The boom in production of oil and natural gas from shale formations became a significant ... oil field machinery, petroleum refining, and petrochemicals—accounted for 1.6 million jobs, 1.8 ...

Commodities analysts estimate that U.S. crude needs to stay above $65 per barrel to keep shale producers in business.

Increasing production to drive prices lower may be good for inflation data, but oil and gas companies must operate above their breakeven price to maintain profitability.

Top U.S. oil producer Exxon Mobil paid $2 billion to add a 250,000-bpd crude distillation unit that runs light Permian shale oil at its Beaumont, Texas, refinery in 2023. The upgrade took four years.

After decades of growth, Chinese demand for transport fuels is peaking as electric vehicles and LNG-powered trucks are ...

Occidental Petroleum, a U.S. shale company, said that the prices received by the firm for its oil and gas production in the ...