Discover how West Texas Intermediate (WTI) serves as a key benchmark for U.S. oil, its role in NYMEX futures, and how it compares with Brent crude.

FPSO (Floating Production, Storage, and Offloading) vessels are floating facilities that receive well fluids, process them to export-spec crude and gas, store stabilized crude, and offload to shuttle ...

How does the strategic petroleum reserve work? Does the government buy oil at market prices, then sell it back at the same price it bought it when there is a shortage? Or is it given away? How do ...

The broader trend suggests that other market forces (such as supply shocks, demand growth, and geopolitical risk) likely play a far greater role in setting the price of crude than SPR adjustments ...

The well was drilled to about 22,500 ft and completed in the Niobrara horizon. It featured a 2-mile horizontal leg and was ...

Despite doubling per well output since 2019, the Permian’s rig rate gains are slowing and decline curves are steepening, meaning producers must “run faster to stay in place,” EIA: The U.S. is forecast ...

Aug 26 (Reuters) - Work is underway at three new wells in the Zohr gas field in the Mediterranean in the current financial year, Egypt's petroleum ministry said on Tuesday. Another well, the Zohr-6 ...

US President Donald Trump has announced what he called "tremendous" new sanctions against two of Russia's largest oil ...