Oil

Saudi Arabia's state-run oil company, which is nearing a massive IPO, said a decline in exploration activity will lead to a global crude shortage.

Oil prices settled nearly 3 percent lower on Friday as rising U.S. production as OPEC exports hit a 2017 high cast doubt over efforts by producers to curb global oversupply.

Oil prices settled nearly 3 percent lower on Friday as rising U.S. production as OPEC exports hit a 2017 high cast doubt over efforts by producers to curb global oversupply.

Oil futures settled up slightly on Thursday, well off session highs, after a sharp but short-lived boost from a much bigger-than-expected decline in U.S. inventories of crude oil and gasoline.

Oil futures settled up slightly on Thursday, well off session highs, after a sharp but short-lived boost from a much bigger-than-expected decline in U.S. inventories of crude oil and gasoline.

Last week, the Organization of the Petroleum Exporting Countries (OPEC) met in Algiers and agreed to a general framework of an oil production decrease.

Last week, the Organization of the Petroleum Exporting Countries (OPEC) met in Algiers and agreed to a general framework of an oil production decrease.

A rising dollar signals a strong America but it can be a headache for CFOs.

The on-again, off-again Keystone XL pipeline has already fueled jobs in the U.S.

The on-again, off-again Keystone XL pipeline has already fueled jobs in the U.S.

The oil bohemeths detailed another tough quarter, although the bleak oil market turned a little brighter.

The oil bohemeths detailed another tough quarter, although the bleak oil market turned a little brighter.

Drivers looking forward to big savings at the gas pump this fall may be disappointed.

Drivers looking forward to big savings at the gas pump this fall may be disappointed.

Gas prices closed the Labor Day weekend on a six-day slide, and forecasters believe the fall months will offer more savings for drivers.

U.S. oil exports are on the rise after the federal ban was lifted in December.

Former Shell Oil President John Hofmeister, predicted more volatility and higher prices in the oil market during an interview on the FOX Business Network.

Oil prices retreated about 4 percent on Wednesday, ending their longest bull-run in more than five years, as climbing OPEC exports and a stronger dollar turned sentiment more bearish.