Gulf crude oil production has fallen by an estimated 14.5 million barrels per day, or 57%, from pre-war levels, according to Goldman Sachs, which warns that even after the Strait of Hormuz reopens, a ...

Chevron is now importing 250,000 barrels of crude per day from Venezuela.

California — once the regional global leader in oil production — needs more homegrown energy, more oil supply to meet ...

The Iranian conflict has shifted the global oil market from oversupply to a shortage of 750,000 barrels per day ...

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 ...

Shell plc SHEL, a British multinational oil and gas company, headquartered in London, has temporarily halted operations at one of its oil processing units at the Shell Energy and Chemicals Park, ...