Officials are exploring the option of vertical drilling too as the heavy-duty auger machine that was used in the horizontal drilling throug...

The trailers - carrying pipes, generators and computers - are called “mining rigs.” But their owners aren’t there to drill for oil. They ar...

Oil markets are faced with a triple and not double whammy--Texas, Russia and OPEC.

Oil prices jump almost 5 per cent as traders rush to cover the risk of a Middle East war

US West Texas Intermediate (WTI) crude futures were at $52.07 per barrel.

Crude producers in the US are pumping a record 11.7 million barrels a day.

US West Texas Intermediate (WTI) futures fell 20 cents or 0.3 per cent, to $68.79 a barrel.

Crude oil is witnessing major support around $63.80-63 and resistance at $66-66.50.

Oil tumbled on concerns that expanding global supply will counter reductions from the OPEC.

US drillers increased the rig count by six to 747 last week, the highest level since April 2015.

Crude oil futures slipped 0.35 per cent to Rs 2,869 per barrel today.

While Goldman expects Opec deal to ultimately succeed, it warns the surplus may reappear.

Crude has declined more than 10 per cent since hitting a 2016 peak in early June, stoking fears of another second-half slump.

Since the start of 2015, 85 North American oil and gas producers have gone bankrupt, according to law firm Haynes & Boone LLP.

Oil prices rose as the number of US rigs fell for a sixth straight week, while investors waited for Chinese trade data to be published late...

Drillers' debt ballooned to $235 billion at the end of the first quarter, a 16% increase in the past year, even as revenue shrank.

Barack Obama says he will end a cozy relationship between federal regulators and drilling companies.