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2 days ago · A massive fire has erupted at a crude oil upgrader project in Venezuela after an explosion was heard near the distillation tower, workers on site and sources at…

Jul 14, 2025 · Global oil consumption reached an all-time high in 2024, driven primarily by non-OECD countries, with the U.S. remaining the largest consumer.

The current price of West Texas Intermediate (WTI) crude oil today is $58.06 per barrel. Live charts, historical data, futures contracts, and breaking news on WTI prices can be found below.

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.

Aug 31, 2025 · Despite geopolitical risks, Wall Street banks have lowered their oil price forecasts for later this year and the first quarter of 2026, expecting the glut to depress prices.

Jan 16, 2025 · Last year, supermajors reported record oil and natural gas output from the top shale basin, the Permian. They also spoke of their plans to raise that output even further.

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 …

May 9, 2025 · And now, the oil futures markets are sending a dire warning that oil bulls could find themselves in trouble quite soon due to a combination of the OPEC+ output hike and Trump’s …