Oil rig counts have dropped in recent weeks.

June recap: Oil prices fall, Fed hikes rates, rebalance still far away

Oil rig counts have dropped in recent weeks. In the ongoing journey back to market normalization,…


According to Robert McNally, a former White House advisor on energy who spoke with the Times, the OPEC of the modern age isn't what it used to be.

Foreign oil producers suffer from declining influence

According to Robert McNally, a former White House advisor on energy who spoke with the Times, the…


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…