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Production

U.S. crude oil production is expected to average more than 12 million barrels per day late next year for the first time ever. more

Refining/Petrochemical

'Resurgent' U.S. petrochemicals industry to help boost global oil demand more

Drilling & Exploration

The Permian basin in Texas is leading the way as U.S. oil production has reached an all-time high, but the prolific output is causing bottlenecks as pipelines transporting the crude have filled up more quickly than expected. more

Drilling & Exploration

BP’s profits more than doubled in 2017 to $6.2 billion powered by higher prices and output of oil and gas, allowing the company to resume share buybacks as it recovers from a three-year downturn. more

Refining/Petrochemical

ConocoPhillips (NYSE: COP) today reported a second-quarter 2017 loss of $3.4 billion, or ($2.78) per share, compared with a second-quarter 2016 loss of $1.1 billion, or ($0.86) per share. more

Refining/Petrochemical

ADNOC plans to almost triple its petrochemical production to an annual 11.4 million tons by 2025 from 4.5 million tons at present. more

Refining/Petrochemical

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