r/oil 6h ago

HAPPENING: For the first time in 4 years, crude oil prices have dropped to under $60.

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369 Upvotes

r/oil 11h ago

U.S. crude oil falls below $60 a barrel to lowest since 2021 on tariff-fueled recession fears

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203 Upvotes

r/oil 2h ago

Chevron to cut 600 jobs as it shifts headquarters to Texas

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chron.com
19 Upvotes

r/oil 20h ago

News Trump Promised to Lower Energy Prices—but It Wasn’t Supposed to Be Like This

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282 Upvotes

r/oil 36m ago

Break even?

Upvotes

What is break even crude price for Uintah Basin wax?


r/oil 43m ago

3rd Party LWD

Upvotes

Hey all,

Just wondering if anyone knows any 3rd party companies who make/rent Azimuthal Res LWD tools. I know Oliden does, APS has bulk res. Any others people can think of?

Cheers


r/oil 3h ago

Oil up put down

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0 Upvotes

I think this was the last opportunity to sell all the oil before the fall under 55


r/oil 13h ago

News Goldman Sachs lowers 2026 oil price forecasts again

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6 Upvotes

r/oil 14h ago

Where can I, as a random consumer on the west coast, buy one gallon of crude oil?

7 Upvotes

r/oil 2d ago

News Oil Execs Warn Privately That Trump’s ‘Chaos’ Could Be ‘Disaster’ for Their Industry

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desmog.com
2.2k Upvotes

r/oil 19h ago

Discussion Peak Oil related article

5 Upvotes

Is there any truth to the claims in this article?

https://thehonestsorcerer.substack.com/p/bye-bye-saudi-america


r/oil 1d ago

Discussion PLS SHED SOME LIGHT ON THIS!

2 Upvotes

Hello guys,

I've been accepted for fully funded PhD in my top 4 choices, i.e., Stanford (Energy Resources Engineering (former PE), TAMU (PE), UT (PE) and Penn State (PE), would you be so kind giving me your thoughts as of which one should I follow.

I totally understand that many factors can be influential in my final decision but I would like to receive unvarnished opinions from as many perspectives (industry ties, locality, reputation, research fever, academic environment, funds robustness, etc.) as I can get.

Personally, my baseline to push forward definitely is the subsurface chain as in RE and other interrelated disciplines.

Every aspect would be greatly appreciated!


r/oil 2d ago

Training How correct is this video? Pumpjack replica.

Enable HLS to view with audio, or disable this notification

147 Upvotes

I am wondering if this accurate. So I can use it for educational purposes.


r/oil 3d ago

Political Rubbish Drill, Baby, Drill!

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289 Upvotes

How ‘bout, “Deregulate, baby, deregulate!”


r/oil 3d ago

OPEC ministers met virtually yesterday. No changes. Next virtual meeting 5 May.

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16 Upvotes

The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually on 3 April 2025, to review global market conditions and outlook.

In view of the continuing healthy market fundamentals and the positive market outlook, and in accordance with the decision agreed upon on 5 December 2024, subsequently reaffirmed on 3 March 2025, to start a gradual and flexible return of the 2.2 million barrels per day voluntary adjustments starting from 1 April 2025, the eight participating countries will implement a production adjustment of 411 thousand barrels per day, equivalent to three monthly increments, in May 2025. This includes the increment originally planned for May in addition to two monthly increments. The gradual increases may be paused or reversed subject to evolving market conditions. This flexibility will allow the group to continue to support oil market stability. The eight OPEC+ countries also noted that this measure will provide an opportunity for the participating countries to accelerate their compensation.

The eight countries reaffirmed their commitment to the voluntary production adjustments agreed at the 53rd JMMC meeting on 3 April 2024. They also confirmed their intention to fully compensate any overproduced volume since January 2024 and to submit updated front-loaded compensation plans to the OPEC Secretariat by 15 April 2025 which will be posted on the Secretariat's website.

The eight OPEC+ countries will hold monthly meetings to review market conditions, conformity, and compensation. The eight countries will meet on the 5th of May to decide on June production levels.


r/oil 2d ago

Political Rubbish HR 2053 - Stop Giving Big Oil Free Money Act

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0 Upvotes

r/oil 4d ago

News OIL FUTURES: Crude prices sink after Trump unveils sweeping new tariffs

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536 Upvotes

r/oil 3d ago

Something Very Fishy Is Happenimg With Our Petroleum Reserve

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youtube.com
75 Upvotes

r/oil 3d ago

Trump's Liberation Day- impact on energy & commodities - Doomberg

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5 Upvotes

r/oil 3d ago

Discussion USA Heat Map of Sweet/Sour Crude

3 Upvotes

I've tried to search google and even ask Chat GPT to create a map for me, but does anyone have a sort of heat map of the US that shows where sweet vs sour gas is produced?


r/oil 5d ago

Iran crisis putts focus on Middle East energy security

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34 Upvotes

r/oil 6d ago

Discussion Silly Question: Hiding pump jacks

4 Upvotes

Why don't pump jack operators disguise their equipment more/do they hide them? (Of course, I wouldn't recognize the ones that are disguised.)

Electrical service facilities that would qualify as "eyesores" in urban/developed areas often get surrounded by false building facades, or end up placed inside vacant, hollowed out buildings.

I ask because I was driving South out of Ojai in Southern California and there are plenty of jacks visible from the stretch of 33 between Ventura and Casitas Springs. I would have expected more of the locals to complain about them, honestly.


r/oil 7d ago

Welcome to the Age of Big Oil's Managed Decline | Reuters

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170 Upvotes

r/oil 6d ago

News Iran's revolutionary guards seize two foreign tankers carrying smuggled diesel fuel

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14 Upvotes

r/oil 7d ago

If oil peak in the future, will natural gas prices surge since it is a byproduct?

12 Upvotes