It's a strategy that makes sense when it's gushing cash flow from good production and a relatively high price of oil. The ...

In a dusty swath of sagebrush country near the Texas-New Mexico border, engineers at oil producer Matador Resources Co. encountered a problem. Conventional wisdom called for drilling four wells ...

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Nigeria’s upstream oil regulator found some issues with Shell’s proposed sale of its onshore assets to a consortium of local companies but they should be resolved soon, said Olu Verheijen ...

What is the price of crude oil today? WTI futures traded at $68.17 per barrel, as of 9 a.m. ET. Year to date, WTI prices are down by 7.18%. Brent futures traded at $71.87/bbl, an increase of 0.35% ...

Occidental Petroleum currently makes most of its money from oil and gas production, especially after acquiring CrownRock. It expects to add over $1 billion of incremental annual free cash flow ...

(Bloomberg) — Nigeria’s upstream oil regulator found some issues with Shell’s proposed sale of its onshore assets to a consortium of local companies but they should be resolved soon, said Olu ...

In July, the Federal Executive Council (FEC) directed NNPC Ltd to engage Dangote refinery and other local refineries with a view to resolving the dispute over the sale of crude oil to them.

In recent years, the global oil market has been impacted significantly by COVID-19 disruptions, price wars between oil-producing nations, Russia's war in Ukraine and the conflicts in the Middle East.

Copyright 2024 The Associated Press. All Rights Reserved. FILE - An array of pumpjacks operate near the site of a new oil and gas well being drilled April 8, 2022 in ...

Oil prices notched their steepest one-day drop since 2022, as concerns about supply disruptions in the Middle East ease following Israel's strikes on Iranian military facilities. "The market was ...