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

By Sheila Dang and Seher Dareen HOUSTON - Wall Street expects U.S. oil and gas companies to keep a lid on spending in 2025 ...

Trump wants to "drill, baby, drill," but undoing Biden's offshore ban will likely require congressional action, and the politics of coastal drilling is complex.

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 ...

The White House announced today that President Joe Biden is banning new offshore oil and gas drilling along 625 million acres of US coastline, taking the total area of ocean he’s protected to ...

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 ...

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.

President Joe Biden is moving to ban new offshore oil and gas drilling in most U.S. coastal waters, a last-minute effort to block possible action by the incoming Trump administration to expand ...

For India, which is the world's third-largest consumer of crude oil and depends on imports to meet over 85 per cent of its ...