Oil industry executives have voiced that reviving Venezuela's oil production will be a long and costly process. Companies will need stable, legally defined frameworks, security for investments, and ...

Ecuador's oil production is in decline due to aging, corroded infrastructure, which has caused frequent pipeline shutdowns and significant drops in output. The country is fiscally challenged, ...

Energy Security Comes First Now ​One of the main reasons countries still grow their oil output is the urgent need for energy ...

Oil and gas have many commercial, industrial, and residential uses and play an important role in the domestic US and global economies. Among other things, they are used to generate electricity, heat ...

The Public Interest and Accountability Committee (PIAC) has expressed concern over the continuous decline in Ghana’s crude oil ...

Texas produced nearly half of all U.S. oil last year despite having drilled fewer new oil wells in 2025, a trend that analysts and industry groups said is possible due to the state’s geological makeup ...

BOGOTA, Colombia (AP) — Environmental experts are warning that the U.S. push to revamp and boost Venezuela’s vast oil reserves could worsen decades of ecological damage and increase planet-warming ...

In its latest STEO, the EIA projected that total U.S. crude oil production will drop in 2026 and 2027. In its latest short term energy outlook (STEO), which was released on January 13, the U.S. Energy ...

April 2 (Reuters) - Russian oil output cuts are imminent because Ukraine's strikes on port infrastructure, pipelines and refineries have reduced export capability by 1 million barrels per day, or a ...

A shortage of oil field workers and a low number of wells that could quickly start production are high hurdles for the U.S. oil industry. President Donald Trump may ask oil companies to ramp up ...