The CEO of Crescent Petroleum also lamented the current lack of investment by the oil industry. » Read More
De-facto OPEC leader Saudi Arabia is pushing for the 14-member oil cartel to increase crude production by 1 million barrels per day (bpd) this week. » Read More
Oil-producing nations appeared to be on the brink of securing a landmark output agreement in Vienna on Thursday. » Read More
U.S. travelers will hit the roads, rails, and airports in record numbers this Fourth of July holiday. » Read More
Index provider MSCI said on Wednesday it will reclassify Argentina as an emerging market and start including Saudi Arabia in that classification in a move that could be supportive of their local equities.
OPEC kingpin Saudi Arabia is struggling to convince some of the world's largest oil producers over the need to increase oil output ahead of a key meeting on Friday.
India is the world's third-largest oil consumer, and sources about 86 percent of its crude oil and 75 percent of its natural gas from OPEC countries.
President Donald Trump's attempt to politicize the oil market should be castigated by OPEC, according to Iran's energy minister.
Jim Cramer says there are a lot of things that scare him about a U.S.-China trade war, but selling its position in U.S. Treasurys isn’t one of them.
Jim Cramer sits down with Carrizo Oil & Gas President and CEO Chip Johnson for an update on key U.S. oil markets.
OPEC kingpin Saudi Arabia appears to have altered its approach to oil production in the wake of repeated Twitter attacks from President Donald Trump, RBC's Helima Croft told CNBC.
China has emerged as the biggest Asian market for U.S. crude, but Beijing's tariffs could halt the purchases by making American oil too expensive.
Since the U.S. lifted long-standing sanctions on Sudan last October, foreign investors' interest has started to trickle in, an expert on the region has told CNBC.
Goldman Sachs still expects the price of oil to climb back above $80 a barrel over the coming months, despite growing concerns over higher OPEC crude production.
The world's top oil producers are set to meet at the end of this week and markets are paying close attention.
SandRidge Energy said on Friday it had been approached by 17 potential bidders for a buyout.
Permian output from Texas and New Mexico will more than double between 2017 and 2023, jumping to 5.4 million barrels a day, IHS Markit forecasts.
The International Energy Agency (IEA) believes a recent spike in the oil price could soon start to ease, helping to alleviate concerns that surging prices could hurt demand and global economic growth.
Exxon Mobil is pushing deeper into energy trading, building a global cadre of experienced traders and beefing up risk-management systems to lift profit.
The average price of regular-grade gasoline in the U.S. has remained relatively steady for the past three weeks with a national average of $3.01 per gallon.