Markets stay bloated after recent rig count data support evidence that US production is rising.
Analysts at the firm say the recent increase in US crude imports could reverse from March onward.
CNBC's Jackie DeAngelis reports President Trump's executive order on the Keystone Pipeline could mean construction will begin soon but there are restrictions on where the pipeline has to in made.
The cost of drilling and fracking wells in the Permian Basin is quickly rising — that's if you can book the crews to do the work.
*STOXX Europe 600 index up 0.3 percent. LONDON, Jan 31- European shares climbed on Tuesday and headed for their third straight month of gains, with a rally in firms such as British online supermarket Ocado and Swedish engineer Alfa Laval after their encouraging earnings updates supporting the market. The pan-European STOXX 600 index was trading 0.3 percent...
Conrad Werner, Macquarie Group, weighs in on the performance of the Singapore offshore and marine company.
CNBC's Jackie DeAngelis reports on the role energy played in pushing the Dow to record levels, and what's next for big oil.
Disagreements on sourcing and exports could be problematic for Keystone XL's newly expedited approval process, Sen. Heidi Heitkamp says.
Sen. Heidi Heitkamp, (D-N.D.), discusses her support of President Trump's executive orders on the Keystone XL and Dakota Access pipelines and some of the issues surrounding getting the deal done and the jobs it will create.
CHICAGO, Jan 23- Peabody Energy Corp's plan to emerge from Chapter 11 bankruptcy faces a "material risk" that the U.S. coal producer could suffer a $1 billion revenue loss due to a disputed lease at the world's largest coal mine, according to an objection filed to its reorganization plan. Oil and gas driller Berenergy Corp and Peabody hold overlapping federal...
The oil market looks set to rebalance earlier than expected as OPEC members cut production, according to a report from UBS.
Jan 20- Schlumberger NV reported better-than-expected quarterly revenue as oil producers put more land rigs back to work in North America and prices for oilfield services recovered slightly in the region. Net loss attributable to Schlumberger fell to $204 million, or 15 cents per share, in the three months ended Dec. 31, from $1.02 billion, or 81 cents per share, a...
Andy Hendricks, Patterson-UTI Energy CEO, speaks with CNBC's Brian Sullivan at the Goldman Sachs Global Energy Conference about the state of the energy industry.
Chesapeake Energy CEO Doug Lawler said Thursday his company will likely sell off more assets as it continues to reduce its debt load.
Some say the President-elect can sweep aside Obama's move to put U.S. waters off limits, but others see a battle ahead.
Deborah Byers, Ernst & Young, shares her outlook on oil as oversupply concerns surface and pressure is put on prices.
The Obama administration moved to indefinitely block drilling in large areas of the Arctic and Atlantic oceans, reports CNBC's Eamon Javers.
President Barrack Obama invokes 1953 law to indefinitely block drilling in Arctic and Atlantic oceans. CNBC's Eamon Javers reports.
"This is exactly what several of them had been worried about. This deal gave new life to the shale industry," says one analyst.
John Hess, Hess Corporation CEO, weighs in on where he sees oil prices headed on the heels of OPEC's production deal.