The energy sector is one of the most critical components of the global economy. Among the various energy sources, natural gas and crude oil stand out as two of the…
oil production
Oil production involves extracting crude oil from underground reservoirs through drilling. After extraction, the oil is refined into various products like gasoline and diesel. It’s a critical process for global energy supply and economy.
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Haitham Al-Ghais, Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), described his recent visit to Iraq as highly productive, highlighting the country’s strong commitment to stabilizing the global…
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U.S. gasoline prices are notably lower compared to last year as the Labor Day weekend approaches, marking the end of the summer driving season, according to the U.S. Energy Information…
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Lukoil, Russia’s second-largest oil producer, reported a net profit of $6.4 billion (590.2 billion Russian rubles) for the first half of 2024, marking a 4.6% increase compared to the same…
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Norway is at a crossroads in its energy strategy, balancing significant investments in renewable energy with ongoing substantial production of oil and gas. However, mounting international pressure to reduce oil…
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Oil prices inched higher on Thursday following two days of losses, driven by renewed supply concerns from Libya and mixed signals from U.S. crude inventory data. Brent crude futures increased…
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Lea County, located in southeastern New Mexico, has emerged as a central player in the United States’ oil production boom, significantly contributing to the Permian Basin’s recent surge. This area…