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  • A worker hangs from an oil derrick outside of Williston, N.D. State data show that 1 billion barrels of oil have been produced from the rich Bakken shale formation in western North Dakota and eastern Montana.

    Oil and gas professionals and the managers who hire them have differing ideas about how an industry recovery will play out, a survey shows.

  • A weld shack is moved toward a pipe joint during construction of the Keystone XL Pipeline in Atoka, Oklahoma.

    Officials say the State Department will recommend approval of the Keystone XL pipeline, clearing the way for the White House to formally approve it.

  • *OPEC cuts began on Jan. 1 but stockpiles still climbing. Benchmark Brent crude oil was trading at $50.57 a barrel by 11:49 a.m. EDT, down 7 cents on the day and holding above Wednesday's slide to $49.71, its lowest level since Nov. 30 when OPEC announced plans to cut output. OPEC has broadly met its commitments to reduce output, but non- OPEC producers have yet to fully...

  • Oil drilling

    Industry experts say current regulations do not affect U.S. energy, as President Trump plans a rollback of energy and environmental laws.

  • *OPEC cuts began on Jan. 1 but stockpiles still climbing. OPEC has broadly met its commitments to reduce output, but non- OPEC producers have yet to fully deliver on pledged cuts and U.S. shale oil producers have been pumping more oil after crude prices recovered from last year's drop below $30. Oil ministers from OPEC and some non- OPEC states meet on Sunday in Kuwait,...

  • Prices of oil, one of Canada's major exports, hovered above four-month lows, with a recovery reined in by investor concerns that Organization of the Petroleum Exporting Countries-led supply cuts were not yet reducing record U.S. crude inventories. The vote on a Republican healthcare plan is seen as a litmus test of President Donald Trump's ability to...

  • King Salman bin Abdulaziz, Saudi Arabia's king, gestures as he arrives for the Saudi Arabia-Japan Business Forum for Saudi Arabia Vision 2030 in Tokyo, Japan, on Tuesday, March 14, 2017.

    Political, regulatory and legal challenges may discourage Riyadh from pursuing a U.S. listing for Saudi Aramco.

  • *OPEC cuts began on Jan. 1 but stockpiles still climbing. OPEC has broadly met its commitments to reduce output, but non- OPEC producers have yet to fully deliver on pledged cuts and U.S. shale oil producers have been pumping more oil after crude prices recovered from last year's drop below $30. Oil ministers from OPEC and some non- OPEC states meet on Sunday in Kuwait,...

  • *OPEC cuts began on Jan. 1 but stockpiles still climbing. OPEC has broadly met its commitments to reduce output, but non- OPEC producers have yet to fully deliver on pledged cuts and U.S. shale oil producers have been pumping more oil after crude prices recovered from last year's drop below $30. Oil ministers from OPEC and some non- OPEC states meet on Sunday in Kuwait,...

  • OPEC members have argued for decades over which of the two they should monitor to gauge compliance with oil-output cuts. This month, Saudi Arabia has thrown a third metric supply- into the debate. On Jan. 1, a deal between the Organization of the Petroleum Exporting Countries and some non- OPEC states to curb production by 1.8 million bpd came into effect.

  • *OPEC cuts began on Jan. 1 but stockpiles still climbing. LONDON, March 23- Oil prices rallied from four-month lows on Thursday but the recovery was cautious with investors concerned that OPEC- led supply cuts were not yet reducing record U.S. crude inventories. Brent crude, the international benchmark for oil, was trading at $51.02 a barrel by 1112 GMT, up 38 cents on...

  • Very likely OPEC will continue cuts beyond June: Analyst

    Anish Kapadia, managing director and senior research analyst at Tudor, Pickering, Holt & Co, adds that focus is also on U.S. inventories failing to fall.

  • *OPEC cuts began on Jan. 1 but stockpiles still climbing. Brent crude, the international benchmark for oil, was trading at $50.84 a barrel by 0915 GMT, up 20 cents on the day and rebounding from Wednesday's slide to $49.71, it lowest level since Nov. 30 when OPEC announced plans to cut output. While OPEC has broadly met its commitments to reduce output, non- OPEC producers...

  • *Brent crude dipped below $50 but has since recovered. *China's fuel exports near record, imports slump. SINGAPORE, March 23- Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC- led efforts to curb global production.

  • Michele Della Vigna, commodity equity business unit leader in EMEA at Goldman Sachs, discusses the future of an agreement between OPEC and non-OPEC producers to curb production.

  • *Brent crude dipped below $50 but has since recovered. *China's fuel exports near record, imports slump. SINGAPORE, March 23- Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC- led efforts to curb global production.

  • Why oil has rebounded

    Alejandro Barbajosa at Argus Media says prospects of an extension in the OPEC output cut are supporting oil prices.

  • *Brent crude dipped below $50 but has since recovered. *China's fuel exports near record, imports slump. SINGAPORE, March 23- Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC- led efforts to curb global production.

  • *Brent crude dipped below $50 but has since recovered. *China's fuel exports near record, imports slump. SINGAPORE, March 23- Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC- led efforts to curb global production.

  • SINGAPORE, March 23- Oil prices on Thursday recovered from losses chalked up the session before, but the market remains under pressure as bloated U.S. crude inventories and rising output dampen OPEC- led efforts to curb global production. Prices for front-month Brent crude futures, the international benchmark for oil, were at $50.94 per barrel at 0146 GMT, up 30...