President Donald Trump's plans to seize Iraqi oil has been dismissed by the country's prime minister. » Read More
By: Elizabeth Gurdus
Instead of extracting it so aggressively, the U.S. should leave it until the Middle East runs out of oil, the billionaire says. » Read More
The deal is the largest oil and gas acquisition in the United States since oil prices crashed in November 2014.
Lack of investment in the oil industry has significantly heightened the risk of an oil price shock, according to the Crescent Petroleum CEO.
The head of OPEC said on Thursday that he remains "confident" that the cartel and outside members will stick to an agreement to cut production to help boost oil prices.
The leader of Saudi Arabia's drive for economic reform has laid out a three-pronged strategy, according to remarks reported by Foreign Affairs magazine.
The pain in the U.S. energy sector — the biggest job cutter in both 2015 and 2016 — appears to be easing, according to recent data.
Australia’s economy is likely to stay upbeat after it reported a A$1.243 billion ($910 billion) trade surplus in November, said an economist.
Chesapeake Energy CEO Doug Lawler said Thursday his company will likely sell off more assets as it continues to reduce its debt load.
Dealmaking in the upstream U.S. oil and gas sector rebounded strongly in 2016 as buyers scooped up prime acreage.
Oil producers have started cutting output but the rally in prices could be capped as U.S. shale companies boost production in 2H 2017, said JPMorgan.
Iraq's contracts with oil companies could make it painful to cut output, while northern Kurds may oppose production limits.
Three countries responsible for more than half of OPEC's planned production cuts exported at records through the end of 2016.
OPEC will return to relevance after three years of sustained oil price declines and Capex cuts, an oil analyst said.
One top oil analyst gives his reasons why oil's stellar run will be capped in 2017.
After a year of relatively cheap driving, gasoline prices are creeping higher and consumers could even see a price spike by mid-2017.
Oil market analysts say chances are slim OPEC will achieve 100 percent compliance with production cuts scheduled to begin next week.
The OPEC and non-OPEC landmark deal to cut production by 1.8 million barrels a day in 2017 enters into force this Sunday.
The U.S. last week exported a record 8 million barrels of gasoline and nearly 10 million barrels of distillates, or diesel, according to weekly government data.
These are the stocks posting the largest moves after the bell on Thursday, including: Mylan, Lockheed Martin and more.
Traders have raised their bets oil prices will rise, but OPEC's plans to cut production face significant challenges, John analysts say.
Natural gas futures surged to the highest price in two years, on forecasts for cold weather and lower supply.
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