Fluctuations in the price of oil are uniquely felt in West Texas, where life and the economy revolve around black gold.» Read More
Oil prices are tumbling, but gasoline prices are not, and it may take several quarters it to balance out, energy analyst Neal Dingmann says.
Shell got the permit it needs to drill for oil in the Arctic Ocean off Alaska's northwest coast for the first time in two decades.
Iran's return to the world oil market appears to be one of the most difficult supply sources to forecast, according to a new CNBC Oil Survey.
KKR's Samson Resources said it finalized a restructuring plan that it expects to implement under a Chapter 11 bankruptcy reorganization.
Experts forecast crude prices will decline this fall to levels where many producers could be unable to make money, according to a new CNBC Oil Survey.
KKR's Samson Resources plans to file for Chapter 11 bankruptcy protection in the coming months amid diving oil and gas prices.
Refiner stocks like Tesoro and Valero have proven resilient despite a prolonged slump in oil prices.
The Obama administration will allow limited sales of U.S. crude to Mexico for the first time, a senior administration official told Reuters.
A seasonal event that happens every year may be what finally pushes oil prices to rock bottom.
Low energy prices and a weaker euro has aided euro zone exporters, fueling growth.
Malaysia's ringgit hit a fresh pre-peg 17-year low on Friday after a fall in oil prices increased concerns over the country's exports.
While much of the U.S. is seeing cheap gas this summer, drivers in Chicago and across the Midwest are in for some real pain at the pump.
The UK government will be able to overrule local decisions over fracking in a move that could cut the time between pinpointing sites and drilling.
Cars are more efficient than ever, but fuel costs have also been rising. On a miles-per-dollar basis, driving today is much like it was in the 1950s.
Lower oil prices and spending cuts will "take a toll" on producers outside the Organization of Petroleum Exporting Countries.
Increased pumping by OPEC as Chinese demand appears to be slackening could drive oil to the lowest prices since the peak of the financial crisis.
Iran will see a substantial re-rating of its assets along the same lines as post-Cold War Russia, according to one investment company.
Patrick Dehaan, senior petroleum analyst at Gas Buddy, has looked at the key factors that are pushing prices lower.
OPEC raised its forecast of supplies from non-member countries in 2015, a sign that the price collapse is taking longer to impact shale and competing sources.
The great global game of chicken means there is a huge reluctance to be the first country to cut production and lose market share.