U.S. oil drillers, and shale oil extraction firms in particular have become a persistent thorn in the side of OPEC and Russia, as they have continued to increase output through ruthless cost-cutting.

Saudi-Russian agreement confirms OPEC cut extension

U.S. oil drillers, and shale oil extraction firms in particular have become a persistent thorn in…


New offshore projects may be coming to the West Coast.

Oil drilling may begin off West Coast

New offshore projects may be coming to the West Coast. Contract rights for offshore oil drilling…


At least a few Wall Street analysts have reason to believe the commodity could exceed the somewhat symbolic $60 per barrel threshold by the end of 2017.

Oil could top $60 by year end

At least a few Wall Street analysts have reason to believe the commodity could exceed the somewhat…


Refiners are increasingly optimistic that gasoline sales will outperform 2016 numbers.

Fresh hopes for summer gas sales

Refiners are increasingly optimistic that gasoline sales will outperform 2016 numbers. Warmer…


Oil prices slide again globally.

Anticipated oil market rally remains elusive

Oil prices slide again globally. As the stock market opened on a relatively bright note to start…


OPEC's effort appears to have made a noticeable dent in the supply glut that had been driving crude oil prices lower in recent years.

Is the oil market approaching equilibrium?

OPEC's effort appears to have made a noticeable dent in the supply glut that had been driving crude…


U.S. oil firms are increasing their capital investment.

US drilling investment increased in time with oil price gains

U.S. oil firms are increasing their capital investment. The maxim at the center of nearly all…


A strike by U.S. military forces in Syria could serve to escalate the nation's conflict, as well as drive up oil prices.

Oil markets react to political developments

A strike by U.S. military forces in Syria could serve to escalate the nation's conflict, as well as…


Oil price fluctuations could result in smaller credit lines for drillers.

Oil price behavior could make banks nervous

Oil price fluctuations could result in smaller credit lines for drillers. For many oil producers,…


Good news for U.S. oil producers made for bad news across the market in general.

OPEC-induced rally ends as oil stocks climb

Good news for U.S. oil producers made for bad news across the market in general. The oil market…


OPEC is losing ground on the world oil stage.

OPEC considers extending production slowdown

OPEC is losing ground on the world oil stage. When OPEC sneezes, the entire global oil market…


Saudi Aramco's IPO would be a major step into uncharted territory.

What a Saudi Aramco IPO could mean for energy industry

Saudi Aramco's IPO would be a major step into uncharted territory. When people think oil, at least…