Losses from the wildfire blazing in western Canada are nearing $1 billion, and will likely set records for the country, industry experts said. » Read More
A U.S.-led coalition air campaign destroyed $500 million in Islamic State cash, reports USA Today.
The IEA's Neil Atkinson tells CNBC he believes both Saudi Arabia and Russia will continue to “pump as much oil as possible.”
Saudi Arabia's 30-year-old deputy crown prince's ambitious economic "vision" to diversify the economy could include 5 million new jobs.
Weaning Alaska off oil revenues won't be a straight shot. And the pain won't be uniform.
Even after the recent recovery pushing prices to just over $40 per barrel, producing oil in Alaska is solidly a money-losing proposition.
Russia said it was prepared to push oil production to historic highs, just days after a global deal to freeze output levels collapsed.
Energy industry deals declined in the first quarter from a year ago, as would-be acquirers remained locked out of capital markets and others saw little they wanted to buy.
The crash in oil prices has brought a major economic hangover to states that are big energy producers.
Russian stocks rose after a Dutch court overturned a court decision which awarded former shareholders of the Yukos oil company $50 billion.
Kuwaiti oil and gas workers have ended a three-day strike, the trade union said in a statement posted on its Twitter account.
Crude oil prices tumbled as much as 5 percent on Monday after the Doha “no deal,” but staged a turnaround later in the session and traded higher on Tuesday.
U.S. shale drillers created the world's oil glut, and now they could be the biggest force in ending it.
Here's why falling oil prices haven't dampened crude output — even for producers who are losing money on every barrel.
UBS sees oil falling to $30 a barrel after world producers failed to agree on a production freeze at the weekend meeting in Doha.
Earnings growth in the U.S. might have been slow in the last year, but a strategist says the country is not heading into recession
Oil production in ISIS-operated fields has dropped to approximately 21,000 barrels per day, said IHS.
After hopes were dashed that a meeting of top oil producers would end in agreement on freezing productions, where will the price of oil head?
Oil prices may be tanking in the wake of a failed attempt to freeze production, but Citi is betting on a recovery in prices.
Billionaire investor Wilbur Ross is among the players predicting oil will languish in the mid-$30s after the Doha summit ended without a deal.
Oil producers' Doha meeting aimed at a deal to freeze output hit last-minute trouble Sunday amid fresh tension between Saudi Arabia and Iran, sources said.
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