Shell said on Thursday it was reviewing its business interests in New Zealand as it seeks to streamline its portfolio amid a slump in energy prices.
One of the biggest factors in oil markets next year will be the impact of capital spending cuts on crude production, Tom Petrie said.
Energy companies are choosing to store their crude oil stockpiles, rather than sell them on an oversupplied market at such low prices.
Enrollment in petroleum engineering degree programs appears set to fall, raising concerns about a talent drought in future oilfield crews.
CNBC's Morgan Brennan details how U.S. oil supplies are so high that storage capacity is getting tight.
Dealmaking in America's oil patch has slowed to a trickle, while organized restructurings have ticked up among drillers.
CNBC's Morgan Brennan reports U.S. oil supplies are at near record levels and storage capacity is getting tight.
Instead of falling off as OPEC hoped, oil production has increased from where it was last year, and the world is still swimming in crude.
Nymex oil may have a prolonged sideways consolidation between $38 and $48 but charts suggest that, long-term, it has further to fall.
Midstream oil and gas dealmaking reached $63.5 billion in the third quarter, driven by megadeals worth $1 billion or more.
The risk that oil could fall as low as $20 a barrel is rising amid a persistent surplus, Goldman Sachs said, cutting its forecasts again.
Asian LNG prices could fall 25% in a perfect storm of new supply, falling demand and weaker oil prices.
Companies are plowing billions into infrastructure projects, making long-term bets that demand for nat gas will keep growing.
Michael Yoshikami, founder & CEO of Destination Wealth Management, expects oil that was previously kept in storage to hit the market over the next 45-90 days thereby keeping prices low.
U.S. oil inventory and capex falls may boost prices modestly near term, but production growth is still too strong for substantial gains, Goldman said.
Alan Knuckman, chief options strategist at Bulls-Eye Options, talks about the upcoming Federal Reserve meeting, the strong dollar and the gold market.
Edward Morse, Citi commodities research, discusses what's driving oil price lower as the commodity wanders further into bear territory.
The Canadian government unveiled tougher new proposed oil tank car standards.
Goldman Sachs President Gary Cohn tells CNBC he is concerned about the short-term window for oil and said crude prices could fall to $30 a barrel.
Saudi Arabia's oil minister said he expected oil prices, which hit a near six-year low in January, to stabilize, signalling cautious optimism.