U.S. onshore oil production has likely peaked and will start to decline due to the recent plunge in crude prices, ...

The US cut its forecast for domestic crude production this year even before oil’s latest plunge below $60 a barrel prompted ...

Domestic oil production declined from 13.465 million bpd to 13.367 million bpd. Oil markets tested session lows as traders reacted to the EIA report. On May 7, 2025, EIA released its Weekly ...

is actively ramping up its domestic oil production, led by shale oil drillers in Texas and New Mexico’s Permian Basin. In fact, it was recently reported that the United States is producing more ...

“With increased domestic oil production, we may be able to look forward to cheaper pump gas,” said Nick Drewe, personal finance expert at Wethrift. Lower fuel prices mean lower costs to ...

A price drop benefits any country seeking to cut its fuel bill. But in oil producing nations, lower prices can feed economic ...

Donald Trump urged the US oil industry to “drill, baby, drill”, but his tariffs sank the oil price and could cut production.

Increased Saudi Arabian production quotas in May are set to drive crude oil export growth, according to shiptracking agency ...

U.S. crude oil prices rose more than 4% to $59.56 per barrel Tuesday as domestic production is expected to decline. The shale revolution over the past 15 years has transformed the U.S. into the ...