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2 days ago · Venezuela may be forced to start shutting in oil production as it runs out of storage space amid the U.S. tanker blockade, Bloomberg has reported, citing unnamed sources.

3 days ago · Oil prices climbed after President Trump announced a blockade of sanctioned Venezuelan oil tankers, though weak global fundamentals capped the market’s upside.

Jun 22, 2025 · Oil production growth is slowing due to natural depletion and rising costs, especially in the Permian Basin, but new federal estimates could offset geological limits.

3 days ago · Brent crude oil fell over 2% to below $60 per barrel, its lowest level since May, due to rising hopes for a potential peace deal in the Russia-Ukraine conflict.

2 days ago · The global oil market looks well-supplied at the end of the year, with output sufficient to absorb a supply disruption in Venezuela, the world’s biggest crude resource holder.

Dec 12, 2025 · Crude oil prices traded defensively this week as bearish fundamentals overshadowed short-term risk catalysts. While geopolitical tensions and the end of the U.S. government shutdown …

Jul 28, 2025 · U.S. crude oil production from onshore federal lands reached a record high in 2024, largely driven by increased activity in New Mexico's Permian Basin, while offshore production growth …

Sep 11, 2020 · Find U.S. and Canadian rig count and drilling data, and use Oilprice.com's graphing tools to compare oil prices, frac spread, production and drilling data per basin or province.