Forecasts point to a strong year for the oil and gas industry, although it would not be smooth sailing.
Saudi Arabia's mega-city project hopes to be an alternative booster to its oil-dependent economy.
The crude oil prices are not expected for now thanks to the tensions in Iraq and decreased number of active oil rigs.
The price of oil remains steady but a looming Fed meeting can affects its future price.
The OPEC may have thought the cuts extension will bring oil prices up but they may not have expected the weight of American oil production output.
OPEC wanted to cut production because oil prices had remained stubbornly low, which cut revenue. But when members sell fewer barrels of oil, they obviously limit...
Oil prices jumped roughly $5.00 following initial reports of the agreement and have spent the past few weeks consolidating in a relatively tight range from roughly...
December 13th, 2017 marks a confirmed close in the February 2017 oil contract of 53.94, $0.12 higher than the June 9th high from last year.
Iran's oil and gas companies are now up for bidding by foreign investors and companies.