The rebalancing in the oil market is accelerating, said Goldman Sachs in a note on Thursday. » Read More
U.S. shale oil drillers are trimming capital spending plans after oil prices languished below $50 throughout much of the second quarter. » Read More
Oil and gas drillers are spending to grow production now that their finances have improved. That worries some analysts. » Read More
Demand for oil will not shrink overnight despite governments preparing for a transition into electric cars, the CEO of Shell told CNBC on Thursday. » Read More
Europe's largest oil firm Royal Dutch Shell has beaten analyst expectations, reporting profits for its second quarter that are three times larger than this time last year.
Noble shares plunged as much as 48.7 percent on Thursday after the company on Wednesday issued a profit warning and plans for asset sales.
New sanctions on Russia's energy sector require coordination between the United States and Europe at a time when relations are strained.
Venezuela's President Nicolas Maduro is pressing ahead with a controversial election that analysts fear may damage the country's democracy.
OPEC's efforts to stimulate flagging prices are likely to fail once again, Mouhammed Choukeir, CIO at Kleinwort Hambros, told CNBC on Tuesday.
Lower inflation and severely high interest rates have the country's top banking officials warning of a crisis.
Jim Cramer goes over the stocks and events on his radar this week as the market holds its breath amid a tidal wave of earnings reports.
OPEC moved on Monday to cap Nigerian oil output and called on several members to boost compliance with production cuts to help clear excessive global stocks and support flagging prices.
Halliburton swung to a quarterly profit and handily beat analysts' expectations on higher demand in North America.
Beijing warned Hanoi that it would attack Vietnamese bases in the Spratly Islands if drilling continued, the BBC says.
The U.S. is considering financial sanctions on Venezuela that would halt dollar payments for the country's oil, according to sources.
U.S. crude prices fell more than 1 percent Friday after a report said supply from OPEC will rise.
President Trump's plan to put Made in America requirements on pipeline makers has drawn criticism and warnings from a many stakeholders.
Exxon Mobil sued the U.S. government, blasting as "unlawful" and "capricious" a $2 million fine levied against it for a three-year-old oil joint venture with Russia's Rosneft.
Russia's top oil producer Rosneft is negotiating to swap its collateral in Venezuelan-owned, U.S.-based refiner Citgo for oilfield stakes and a fuel supply deal.
T. Boone Pickens on Thursday said he was struggling with speech after a recent fall, but is determined to get better and continue working.
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