According to the latest amendments to the Russian government's energy development plan, Russia has drastically cut its forecasts for domestic crude oil, natural gas and coal production in 2021 and 2022.

Total U.S. energy consumption last year fell to just 93 quadrillion BTUs, down 7% from the year prior, according to data from the Energy Information Administration (EIA).

The Organization of Petroleum Exporting Countries (OPEC) and non-OPEC oil-producing countries agreed on the 1st to gradually increase oil production in the three months starting in May.

The federal program that grants companies the right to drill for oil and gas on federal land is “fundamentally broken” and will be reviewed, according to Interior Secretary Deb Haaland.

On June 17, at the Wen 72-129 well site of Wenliu Oil Production Plant in Zhongyuan Oilfield, production workers were debugging the parameters of the wellhead multi-parameter sensing device.

Recently, "high-pressure oil pushing technology" has been promoted and applied in the completion center of the Northwest Oilfield.

Recently, the National Energy Work Conference in 2020 was held. Compared with the content of the National Energy Work Conference in 2019, the tone of the key tasks of energy work in the new year has been adjusted.

The area where the oil was found is in the Karakum Desert, which is rich in oil reserves but as yet untapped.