The war with Iran is driving up global oil prices and fueling an increase in local oil production. But it’s not a significant increase, according to the Dallas Federal Reserve.

At the briefing, Sinopec executives said the Middle East crisis has significantly disrupted the global economic and trade landscape.

Brent oil prices could spike above $100 per barrel if the Gulf Arab countries run out of storage space and shut down production, according to JPMorgan.

California Attorney General Rob Bonta has filed a lawsuit against the U.S. Department of Energy, challenging the department’s decision to allow Sable

Chevron boosted oil production in Venezuela early this year, but big investments in the country’s beleaguered oil sector will require more changes in its laws, Chevron CEO Mike Wirth says. Venezuela earlier this year rewrote key hydrocarbon laws to favor private investment,

Venezuela's ​oil production, including condensate ‌and gas liquids, has reached 1.1 mln ​barrels per day ​in March, a government presentation ⁠citing figures from ​state oil company PDVSA ​showed on Wednesday.

On Tuesday, Judge Donna Geck upheld an injunction against a restart of oil production locally despite an order from

BISMARCK – North Dakota produced 1.124 million barrels of oil a day in January, a slight decrease to the prior month’s production of 1.126 million barrels of oil a day. Natural gas production also had a slight decrease with January production at 103 billion cubic feet and 103.