Saudi Arabia pumped close to a record amount of crude oil last month, leading the biggest surge in OPEC output in almost four years just as the U.S. shale boom shows signs of slowing, the International Energy Agency ...
Saudi Arabia's oil minister Ali al-Naimi said on Tuesday that the kingdom stood ready to "improve" prices but only if other producers outside of the Organization of the Petroleum Exporting Countries (OPEC) joined the ...
Anti-fracking campaigners have accused the shale industry of wanting companies "to be allowed to mark their own homework" by suggesting independent checks on wells could be done in-house.
Lenders are preparing to cut the credit lines to a group of junk-rated U.S. shale oil companies by as much as 30 percent in the coming days, dealing another blow as they struggle with a slump in crude prices, accordi ...
US shale oil producers could reduce output late this year if low oil prices continue, according to a new report from the Organisation of Petroleum Exporting Countries (Opec).
In a world of $55 a barrel oil, Exxon Mobil Corp. is relying on shale fields in Texas, Oklahoma and North Dakota to help fund the next wave of big overseas projects it needs to thrive in the future.
State energy firm Saudi Aramco has extended the deadline for companies to bid for work on its unconventional gas facilities in the north of the country, signalling it remains committed to developing shale gas deposit ...