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In 2024, U.S. crude oil production hit a record 13.4 million barrels per day, driven by advancements in fracking and horizontal drilling, positioning the U.S. as the world's largest oil producer, ahead of Saudi Arabia and Russia. Despite the push for renewable energy...
The IEA forecasts that global oil demand will peak in 2029 and then decline due to advances in clean energy technologies and shifts in economic patterns, particularly in China. Citi analysts predict a significant drop in oil prices by 2025 due to a market surplus,...
December 1975 was a rough month. On the second day of the month terrorists seized a train in the Netherlands, taking scores of hostages. The next day thieves took bank customers hostage in Paris. The following week militias took over hotels in Beirut. Two weeks later...
The oil and gas industry has a flatulence problem. While any gas that is allowed to escape from an oil or gas operation is theoretically money lost, most projects have some gas that cannot be safely and properly captured and is instead allowed to escape. Methane is...