Producing light crude, Bozhong 26-6 is expected to reach 22,300 barrels of oil equivalent a day in peak production this year.
The early signs are promising, hinting that this upward momentum will carry into February', analysts at J.P. Morgan said.
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday ...
Crude oil futures fell as traders worried that large increases in U.S. crude and gasoline stockpiles and a potential ...
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U.S. refineries, with a capacity of 18.4 million barrels per day, play a significant role in international trade—importing ...
Citi also suggested the White House may act to increase U.S. capital expenditures following the Senate confirmation of oil industry executive Chris Wright as energy secretary. The report said every 1 ...
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Midland Reporter-Telegram on MSN13d
US drilling activity hits lowest level since 2021
Texas and the Permian Basin were hardest hit in this week's drilling activity decline as the rig count remains at three-year ...
U.S. crude oil stocks increased more than expected as production picked up, while the build in gasoline stocks extended to almost three months, according to data released Wednesday by the U.S. Energy ...