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Energy news covering oil, petroleum, natural gas and investment advice Oil production growth is slowing due to natural depletion and rising costs, especially in the permian basin, but new federal estimates could offset geological limits. This report provides an overview of global oil and natural gas market trends, including price changes, production data, and geopolitical developments impacting energy.

Australia’s woodside energy expects its sales of crude oil and natural gas to rise by some 50% by 2032, driven by growing demand for energy, especially in asia.

The current price of west texas intermediate (wti) crude oil today is $59.80 per barrel Live charts, historical data, futures contracts, and breaking news on wti prices can be found below. And canadian rig count and drilling data, and use oilprice.com's graphing tools to compare oil prices, frac spread, production and drilling data per basin or province.