Oil Exploration & Production News

OPEC's unexpected understanding to trim production shows the cartel still has the resolve — and even desperation — to try to guide energy markets higher. But don't expect triple-digit oil prices anytime soon.

OPEC deal shows cartel's resolve and desperation

Sep 29, 2016

OPEC's unexpected understanding to trim production shows the cartel still has the resolve — a...

OPEC nations reached a preliminary agreement Wednesday to curb oil production for the first time since the global financial crisis eight years ago, in an effort to reduce a global glut of crude that has depressed oil prices for more than two years and weakened the economies of oil-producing nations.

Algeria-Oil Prices story

Sep 29, 2016

OPEC nations reached a preliminary agreement Wednesday to curb oil production for the first t...

OPEC nations have agreed in theory that they need to reduce their production to help boost global oil prices during a meeting in Algeria, but a major disagreement between regional rivals Saudi Arabia and Iran still may derail any cut. What happened to oil prices and why can't OPEC agree to anything more binding?

AP Explains: What does OPEC's tentative deal mean for oil?

Sep 29, 2016

OPEC nations have agreed in theory that they need to reduce their production to help boost gl...

Oilfield-services company Weatherford International PLC has agreed to pay a $140 million fine to settle government claims that it used fraudulent tax accounting to inflate its earnings.

SEC: Weatherford International oil firm to pay $140M fine

Sep 28, 2016

Oilfield-services company Weatherford International PLC has agreed to pay a $140 million fine...

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Active Power Enters Into Asset Purchase Agreement With Langley Holdings PLC

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MDU Resources Announces Webcast of Analyst Conference Call

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