U.S. oil production may have peaked, signaling the end of the shale boom. Diamondback Energy and other major players report reduced drilling and fracking activity in the Permian Basin. Rising costs, ...

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. CALIFORNIA, USA - APRIL 14: A view of oil-well in action during ...

Mexican government estimates indicate a rapid decline in oil production after 2030, raising concerns about global energy security. Previous questionable practices by oil producers, such as reserve ...

U.S. oil output hit a record 13.84M barrels per day in September. New Mexico, Alaska and Oklahoma drove monthly production gains. Offshore Gulf production reached its highest level since 2020.

FORT STOCKTON, TEXAS - MARCH 24: The sun sets behind a pumpjack during a gusty night on March 24, 2024 in Fort Stockton, Texas. Employment in Texas has reached record highs, with the oil- and ...

Russia's average daily production of crude oil in 2024 slumped to its lowest level in nearly two decades, according to the latest figures, which reportedly show the impact of Ukrainian drone strikes ...

The World’s July oil production increased by 428 kb/d to 84,726 kb/d, a new World Peak Oil All-Time High. For December 2026, production is projected to be 85,665 b/d, an upward revision of 135 kb/d ...

U.S. September oil production increased by 44 kb/d to 13,844 kb/d, another new record high. Texas production has rebounded since the weather-related January 2025 drop. Colorado began 2025 with 6 rigs ...