Why Saudi Arabia won't cut oil production

Nine months after OPEC decided to leave its production target unchanged and pursue market share instead of trying to prop up prices, the group is facing a set of complex problems and decisions going forward.

Slip sliding oil and inflation data

Producer price inflation data, consumer sentiment and industrial production are on tap for Friday, but traders may be diverted more by other factors, such as whether oil continues to slide.

For Norway, Oil at $50 Is Worse Than the Global Financial Crisis

When the financial crisis brought the global economy to its knees, Norway was largely unscathed. But oil under $50? That's another story.

Lira Rises to Seven-Week High as Oil Drops on Iran Nuclear Deal

Turkey’s lira advanced the most in emerging markets as sliding oil prices boosted the outlook for the nation that imports most of its energy.

Why Big Oil Deals Are Ready for an Explosion, in Three Charts

As oil began crashing late last year, many prepared for a buying spree. Shale was going on sale. That sale has yet to show up.

Oil prices could keep falling due to oversupply, says IEA

Oil prices have not reached rock bottom and could continue falling well into next year, according to the west’s energy watchdog.

Cash for Oil: China and Iran Strike New Oil Payment Plan

Oil and gas deals between China and Iran are set to change. Last week, several news agencies in the region, including the Iran Daily and Trend News Agency said that Iran and China have agreed that China would pay in cash for the oil and gas it buys from Iran.

OPEC agrees to keep pumping as oil glut fears persist

VIENNA (Reuters) - Oil group OPEC agreed to stick by its policy of unconstrained output for another six months on Friday, setting aside warnings of a second lurch lower in prices as some members such as Iran look to ramp up exports.

Angola says $80 might be right oil price

Vienna (AFP) - OPEC member Angola declared Tuesday that $80 might be the "right oil price" for the market, ahead of this week's key production meeting in Vienna."

Oil Slump Gives Calgary Tower-Building Opportunity, Mayor Says

The oil price downturn is creating a building opportunity for commercial real-estate developers in Calgary, home to Canada’s petroleum industry, rather than deterring investment, Mayor Naheed Nenshi said.

Top 4 Oil Companies For Dividend Investors

Investing in the energy industry right now can be scary. On the one hand, oil prices have been extremely volatile and look likely to stay that way.

Oil prices tank as oversupply worries dominate

New York (AFP) - Oil prices slumped Tuesday as resurgent worries about the global supply glut combined with a sharp dollar rally.US benchmark West Texas Intermediate for delivery in June shed $2.25 to finish at $57.99 a barrel on the New York Mercantile Exchange.

Oil drops below $60 as market grapples with supply-glut worries

U.S. benchmark oil prices fell below $60 a barrel on Thursday, pressured by market worries over a glut of global crude supplies and indications that oil producers will continue to boost output.

Drillers Answer Low Oil Prices With Cost-Saving Innovations

KENEDY, Tex. — These are lean days in the South Texas oil patch, with once-bustling roads and hotels now empty as the price of oil has plunged and rig after rig sits idle.

OPEC says you can forget about $100 oil for at least the next 10 years

Don't expect oil to go above $100 per barrel within the next decade. The 12-member oil cartel OPEC has this grim forecast in a draft report presented to its staff last week that the Wall Street Journal read.

Saudi Arabia Adds Half a Bakken to Crude Market in a Month

Saudi Arabia boosted crude production to the highest in three decades in March, with a surge equal to half the daily output of the Bakken formation in North Dakota.

Oil prices edge down from 2015-highs, but set for weekly gains

SINGAPORE (Reuters) - Oil prices on Friday edged down from 2015-highs reached in the previous session, but prices remained on track for weekly gains after renewed air strikes in Yemen stoked concerns on the security of Middle East oil shipments.

Falkands Oil work faces delay as Argentina threatens drillers

Oil explorers in the Falklands have been forced to delay drilling work due to falling petroleum prices as a diplomatic spat between Argentina and the UK over drilling around the islands intensifies.

Oil edges up as financial traders bet on higher prices

SINGAPORE (Reuters) - Oil prices rose slightly on Monday, continuing from a strong end to last week as financial traders increased bets on higher prices amid a slowdown in U.S. drilling, but analysts warned fundamentals remained weak.

Iran Deal May Be Slow to Affect Oil Sector

HOUSTON — The breakthrough in nuclear talks with Iran on Thursday has the potential to cause a seismic shift in global energy markets over the long term, but energy experts said any appreciable impact on an already glutted global oil market was highly doubtful for at least six months and probably more than a year.