URUMQI, Dec. 9 (Xinhua) -- A major shale oil production zone in northwest China's Xinjiang Uygur Autonomous Region reported its crude oil output exceeding 1.7 million tonnes so far this year, marking ...

The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC ...

Production from the first converted well in the program is up 110% from pre-conversion levels. The well was converted in mid-April, with stable production averaging 190 Bbl./d in the month of May, up ...

U.S. September oil production increased by 44 kb/d to 13,844 kb/d, another new record high. The largest increases came from ...

Brazil set a new production record in June 2025, lifting 4.9 million BOE/day, with crude output alone hitting 3.8 million barrels per day. Petrobras plans $111 billion in investments through 2029, ...

Oil prices fell below $60 per barrel recently due to a combination of oversupply and weak demand. Global oil inventories are rising, putting downward pressure on prices. At the same time, both OPEC+ ...

In its upcoming report, BP (BP) is predicted by Wall Street analysts to post quarterly earnings of $0.56 per share, reflecting a decline of 42.3% compared to the same period last year. Revenues are ...

The U.S. Strategic Petroleum Reserve (SPR) was created in 1975 by the Energy Policy and Conservation Act, signed into law by President Gerald Ford. It was established in response to the 1973-1974 oil ...