The International Energy Agency predicts production to outstrip demand by a record 4 million barrels per day by next year. Meanwhile, there are about a billion barrels in tankers currently at sea.

Halliburton and Baker Hughes report financial results this week.

Oil production looks like it could be plateauing. Natural gas, not so much.

Global oil prices are simply too low to make it profitable.

They’ve been ponying up cash for years. Now they want dividends.

Shortages of labor and materials are making it hard to drill and maintain wells.

The move shows the president is trying to bring down prices, but he also appears to be going back on his word to curb oil and gas production.

The people and equipment they need are already hard at work.

Two reasons: reluctant investors and potential regulations.

After years of legal battles, a Miami-based company won the right to carry out exploratory oil drilling in the Florida Everglades.