Higher than anticipated demand for OPEC crude combined with the historic deal in December with non-OPEC nations to cut production is forecast to rebalance the oil market in the second half of 2017, according to OPEC’s latest monthly report.

Oil prices slipped on Friday as the market refocused on a persistent fuel supply overhang that is not expected to abate.

An agreement by OPEC to work toward a production cut could put a floor under oil and points to the strain low crude prices have had on producers.

Bob Pisani takes a look at reports that OPEC has agreed to cap oil production.

A freeze in production by OPEC members would not include Nigeria, according to the country’s oil minister.

U.S. investment bank Goldman Sachs has lowered its forecast for the price of oil price.

A touted oil production freeze by Saudi Arabia might not be enough to boost crude prices, even if it goes ahead, the Russian finance minister told CNBC.

A.P. Møller-Mærsk announced on Thursday that the company would split into a transport business and a separate energy division.

U.S. stock index futures pointed to a slightly higher open on Wednesday, as investors remained cautious over choppiness in the oil market.

U.S. stocks opened Tuesday trading sharply lower as investors looked ahead to next week’s Federal Reserve meeting while keeping an eye on falling oil prices.

Central banks like the U.S. Federal Reserve will be crucial in determining the state of health of the energy sector, according to OPEC.

Oil markets are once again in the doldrums amid fears of a persistent oversupply and concerns over the slow drawdown in U.S. inventories.

Saudi Arabia’s state-run oil company has detailed plans to become the world’s leading energy and chemicals company by 2020.

“You’re going to see a much more robust Saudi Arabia going forward. There’s no question about it,” John Kilduff says.

The impact of low oil prices and energy layoffs is reverberating across Louisiana — and being felt acutely in the bayou.