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US Oil

Exxon is shelling out $60B to double its Permian production. Why there?

by Elizabeth Trovall
Oct 12, 2023
The Permian Basin, which runs through West Texas and New Mexico, produces more oil than most countries.
If the Permian Basin were its own country, it would be among the top five oil producers in the world, said Karr Ingham with the Texas Alliance of Energy Producers. Above, an oil pumpjack in Odessa, Texas.
Joe Raedle/Getty Images
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What does this week's OPEC summit have to do with Cinderella?

by Scott Tong
Dec 5, 2018
The real action at the oil meeting in Vienna might be in a stairwell.
OPEC+ member Russia produces over 10 million barrels of oil a day
RYAD KRAMDI/AFP/Getty Images
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