OPEC signaled that oil markets remain on course for a surplus in early 2020, even as delegates said the organization and its allies probably won’t step up efforts to remove the excess when they meet next month....

Halliburton is reducing its workforce in the Rockies as the biggest oilfield service contractor to announce job cuts grapples with a protracted spending slump in the shale patch....

Oil stabilized as traders weighed conflicting reports on how quickly Saudi Arabia will be able to restore its lost production....

Oil rose for a fourth day after Saudi Arabia’s new energy minister signaled that OPEC and its allies will continue with production cuts as the group prepared to gather in Abu Dhabi....

Spain is importing near-record levels of liquefied natural gas as persistent heat boosts cooling demand and depletes the amount of water available for hydropower generation....

For the oilfield services industry, it’s no longer about merely navigating a downturn. It’s now about survival. ...

OPEC and its allies look set to stick with their current strategy when they meet next week, renewing a deal to restrain oil supplies to prop up prices. But in a market clouded by uncertainties, they’ll probably also hint at how the policy may change. ...

Speaking at the closing of the AIPN 2019 International Petroleum Summit (IPS), Ryan Lance, chairman and CEO of ConocoPhillips spoke about his company’s “hyper focus on returns” highlighting that the “returns the energy industry has generated have been negative over the last 10 to 15 years"...

Saudi Arabia restarted its main cross-country oil pipeline after a drone attack by Iran-backed rebels that halted the link and escalated tensions in the world’s largest oil-exporting region. ...

Asian refiners are asking Saudi Arabia for more crude as buyers in the world’s top oil-consuming region face supply disruptions from Iran to Venezuela, according to people with knowledge of the matter. ...

Significant oil recovery has been obtained by a pilot in ONGC Becharji heavy oil field in North Gujarat, which was first put on production in July 1988....

If there’s one conclusion to be drawn from oil’s return to $70/bbl, it’s that OPEC has learned from its mistakes. ...