Stories Tagged as
Oil production
What goes into OPEC's decision-making?
May 31, 2024
The cartel wants to manipulate production to push up prices and demand.
Record hurricane season could hurt oil and gas production
May 28, 2024
U.S. refineries, which are concentrated on the Gulf Coast, could be especially impacted by destructive storms, prodding prices up.
More oil, fewer rigs: how the U.S. became the world's top producer
by
Henry Epp
Mar 5, 2024
New, more productive technology helped, along with pressure for profits.
Oil-rich Permian Basin attracts buyers with resources
by
Lily Jamali
Jan 1, 2024
Big companies have been paying billions to acquire smaller competitors — and their drilling rights.
Angola is leaving OPEC. What does that mean for the cartel?
Dec 26, 2023
The split was Angola’s idea. What does it mean for OPEC — the group of oil-producing developing nations — and for the country?
U.S. oil producers have increased production, frustrating OPEC's efforts to prop up oil prices
by
Justin Ho
Dec 20, 2023
Domestic oil production is running around a million barrels a day ahead of predictions.
UAE intended to use COP28 climate summit to push oil deals
Nov 27, 2023
Leaked documents obtained by the BBC show the United Arab Emirates, a major fossil fuel producer, was looking to strike oil deals at COP28.
For public good, not for profit.
Delay of OPEC+ meeting leaves questions about oil supply cuts
by
Henry Epp
Nov 22, 2023
The expectation was that OPEC countries would continue cutting back supply. Some think the delay may mean there’s disagreement about that.
Exxon is shelling out $60B to double its Permian production. Why there?
Oct 12, 2023
The Permian Basin, which runs through West Texas and New Mexico, produces more oil than most countries.
Saudis cut oil production — but that might not lead to higher gas prices
Jun 5, 2023
Cutting production usually leads to an increase in prices. Here's why that might not be the case this time.