The extended slump in oil prices has turned the OPEC nation's once-prosperous oil-boom economy into a mirror of the latter day Soviet Union. » Read More
By: Huileng Tan
North Asia will be hit the hardest when U.S. president-elect Trump follows through on his promises on trade, said Goldman Sachs. » Read More
OPEC signaled a falling oil supply surplus in 2017 on Wednesday as the producer group's output declines from a record high. » Read More
The deal is the largest oil and gas acquisition in the United States since oil prices crashed in November 2014. » Read More
Lack of investment in the oil industry has significantly heightened the risk of an oil price shock, according to the Crescent Petroleum CEO.
Hess Corp budgeted $2.25 billion for exploration and production this year.
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 upbeat outlook follows a more than 20 percent rise in benchmark crude oil prices in the past two months to around $55 a barrel.
U.S. crude stocks rose last week, along with gasoline inventories and distillate inventories, data from industry group the American Petroleum Institute showed on Tuesday.
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 U.S. oil and gas sector rebounded strongly in 2016 as buyers scooped up prime acreage that can produce at a profit.
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.
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