Rigs drilling beneath the deep waters of the Gulf of Mexico will drive U.S. oil industry growth this year and next as onshore ...

Output is projected to rise from 1.8 to 2.4 million barrels per day by 2027 amid strong federal support and new investment.

Fuel prices are expected to stabilize through 2026, with diesel averaging around $2.10 per gallon and regular gasoline near ...

Hurricane Delta raked across the Gulf of Mexico, halting most of the region's offshore oil output on Thursday after energy companies shut-in wells, pulled staff from offshore platforms and began ...

The U.S. Gulf of Mexico (GoM) delivers a large, stable, medium-sour to light-sweet offshore crude slate that anchors U.S. supply, averaging roughly 1.9–2.0 million b/d (estimated 2023–2024), or about ...

The United States is on track to break yet another oil production record this year, but the Energy Information Administration (EIA) says the resulting supply glut could drag prices lower in the months ...

Oil prices climbed in Asian trading on Wednesday as investors digested a mixed U.S. crude inventory report and assessed the broader supply outlook ahead of a modest production increase by OPEC+ in ...

British energy giant BP said it would proceed with its $5 billion Tiber-Guadalupe project in the Gulf of Mexico, its second new platform in the region in less than two years as it doubles down on ...

Mexico might be replacing Venezuela as Cuba’s key economic savior, sending $3 billion in oil between May and August, some of ...

BP p.l.c. (LON:BP) said in its third-quarter 2025 trading statement that it anticipates higher upstream production and ...

At-a-Glance: The Gulf of Mexico (GOM) supplies roughly 3–4% of global liquids, anchored by mature U.S. deepwater output and Mexico’s shallow-water barrels. The basin’s barrels are logistically ...

Oil prices extended their fall as prospects of an oversupplied market weighed on sentiment. TotalEnergies to Cut Costs While Boosting Oil, Gas Output Through 2030 TotalEnergies said it will boost oil ...