Output Drops to Lowest Level in 15 Months
January U.S. crude oil production was down 305,000 barrels per day, hitting 13.15 million bpd, a level it…
OPEC+ To Increase Oil Production in May: Report
OPEC+ is expected to agree on a plan that would see production for the group increase in May,…
Peak Permian? Geology and Water Say We’re Close
After more than a decade of relentless drilling in the top U.S. oil-producing basin, the Permian, some areas…
Guyana is the World’s Newest Petro-State
In a mere six years, one of South America’s poorest nations, Guyana, has emerged as the world’s newest…
India Set to Tap Vast Oil Reserves With Multi-Billion Dollar Investments
Amid concerns over U.S. President Donald Trump’s hard-hitting tariff policy, diversified Indian financial services company Motilal Oswal has…
2025 crude oil production will reach 10-year high, analysts say
(Bloomberg) – A flurry of oil projects from Brazil to Saudi Arabia are set to come online this…
Iraq plans to raise oil production capacity above 6 million barrels per day by 2029
CAIRO (Reuters) – Iraq plans to raise oil production capacity to more than 6 million barrels per day…
Big Oil Shrugs at $50 Crude
Exxon is planning to boost its oil production regardless of where international oil prices are heading. This comes…
MOL discovers new oilfield in Transdanubia, western Hungary
Hungarian oil and gas company MOL has announced the discovery of a new oilfield in Transdanubia, near Somogysámson.…
Trump to host top US oil chief executives as trade wars loom
By Jarrett Renshaw (Reuters) – U.S. President Donald Trump will host top oil executives at the White House…
Vital Energy price target lowered to $30 from $44 at Raymond James
https://www.tipranks.com/news/the-fly/vital-energy-price-target-lowered-to-30-from-44-at-raymond-james Raymond James analyst John Freeman lowered the firm’s price target on Vital Energy (VTLE) to $30 from…
Türkiye’s daily oil output hits 132K barrels amid exploration boost
Türkiye’s daily oil output has reached 132,000 barrels as of the start of March 2025, as the country…