Saudi Arabia has a superpower. Not only is it the largest exporter of crude oil in the world; its production costs for oil projects are also the lowest in the world, at around just $10 per barrel.

A provision inserted by Sen. James Lankford (R-OK) would exempt many domestic oil and gas drillers from having to pay any corporate taxes. Welcome to “Trump’s Beautiful Disaster,” a pop-up newsletter ...

The U.S. set a new annual oil production record on December 15, based on data from the Energy Information Administration. Although the official monthly numbers from the EIA won’t be released for a ...

Devon Energy is a leading US shale oil producer, thriving with a breakeven WTI price near $45, well below industry averages. DVN's operational efficiency and scale enable strong free cash flow, even ...

BATON ROUGE, La. (Louisiana First News) — The House Ways and Means Committee passed a package of bills that would reduce the amount of severance taxes an oil company pays while extracting crude oil in ...

Crude oil crossed $100 per barrel on Monday following news that the UAE is leaving OPEC, a geopolitical development that sent U.S. oil surging to an intraday high of $101.85. That headline move is the ...

ConocoPhillips (COP) -1.1% in Friday's trading as Bank of America downgraded shares to Underperform from Neutral with a $102 price target, saying the company's $53/bbl oil breakeven point and 4.4% ...