Russia and Iran have yet to agree on details of an oil-for-food deal, highlighting global pressures on both countries.
Russia's Energy Ministry said it was withdrawing Minister Alexander Novak's statement on cooperation with Iran on crude oil shipments.
Chevron reported second-quarter earnings on Thursday that beat Wall Street's expectations.
ExxonMobil reported a stronger-than-expected profit on Thursday as higher prices for its crude and natural gas offset a 6 percent drop in production.
The Bakken, Eagle Ford and Permian Basin are generating more than a million barrels of oil per day each, a third of U.S. daily production.
U.S. shale has put the country on the same terrain as Saudi Arabia and Russia. In the process, it may turn oil into a safe haven.
Even as U.S. shale companies pursue mergers, analysts don't expect them to become echoes of Big Oil deals that eventually fell flat.
Big mergers are afoot. But is a major shale oil deal a sign of a strong market?
Whiting Petroleum said it would acquire Kodiak Oil& Gas for $3.8 billion, becoming the largest producer in North Dakota's Bakken shale play.
The United States is swimming in oil and gas. However, processing this bounty is posing a challenge to U.S. refiners.
The U.S. is producing vast amounts of oil—but isn't quite in Saudi Arabia's league just yet, according to experts.
A "very small number" of disposal wells are behind a swarm of earthquakes plaguing Oklahoma, according to a new study.
Using conservation as a baseline, Opower broke down a few World Cup contenders according to their energy policies.
Backers in favor of the Canada-to-Texas pipeline are pointing to the crisis in Iraq as a rationale for pushing the project forward.
The head of Iraq's South Oil Company also insists that current developments have not affected and will not affect oil operations in the south.
Demand is up for sand used in fracking, which blasts it into wells to crack rock and release oil and natural gas.
BP will use unmanned aircraft systems to conduct aerial surveys of Alaska's North Slope.
Hiring for two new SCE&G reactors underscores the need for replacing retiring nuclear workers in next several years.
What's bad news for consumers—namely, high energy prices—can be great for large investors and oil and gas companies.
New York's highest court will consider allowing local bans on hydraulic fracturing.