U.S. energy firms this week cut the number of oil and natural gas rigs operating to their lowest since January, energy ...

President Donald Trump wants more oil drilling, but one Texas producer expects low prices to send output downward.

The group's decision has triggered a supply surge, despite crude oil sliding to the low-$60s per barrel - and U.S. shale producers are "feeling the squeeze," economists at Allianz Research, led by ...

The oil and gas rig count fell by six to 578 in the week to May 9. Baker Hughes said this week's decline puts the total rig count down 25, or 4% below this time last year.