Hedge funds boosted bets on rising U.S. crude prices to the highest level in more than seven months.

The Liza Unity is a conversion of SBM Offshore's first MPF hull ever built for the Fast4Ward program. It's set to leave the SWS shipyard in January 2020. (PHOTO Source: SBM Offshore)

Oil extended losses after the biggest decline in three weeks as Kuwait signaled a deal with Saudi Arabia to renew crude output along their border and as U.S. shale explorers increased drilling.

The slowdown in Permian Basin oil drilling and fracking is spreading to the lenders as austerity takes hold.

WTI and Brent crude oil prices finished lower Friday but are up slightly against their Dec. 13 settlement prices.

After a delayed vote, both Callon Petroleum Company and Carrizo Oil & Gas, Inc. shareholders voted to approve the companies' all-stock merger Friday morning.

A US trade group representing manufacturers with $1 trillion in annual sales wants DOE to reject four applications to export LNG from the Gulf Coast.

The U.S. has reversed the trend of rig loss to add a net total of 14 rigs this week.

Basic Energy Services, Inc. has named Keith L. Schilling as president, CEO and director of the company.

Enbridge Inc. submitted to regulators its plan for long-term contracts for its giant Mainline crude pipeline system linking the oil sands to refineries in the U.S. and eastern Canada.

Eni CEO Claudio Descalzi and Albania Minister of Infrastructure and Energy Belinda Balluku sign the Dumre Block production sharing contract as Albanian Prime Minister Edi Rama (standing, right) and an unidentified individual watch. PHOTO SOURCE: Eni

Billionaire wildcatter Harold Hamm invited Elizabeth Warren to the Oklahoma oil patch as the U.S. Democratic presidential candidate proposes a ban on fracking if elected.

Subsea 7 has been awarded a 'sizeable' contract by Chevron U.S.A Inc. for subsea installation services at the St. Malo field.

Schlumberger has committed to setting a 'science-based' target to reduce its greenhouse gas emissions.

Royal Dutch Shell expects capital expenditure to be near the lower end of the $24 billion to $29 billion range in 2019.

Oil is on track for its third weekly advance as the U.S. and China made more progress toward a phase-one trade deal.

WTI and Brent crude oil prices both returned to positive territory Thursday.

Delek and Houston-based Noble were planning to start pumping gas to the local market within the coming days.

Oil leaders say there is no basis to consider forcing non-exempt refineries to subsidize their competitors.

This image, captured from a brief GES-provided video, shows the pilot-scale produced water evaporative disposal plant in action. IMAGE SOURCE: GES via Business Wire