Aramco CEO: The world will see its level of spare oil production capacity dwindle next year
An expected rise in jet fuel demand will eliminate all spare production capacity

Saudi Arabia reported economic growth of 6.8 percent on the year for the third quarter on the back of higher oil prices. This is the highest quarterly growth for the Kingdom since 2012, Reuters noted in a report.

Iran looks to ramp up production in four lesser-known oil fields
Iran’s Petroleum Ministry looks to use EOR-techniques to extract more oil from existing fields
Iran enjoys some of the lowest lifting costs per barrel in the world

Biden’s Infrastructure Bill is often painted as being anti-fossil fuels, but the truth is that the bill will provide a major boost to the oil and gas industry

Shandong Weima Pumps Manufacturing Co.,Ltd. was awarded as the Gazelle enterprise of Shandong Province in 2021.

The U.S. Lost Control Of This Giant Iraqi Oilfield.

Crude oil prices fell after the EIA reported an oil inventory build of 3.3 million barrels
The authority also reported mixed results in gasoline and middle distillates

The price of oil has climbed to multi-year highs, and oil companies are raking it in.

There is still plenty of upside for oil prices from here as demand is on course to outstrip supply throughout the rest of the year
Plenty of analysts are now preparing for $100 oil, with demand destruction unlikely to occur at current prices
Despite the inflationary impact of rising oil prices, it is unlikely that markets will be driven into a recession

ExxonMobil posts strongest net profit in 7 years
Upstream misses expectations
Strong downstream and natural gas sales lead to record free-cash-flow

Biden: The refusal of OPEC+ to increase crude oil production is affecting America's working class
Energy Secretary Jennifer Granholm blames OPEC+ for high crude prices

California’s oil industry provides a major source of revenue for the state and creates a huge number of jobs, but that won’t stop the state’s governor from phasing it out