Oil

OPEC and Russia plan to cut oil production to raise prices – which could spur drilling in the U.S.

Pledging to cut production hasn’t always led to actual cuts.

The Organization of Petroleum Exporting Countries agreed this week to cut production for the first time in eight years. That could mean oil prices will go up. But that depends on whether OPEC can convince a bunch of other non-cartel countries to agree to the cut. The cartel has invited 14 other countries to a […]

Environmentalists hope to block new gas and oil pipelines while renewables catch up.

The agreement by OPEC members to cut oil production by 1.2 million barrels a day — that’s 1 percent of global production — sent crude prices climbing after it was announced. The global oil industry hopes things will continue to trend that way. The deal is meant to reduce the current oil glut and get […]

A combining of two smaller refinery operators show consolidation is under way.

The question isn't when we will we run out of oil, it’s "when will we stop needing more and more oil?"

General Electric wants to combine its oilfield services with a bigger competitor.

We might have to say goodbye to cheaper gas.

Despite weakening demand growth, pumping continues apace.