Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. Despite ongoing concerns about global economic volatility, energy ...

Heglig, located along the Sudan–South Sudan border, hosts key oil infrastructure, including production wells and a processing ...

Crude oil production in the United States is booming, reports Poten & Partners in its weekly opinion. According to the U.S. Energy Information Administration, U.S. Field Production of Crude Oil ...

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. MIDLAND, TX - JULY 29: President Donald Trump speaks to city ...

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.

EIA and BOEM: Gulf of Mexico’s output is projected to rise from 1.8 million barrels per day (bpd) to 2.4 million bpd by 2027. Recent BOEM assessments estimate the Gulf holds 29.59 billion barrels of ...

According to the U.S. Energy Information Administration’s (EIA) latest short term energy outlook (STEO), which was released recently, the world produced an average of 76.10 million barrels of crude ...

The World’s June oil production increased by 895 kb/d to 84,184 kb/d. For December 2026, production is projected to be 85,538 b/d, an upward revision of 853 kb/d from last month. World oil production ...

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 ...