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  • Oil Iraq OPEC

    U.S. crude production fell under the 9 million barrel a day threshold last week, a welcome development for oil producers heading to Doha this weekend.

  • Discussing the bull and the bear case on oil rig data, with John Kingston, McGraw Hill Financial.

  • CNBC’s Jackie DeAngelis looks at the surge in oil prices.

  • LONDON/ OSLO, April 8- Norway's multi-billion-dollar high-yield bond market has become the latest casualty of the oil industry slump, with looming debt defaults for firms that operate supply ships and drilling rigs set to hammer investors who bet on the once-booming business. This has effectively shut down a part of the corporate bond market that is worth...

  • An oil pump in northern New Mexico.

    New Mexico's oil and gas industry is overshadowed by Texas drilling, but the state is an energy power in its own right.

  • Workers wash off hoses that are part of the oil rig owned by Liberty Resources, located just outside of Tioga, ND in the Bakken region of US.

    Goldman Sachs said the net effects of cheaper crude on growth have been "negative so far," given the impact on oil producers.

  • Offshore oil rig

    Commodities specialist Helima Croft tells CNBC oil prices could face a long, onerous process of erasing oversupply.

  • Peak oil to peak demand?

    Kent Moors, Executive Chairman of Energy Capital Research Group, and Kyle Cooper, Managing Director at Criterion Research, discuss the current state of crude inventories and where oil prices are heading.

  • BOSTON/ NEW YORK, March 23- More cash, lower targets and bigger share awards- not all U.S. energy bosses are feeling the full impact of tumbling oil prices in their paychecks. Oilfield services company Schlumberger NV, for example, used lower earnings targets for the second half of 2015, which helped its CEO Paal Kibsgaard receive total pay of $18.3 million, only...

  • An oil worker stands by a rig near Williston, North Dakota.

    The dash to $40 per barrel over the past eight weeks won’t last, says oil expert John Kilduff.

  • Oil traders on the floor of the New York Mercantile Exchange.

    You may need an iron stomach to invest in this battered sector, but it could provide the biggest opportunity in years, says Ross Gerber.

  • White House will not allow drilling in Atlantic

    The White House reverses their previous stance on oil drilling in the Atlantic Ocean, reports CNBC's John Harwood.

  • Saudi Arabia to cut contract spending

    The country's central government orders all ministries and state bodies to implement spending cuts.

  • Crude oil production

    Joe Petrowski, Mercantor Partners founder and former Gulf Oil CEO, discusses the energy sector including whether crude has bottomed.

  • NEW YORK, March 14- The first major upstream oil and gas bankruptcy filing of the year could occur this week as SandRidge Energy Inc, Venoco Inc and Energy XXI Ltd reach the end of grace periods following millions in missed interest payments. The three oil and gas exploration and production companies with operations across the United States, said they would skip a...

  • Lessons from the boomtown

    CNBC's Brian Sullivan reports from Williston, North Dakota about how the downturn in the drilling industry is affecting the restaurant industry in the town. He speaks with Marcus Jundt, owner of Williston Brewing Co.

  • Boomtowns adjust to cheap oil

    CNBC's Brian Sullivan reports from Williston, North Dakota about the state of oil drilling there as oil prices stay low.

  • Roughly half of crude oil leaves the Bakken region by rail. This spring, construction is set to begin on a 1,100-mile pipeline for faster, cheaper transport.

    As oil prices have collapsed, drilling and overall business are down in Williston, a shale boomtown in North Dakota.

  • John Kilduff

    Oil's fall has been spectacular, but the market is not out of the woods. Not by a long shot, says John Kilduff.

  • Workers on a drill site at the Permian basin outside of Midland, Texas

    In the oil sector, if you're willing to take a long term view, these stocks have potential to rally, says Andy Lipow.