The Permian Basin, a region spanning west Texas and eastern New Mexico, is the once and future heart of the greatest oil and gas boom in American history, a frenzy of production triggered by the ...

Oil and natural gas stocks shot higher in the days after former President Donald Trump regained the White House. The Energy Select Sector SPDR Fund (ticker: XLE) gapped higher at the open during ...

By Stanley Reed Reporting from London BP, the energy giant, said on Wednesday that it would increase spending on oil and gas while sharply paring back investments on various forms of clean energy.

Today’s average price of gas in the U.S. is $3.08 per gallon ... this is below the average annual oil demand growth from 2021 through 2023. In its most recent “Short-Term Energy Outlook ...

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. BP is increasing its investment in upstream oil and gas to $10 billion ...

LONDON—BP BP0.32%increase; green up pointing triangle said it would boost oil-and-gas production and sharply cut investments in clean energy, pivoting back to fossil fuels in a bid to revive its ...

Read part one here. President Trump and Texas lawmakers are pushing to loosen the laws and liabilities governing the state’s oil and gas industry and give companies a freer hand to “drill, ...

Industry experts say Western companies will need to weigh potential access to oil and gas riches against political risks and other hazards of doing business in Russia. By Stanley Reed Reporting ...

But he has little to do with it, experts say, and his policies could make it more expensive to increase domestic oil production from ... showed lower gas prices are helping to cool overall price ...

BP boosts oil and gas investment to $10 bln annually Cuts annual transition spending by over $5 billion Reviewing Castrol, targets $20 billion in divestment Energy transition is slower than BP ...

BP now aims to grow oil and gas production. Across the energy sector, major companies that shifted their position in response to the need to lower carbon emissions and curb climate change have ...