There are currently serious fears about a glut in the oil markets – too much oil. And an abundance of oil has the effect of pushing prices down.

Eight members of the oil cartel agreed on Sunday to a small increase but said they would now pause in adding more oil, reflecting market concerns about an oversupply.

America's oil magnates are prepared for prices to be lower next year, as supply on Texas' Permian Basin ramps up to account for 40% of U.S. oil production in the near future.

Big Oil leaders Exxon Mobil, Chevron, and Shell continue to hike their crude oil production volumes from West Texas’s Permian ...

With the clock ticking as 2026 is weeks away, not all oil companies will be walking into the new year optimistic.”I think what [oil producers] are seeing ...

The consensus EPS estimate is $0.77, on revenue of $43.62B (-9.7% Y/Y). The oil and gas major in October said it expects ...

GILLETTE - Enhanced oil recovery (EOR) typically describes efforts to improve the flow of oil from a reservoir that's already been produced by conventional means. Underground oil reservoirs are ...

The move caps a dramatic month in oil markets, riven by concerns of a supply glut and uncertainty over sanctions on Russian producers.

INDUSTRY THE PAST FEW YEARS, GOVERNOR GAVIN NEWSOM IS CONSIDERING NEW AND SOME MIGHT SAY, SURPRISING ACTION TO KEEP THE COMPANIES OPERATING IN CALIFORNIA. THE STATE FACES THE THREAT OF HIGHER GAS ...

Abu Dhabi hosts a major oil summit Monday, just after the OPEC+ group of the cartel and its allies announced they would halt planned production increases for early 2026 ...