HOUSTON (Bloomberg) --Shale drillers boosted drilling activity in the U.S. oil patch to the highest in three years even as American crude output touched unprecedented levels. U.S. working oil rigs rose by 11 this week to 808, the highest si...

NEW YORK (Bloomberg) --Crude took a turn lower amid an equity selloff largely pinned to growing apprehension about a potential trade war with China. Futures edged down 1.3% in New York on Thursday after topping $65/bbl this week for the fir...

NEW YORK (Bloomberg) --Crude advanced to a three-week high as the OPEC-led alliance of major oil producers accelerated the timeline for curbing a worldwide supply glut. Futures in New York climbed as much as 2.4% on Tuesday. Global crude su...

LONDON (Bloomberg) --From Franklin Roosevelt to George W. Bush, American presidents saw oil as the cornerstone of the relationship between Saudi Arabia and the U.S. -- a steady supply from the Middle Easts largest exporter was considered cr...

NEW YORK (Bloomberg) --Crude ended Friday higher after a curious, late-morning spike left analysts scratching their heads. The market was little changed during morning hours of trading, but rocketed upwards just before 11:30 a.m. in New Yor...

NEW YORK (Bloomberg) --Oil slid in New York amid concern that global demand might not absorb swelling U.S. supplies. Futures fell 1.1%, and April futures slipped below May contracts. The U.S. government expects major shale regions to boost...

NEW YORK (Bloomberg) --As the price of oil goes, so goes Williston, North Dakota. Now, though, the community located deep in the states Bakken shale play is working to break free from the industrys boom-and-bust cycles. When oil sold for $10...

NEW YORK (Bloomberg) --U.S. oil companies curtailed activity for the first time since January as escalating output from shale fields stunted a recovery in crude prices. Operators idled four working oil rigs this week, bringing the total to...

VANCOUVER, B.C. -- Africa Oil Corp. has announced that it has completed the previously announced (Feb. 7, 2018) investment in Impact Oil and Gas Limited, a private UK company with exploration assets in South and West Africa. In connection w...

HOUSTON (Bloomberg) --Soaring demand is the main reason for the rebound in oil prices -- but if the economy falters, crude could tumble back to $40/bbl, according to ExxonMobil Corp. Cuts by OPEC countries have helped, but economic expansio...