"The market will decide" whether OPEC will extend an output cut, Iraq's oil minister said at a meeting in Kuwait. » Read More
A December oil pipeline spill in western North Dakota might have been three times larger than first estimated. » Read More
An official says Saudi Arabia's U.S. oil exports are falling and will stay low, but other data suggest the drop is only temporary. » Read More
The three largest liquefied natural gas buyers worldwide signed an agreement to cooperate in "joint procurement." » Read More
Oil and gas professionals and the managers who hire them have differing ideas about how an industry recovery will play out, a survey shows.
Industry experts say current regulations do not affect U.S. energy, as President Trump plans a rollback of energy and environmental laws.
The United States appears to be backing away from another global effort to reduce corruption connected to drilling and mining.
As oil prices languish at a three-month low, traders are asking if petroleum producers will extend their six-month agreement to cut output.
An increase in new production projects and a shale boom could create an oversupply situation in the coming years, according to Goldman Sachs analysts.
Shares of Transocean fell more after Borr Drilling announced it will acquire 15 of Transocean's rigs in a deal valued at $1.35 billion.
Here's why oil prices will continue to fall, at least in the short-term, says Andy Lipow.
OPEC and oil producers should focus on being a competitive, flexible and reliable suppliers. Further cuts will only weaken their position.
From the China Development Forum in Beijing, SABIC CEO Yousef Abdullah Al-Benyan talked collaboration between Chinese and Saudi firms.
Months after a deal to curb production, oil looks flat and cash-hungry crude producers are struggling to manage the fallout.
Eleven non-OPEC oil producers that joined a global deal to reduce output to boost prices delivered 64 percent of promised cuts in February.
Russia will further reduce its oil output to match a global oil cuts deal that expires in June.
King Salman oversaw the signing of deals as the world's largest oil exporter looks to cement ties with the world's second-largest economy.
Australia may spend up to A$2 billion to expand a huge hydro power scheme, although the main owners of the dam have yet to be consulted.
"Prices have just kind thrown in the towel in the last week," says ClipperData's Max Smith.
Demand for oil is expected to drop in 2017, the International Energy Agency said in a report on Wednesday, raising further problems for producers as they try to ramp up prices.
Get the best of CNBC in your inbox