Shale wells decline fast, forcing constant drilling—the “Red Queen” effect—with many losing 70–90% of output in three years.

California lawmakers passed a bill over the weekend that would allow the construction of thousands of new oil wells annually ...

This story was originally published by Grist with the headline How low oil prices turned Trump’s call to ‘drill, baby, drill’ ...

In a bid to stabilize struggling crude-oil refineries, state lawmakers on Saturday passed a last-minute bill that would allow ...

China's surplus crude surged to just over 1 million barrels per day (bpd) in August as robust imports and domestic production ...

California passed SB 237, allowing up to 2,000 new oil wells annually in Kern County to offset refinery closures and rising ...

Russia’s oil pipeline monopoly Trasneft warned producers that it may be forced to reduce output amid continued Ukrainian ...

The pipeline is in danger of closing within months without state approval for a rate increase and other measures, a shutdown ...

California Resources Corporation, which is set to take over rival oil driller Berry Corp, stands to benefit from state ...

Russia's oil-producing machine was the principal target of an overnight Ukrainian assault with hundreds of drones. Moscow ...

U.S. June oil production increased by 133 kb/d to 13,580 kb/d, a new high. The largest increases came from the GOM and New ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.