The OPEC deal to cut oil production may provide a short-term price support, but it won't change the supply outlook much, Goldman Sachs said.
About 100 oil and gas companies have filed for bankruptcy since the start of the oil price rout, and as many more could file before the cycle ends.
According to Reuters, OPEC has reached an agreement to limit oil production in November. The "Power Lunch" crew weighs in.
OPEC could announce an output-freeze deal on Wednesday in Algeria, although full details are unlikely before a formal meeting in November, two OPEC sources said.
CNBC's Hadley Gamble discusses the latest from this week's OPEC meeting in Algiers.
Oklahoma is now the most earthquake prone state, according to federal data. In this case, the reason appears to be man-made.
Rising prices embolden creditors and shareholders to challenge drillers' restructuring plans, putting a bankruptcy exit at risk.
Soren Skou, CEO of Maersk Group, discusses the "consolidation wave ongoing in container shipping."
Soren Skou, CEO of Maersk Group, discusses his company's decision to separate its oil and transport divisions.
Anish Kapadia, managing director at Tudor, Pickering, Holt & Co., explains why he believes there is a good chance of an OPEC deal being done in Algiers.
Major oil explorers have changed the way they approach searching for new reserves, leading to improved returns, even at lower prices, according to a new report.
CNBC's Brian Sullivan reports the latest Baker Hughes oil rig count.
SINGAPORE, Sept 12- Crude prices fell over 1.5 percent on Monday after U.S. oil drillers added rigs to look for new production as producers adapt to cheaper crude, with speculators cutting positions betting on further price rises. Brent crude futures were trading at $47.29 per barrel at 0200 GMT, down 72 cents, or 1.5 percent, from their last settlement.
SINGAPORE, Sept 12- Oil prices fell on Monday after U.S. oil drillers added rigs to look for new production as producers adapt to cheaper crude, and speculators cut positions betting on further price rises. Brent crude futures were trading at $47.58 per barrel at 0041 GMT, down 43 cents, or 0.9 percent, from their last settlement. Algeria's energy minister said there...
CNBC's Brian Sullivan speaks with Devon Energy CEO David Hager about the energy giant's plans in the STACK area of Oklahoma and how to stay efficient and profitable with lower oil prices.
CNBC's Brian Sullivan speaks with Brian Cothran, GE Oil & Gas, about the innovative technology GE is developing for energy companies to be more cost efficient.
CNBC's Brian Sullivan speaks with Todd Halihan, Oklahoma State University Geologist, about the correlation between increased seismic activity in Oklahoma and oil and gas fracking in the state.
CNBC's Brian Sullivan speaks with Kate Richard, Warwick Energy CEO, about making money in the energy business while oil is at $30 per barrel.
CNBC's Brian Sullivan reports on oil production in Oklahoma's SCOOP and STACK regions.
Oil is headed back to the $30s, says trader Anthony Grisanti. Here's why he thinks the recent rally won't hold.