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.

Oil at $30 Is No Problem for Some Cost-Cutting Bakken Drillers

The lowest crude prices since 2009 might still not be enough to end the U.S. energy renaissance.

Exxon Bets on Russia as Rivals Stick to U.S. Wells

As Exxon Mobil Corp. (XOM) and Royal Dutch Shell Plc, the world’s largest oil companies, bet on increasing production from Russia, smaller rivals are boosting crude supplies by exiting foreign fields to focus on booming U.S. wells.

More oil than ever shipping by rail

With U.S. oil production booming and pipelines operating at full capacity, the amount of oil shipped by rail car surged in the first six months of the year -- jumping 48%.

Why Cheap Gasoline Could Be Bad For America's Economic Comeback

Oil prices have fallen in the past week, with benchmark Brent crude down more than 5% to less than $100 a barrel on Monday morning.

Oil Set for First Weekly Drop Since July as Gulf Output R

Oil is heading for the first weekly decline since July in New York as producers work to restore Gulf of Mexico output and refiners prepare to resume operations after Hurricane Isaac passed.