Prime Minister Haider al-Abadi told reporters Iraq is willing to cut its crude oil output as part of OPEC's plan to reduce global supply.
Oil prices eked out gains as hopes that OPEC might agree to limit production cuts at the end of the month boosted sentiment.
America's oil field workers already took a hit last year. This year, they're taking another one, and worse.
Oil fell on the prospect of another year of oversupply and weak prices overshadowed chances that OPEC will reach a deal to cut output.
Employment in the industry is holding steady in recent months after falling throughout 2015 and the first part of 2016.
The merger of Baker Hughes and GE Oil & Gas creates a new type of oilfield services firm that defies easy comparisons to peers.
If oil prices plunge between now and 2019, the economics for the GE-Baker Hughes deal will "fall apart," says Albert Fried and Company's Sachin Shah.
Jim Cramer broke down the latest moves in this "confusing" market, and how to act upon it.
Shares of Baker Hughes gave up early gains in volatile trading after the company announced it would merge with GE's oil and gas business.
Matt Marietta, Stephens analyst, weighs in on the deal between General Electric and Baker Hughes, and what it means for the oil industry.
The Dow and S&P extended their slide to three months, while the Nasdaq snapped a three-month winning streak.
Warne says the reason is "the expectation that interest rates will go up and that deals will get more expensive in the future."
Oil prices slid on Monday after non-OPEC producers made no specific commitment to join OPEC in limiting oil output levels to prop up prices.
The last 30 days have seen more than a fifth of year-to-date deal value for announced U.S. M&A, according to S&P Global Market Intelligence.
CNBC's Morgan Brennan reports on the potential merge between General Electric and Baker Hughes.
The “Fast Money Halftime Report” traders and “Mad Money” Jim Cramer weigh in on the energy sector, including the GE/Baker Hughes merge.
The deal "gives us an opportunity to create all the synergies of a combined GE and Baker Hughes," GE's Jeff Immelt tells CNBC.
Jeff Immelt, GE Chairman and CEO; Lorenzo Simonelli, President and CEO of GE Oil & Gas; and Martin Craighead, Baker Hughes Chairman and CEO speak on the timing of their deal.
Jeff Immelt, GE Chairman and CEO; Lorenzo Simonelli, President and CEO of GE Oil & Gas; and Martin Craighead, Baker Hughes Chairman and CEO speak on the deal between General Electric and Baker Hughes.
Nelson Peltz's Trian Fund Management invested $2.5 billion in GE a year ago.