WASHINGTON, D.C. (Bloomberg) -- U.S. crude production will fall to its lowest since 2013 next year as battered shale drillers idle rigs to conserve cash, according to a government report. Producers from Texas to Alaska will pump 8.19 MMbopd...

LONDON (Bloomberg) -- Brent crude rose above $40 for the first time since December as major producers prepared to meet to discuss a production freeze and U.S. output finally shows signs of declining. The European benchmark rose as much as 5...

IRVING, Texas (Bloomberg) -- Exxon Mobil Corp. has become the first major U.S. oil company to ship American crude overseas, joining a band of independent traders that are trying to ease a glut at home after a 40-year export ban was lifted....

CALGARY, Alberta (Bloomberg) -- Canadian Natural Resources Ltd. lowered its 2016 capital budget about 22%, joining peers in clawing back investments as price assumptions fall in the worst oil rout in a generation. Canadas largest heavy-crud...

Located in Western Canada, the province of Alberta is a dynamic place to live and do business. As a known leader in responsible resource development across all sectors, the province is also showing leadership on the environment and in resea...

NORWICH, United Kingdom -- Oil Gas UK and East of England Energy Group (EEEGR) have signed a Memorandum of Cooperation (MoC) with the aim of developing a closer relationship, which better serves and promotes the interests of the organizatio...

NEW YORK (Bloomberg) -- Oil climbed from the highest close in more than seven weeks as investors overlooked deteriorating Chinese manufacturing amid the first monthly decline in OPEC production since November. Futures advanced as much as 1....

NEW YORK (Bloomberg) -- Crude advanced as Saudi Arabia said it would work with other producers to curb market fluctuations and as Chinas central bank stepped up efforts to support the economy. WTI futures rose as much as 2.3%, trimming a fo...

HOUSTON (Bloomberg) -- Explorers parked more drilling rigs in U.S. oilfields as the rest of the world looks to shale producers to arrest the worst crude downturn in 30 years with more cutbacks. Rigs targeting oil in the U.S. fell by another...

HOUSTON (Bloomberg) -- Halliburton Co. said its cutting another 5,000 workers, or 8% of its global workforce, to cope with the worst crude market downturn in 30 years. The worlds second-largest oilfield services provider said last month it...