Oil prices surged as as some of the world's largest oil producers agreed to curb oil output.
Without basic goods like food and medicine, the country is facing drawn-out humanitarian and financial crises.
America's oil field workers already took a hit last year. This year, they're taking another one, and worse.
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.
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.
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.
Nelson Peltz's Trian Fund Management invested $2.5 billion in GE a year ago.
Jim Cramer said on Monday the GE-Baker Hughes merger would be a very good rival to Schlumberger.
General Electric on Monday announced a deal to combine its oil and gas operations with Baker Hughes.
Superior Energy Services reported an adjusted loss of 73 cents per share in the third quarter.
Baker Hughes reported a loss of 15 cents per share, compared with expectations for a 44-cent loss.
Mark Fisher, MBF Clearing Corporation founder and CEO, shares his take on oil and natural gas.
Some of the names on the move ahead of the open.
U.S. shale producers will proceed with caution and grow at a sustained pace, says Energy Aspects' Virendra Chauhan.
Ultimately, oil markets remain oversupplied even as oil services companies beat earnings, says Lipow Oil Associates' Andy Lipow.
CNBC's Seema Mody reports third-quarter earnings for Skechers and Schlumberger.
The "Fast Money" traders share their final trades of the day, including Bank of America, Schlumberger and more.
Jim Cramer shares the stocks and events on his radar next week.