American oil production has reached historic highs, with crude output hitting 13.6 million barrels per day.

It’s boom time in the U.S. oil patch, but storm clouds are gathering. Oil companies are planning to slash payroll — as production surges, demand stagnates and storage tanks around the world fill up.

Offshore oil projects are experiencing a resurgence due to higher prices, leading to a boom in the floating rig business. The World Bank predicts a historic oil glut due to factors like rising ...

(Bloomberg) -- Kamala Harris touted the record US oil boom during her time as vice president in Tuesday’s debate with Donald Trump, signaling a pragmatic approach on energy and climate policy pitched ...

Major energy firms, including SLB, Baker Hughes, and ExxonMobil say the Middle East supply crisis is pushing governments and ...

Alberta should be using the windfall from the war in Iran to prepare for the future. Instead, it's busy trying to recreate ...

In South Korea, which imports nearly all of its oil and gas, a global supply crunch has hit hard. Officials have advised ...

The White House says the United States is producing more oil than ever before, even outpacing Saudi Arabia and Russia combined. Yet drivers are still paying elevated prices at the pump. That ...