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U.S. Sits on Billions of Untapped Oil Barrels - OilPrice.com
Jun 22, 2025 · Oil production growth is slowing due to natural depletion and rising costs, especially in the Permian Basin, but new federal estimates could offset geological limits.
Global Oil Consumption Reaches All-Time High - OilPrice.com
Jul 14, 2025 · Global oil consumption reached an all-time high in 2024, driven primarily by non-OECD countries, with the U.S. remaining the largest consumer.
North American Rig Count, Drilling and Frac Spread Count Data
Sep 11, 2020 · Find U.S. and Canadian rig count and drilling data, and use Oilprice.com's graphing tools to compare oil prices, frac spread, production and drilling data per basin or …
U.S. Onshore Oil Production Soars to Record Highs
Jul 28, 2025 · U.S. crude oil production from onshore federal lands reached a record high in 2024, largely driven by increased activity in New Mexico's Permian Basin, while offshore production …
Why Falling Oil Prices Are Not Always Good News
Apr 11, 2025 · Fast forward to today: oil prices are falling again, not because we’re swimming in cheap energy, but because market sentiment is shifting toward the possibility of a recession.
Diesel Spreads Hit Near Two-Year Peak After India Cuts Russian …
Nov 14, 2025 · Standard Chartered has reported that the Indian pivot away from Russia has triggered a spike in oil product prices even as crude prices remain largely unchanged
Why Big Oil Is Still Gushing Profits Despite Low Oil Prices
Nov 13, 2025 · Oil markets have been volatile over the past couple of weeks, driven by a series of geopolitical developments including new U.S. sanctions on Russian energy, coupled with a …
Saudi Crude Oil Exports Soar to Seven-Month High
Nov 19, 2025 · Saudi Arabia's crude oil exports reached a seven-month high in September as production surged to a 29-month peak, driven by the OPEC+ group unwinding its cuts and …
Can This Huge Oil Discovery Revive The Bakken Oil Boom?
Jan 16, 2025 · Last year, supermajors reported record oil and natural gas output from the top shale basin, the Permian. They also spoke of their plans to raise that output even further.