Iran is offering more flexible terms on oil price fluctuations and investment risks to make the sector attractive, the Financial Times reports.» Read More
Buffet's stake in refiner Phillips 66 may not say anything about how investors should play energy, said Ram Partners general partner, Jeff Matthews.
Maersk is to lead a £3 billion project to develop the largest gasfield discovered in the U.K. North Sea for a decade, the FT reports.
Italian energy group Eni said it had discovered potentially one of the world's largest natural-gas fields off the Egyptian coast.
Berkshire Hathaway disclosed a $4.48 billion stake in oil refiner Phillips 66, rebuilding a bet it had made in the energy industry before oil prices fell.
The lows in oil will likely be coming in September or October, and then there will be a different dynamic, John Hofmeister said.
As oil slumps back into the red, after a 10 percent surge on Thursday, analysts suggest this isn't the time to get positive on the sector.
Fluctuations in the price of oil are uniquely felt in West Texas, where life and the economy revolve around black gold.
With oil prices surging after the global market turmoil of "Black Monday," could investors regain their faith in commodities?
French oil major Total has agreed to sell some of its gas pipeline assets in the UK's North Sea to North Sea Midstream Partners.
Bank of Japan Governor Haruhiko Kuroda says China's economic slowdown should not harm Japan's exports.
Oil has lost a third of its value since June, and well-known oil analyst Stephen Schork doesn't see a reason for it to turn around.
Saudi Arabia derives 80 percent of its revenue from oil and has a budgetary "break-even" point almost double the current per-barrel price of $40.
Schlumberger's $14.8 billion acquisition of oil equipment manufacturer Cameron International is a good deal for both parties, analysts tell CNBC.
China's Sinopec Corp, Asia's largest refiner, posted a 22 percent fall in first-half profit on a decline in crude prices that hit earnings.
Oil could be the biggest buying opportunity out there now, Ted Izatt, chief strategy officer at SDKA International, said Tuesday.
Stocks rallied after a string of brutal sessions, but one strategist believes more pain could come before a bottom.
The falling price of oil has a direct effect on the real exchange rate of nations most dependent on petroleum production.
Dennis Gartman on Tuesday said he was on the sidelines for now when it comes to oil, but would be bullish going forward.
Oil prices will likely continue to tumble amid a global oversupply and possible reach the $20 handle, Citi's Ed Morse said on Monday.
As the selloff in global markets drive down oil prices, analysts weigh odds that OPEC could be forced into a production cut.