According to a survey of oil companies by the Federal Reserve Bank of Dallas, this break-even point is around $61 per barrel in the Midland Basin, the heart of the Permian, and $65 for the region ...

Industry leaders, including the Nigerian National Petroleum Company Limited (NNPC Ltd.) and the Independent Petroleum Producers’ Group (IPPG), have emphasised ...

Two questions stand out after the decision by OPEC+ to accelerate increases in crude oil output: who is going to buy the ...

Oil futures rose for the fourth time in five sessions, but traders remain cautious ahead of Sunday’s OPEC+ meeting and a likely agreement to bring back another 411,000 barrels a day of production in ...

Crude oil is cheaper than it's been in four years. It may be too cheap for the oil industry. A barrel of oil now sells for less than most companies’ break-even point.

Tourmaline's consistent growth, strategic acquisitions, and impressive dividend outlook make it a standout investment ...

The OPEC+ alliance, which includes countries such as Russia and Kazakhstan, will expand its share of global oil markets to 52 ...

Long Island consumers and businesses could see lower gas prices this summer after a group of oil exporting countries said it would significantly increase oil production in June. U.S. crude oil ...

OPEC+ to Increase Output by 548,000 Barrels a Day in August. What it Means for Oil Markets. The Organization of the Petroleum ...

Oil prices slipped in early Asian trading on Wednesday, retreating from a two-week high after U.S. inventory data revealed an ...

USGS reports 29.4 billion barrels of untapped oil under U.S. federal lands. Alaska is leading with around 14.46 billion barrels of untapped potential. Oil production growth is slowing due to ...

Low oil prices quash U.S. producers' hopes for growth The price of West Texas Intermediate is hovering around $60 per barrel — not low enough to kill the oil patch, but not generating “Drill ...