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  • An oil transit pipeline runs across the tundra to flow station at the Prudhoe Bay oil field on Alaska's North Slope.

    Independent drillers are pioneering new oil production in Alaska's North Slope and could stem a nearly three-decade output decline.

  • The Trans-Alaska Oil Pipeline, as it zigzags across the landscape.

    The crash in oil prices has brought a major economic hangover to states that are big energy producers.

  • Pipelines and oil storage tanks in Cushing, Okla.

    Oil prices may be tanking in the wake of a failed attempt to freeze production, but Citi is betting on a recovery in prices.

  • The "Fast Money" traders give their final trades of the day.

  • April 13- The Obama administration will announce Thursday safety regulations for offshore oil and natural gas drilling to prevent the kind of explosion that happened six years ago on a BP rig in the Gulf of Mexico, an official told Reuters. The Department of Interior will unveil the final version of its well control regulations, which will require more...

  • There were almost 290 rigs active in Saudi Arabia and the neighboring states of Kuwait, the United Arab Emirates and Oman in March, according to oilfield services company Baker Hughes. Saudi Arabia alone had 127 operating rigs in March, with 67 targeting primarily oil-bearing formations and 60 hunting for gas. Some analysts suggest the drilling uptick is part...

  • *Outages in North Sea, West Africa lifts Brent. Brent was lifted by production outages in the North Sea and West Africa, as well as by hopes that a meeting of exporters planned for April 17 would result lead to an agreement to rein in ballooning overpoduction that sees at least 1 million barrels per day pumped in excess of demand. With both benchmarks back above $40...

  • CRUDE OIL FUTURES UNCHANGED AFTER BAKER HUGHES REPORTS U.S.

  • State of pain: New Mexico

    CNBC's Scott Cohn reports from a New Mexico oil boomtown about the downturn in the energy sector.

  • 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.

  • A laborer works at the Nahr Bin Umar oil field, southeast of Baghdad, Iraq.

    RBC commodities analyst Helima Croft makes the case for why oil could hit $50 after the April 17 OPEC/non-OPEC meeting.

  • 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.

  • The proposal would have opened up drilling sites more than 50 miles off Virginia, North and South Carolina, and Georgia to oil drilling by 2021.. Coastal communities in these states protested the administration's plan, fearing the possibility of an oil spill like the BP Horizon accident in 2010 on the U.S. Gulf Coast, and its effects on tourism and their economies.

  • The proposal would have opened up drilling sites more than 50 miles off Virginia, North and South Carolina, and Georgia to oil drilling by 2021.. Coastal communities in these states protested the administration's plan, fearing the possibility of an oil spill like the BP Horizon accident in 2010 on the U.S. Gulf Coast, and its effects on tourism and their economies.

  • WASHINGTON, March 15- The Obama administration will not open up the southeastern Atlantic coast to drilling due to record-low oil prices and strong local opposition, it said on Tuesday. The proposal would have opened up drilling sites more than 50 miles off Virginia, North and South Carolina, and Georgia to oil drilling by 2021.. Coastal communities in these...

  • 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...

  • NEW YORK, March 11- The U.S. Bureau of Safety and Environmental Enforcement suspended drilling operations at a rig in the Gulf of Mexico on Friday after it responded to a reported fatality, it said in a statement. The platform, some 150 miles south of New Orleans, is operated by offshore oil and gas operator Whistler Energy II, which reported that the offshore worker...

  • March 11- The number of rigs drilling for oil and natural gas in the United States has fallen to the lowest level since at least 1940, oil services company Baker Hughes Inc said on Friday, as energy firms continued to slash activity amid the deepest energy price rout in a generation. Oil rigs RIG-OL-USA- BHI> alone fell for a 12th week in a row this week with the rig...

  • NEW DELHI/ MUMBAI, March 10- India said on Thursday it hoped to unlock gas and oil resources worth almost $40 billion by simplifying licensing rules and offering price incentives to recover gas from difficult offshore fields. Energy demand in India far outstrips consumption, but regulated low prices for gas from prolific but challenging deepwater fields have...