Venezuela sits on 303 billion barrels of oil—more than Saudi Arabia. So why does it pump less than 1% of global supply? The answer involves nationalizations, sanctions and crude that's harder to ...
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 ...
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 ...
Researchers developed a biorefinery model in BioSTEAM to evaluate industrial-grade azelaic acid production from high-oleic soybean oil using the two-step oxidative cleavage (TSOC) process. The modeled ...
The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC oil-producing countries. The World’s August oil production increased by 405 kb/d ...
The U.S. Energy Information Administration increased its U.S. crude oil production forecast for 2025 in its latest short term energy outlook. The U.S. Energy Information Administration (EIA) increased ...
U.S. oil production is setting new records, but the rate of growth is slowing down for the first time in 20 years without an external crisis, driven by internal factors. The slowdown is attributed to ...
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