Venezuela claims to have more than 300 billion barrels in the ground, but it is only producing about one million barrels a day.

UC Santa Cruz chemists have discovered a new way to produce biodiesel from waste oil that both simplifies the process and requires relatively mild heat. This discovery has the potential to make the ...

FORT STOCKTON, TEXAS - MARCH 24: The sun sets behind a pumpjack during a gusty night on March 24, 2024 in Fort Stockton, Texas. Employment in Texas has reached record highs, with the oil- and ...

OPEC+ has decided to increase oil production, surprising many given the soft outlook for oil prices, and potentially reversing earlier production cuts sooner than expected. The article questions ...

U.S. oil output hit a record 13.84M barrels per day in September. New Mexico, Alaska and Oklahoma drove monthly production gains. Offshore Gulf production reached its highest level since 2020.

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. Each year, the Statistical Review of World Energy offers ...

Mexican government estimates indicate a rapid decline in oil production after 2030, raising concerns about global energy security. Previous questionable practices by oil producers, such as reserve ...

Global oil production will increase by 1.6 million b/d in 2025, and almost 90% of that growth will come from non-OPEC+ countries due to ongoing production restraint of OPEC+, the US Energy Information ...

Utilisation of BSF larvae could help to stem the expansion of damaging palm oil production, researchers from UK-based consultancy Tunley Environmental, claim in a new study. Cultivation of palm for ...

Russia's average daily production of crude oil in 2024 slumped to its lowest level in nearly two decades, according to the latest figures, which reportedly show the impact of Ukrainian drone strikes ...