Oil snapped a three-day gain as exchange-traded funds avoided nearer-term contracts.

The global imbalance between oil supply and demand is set to halve in May, according to Rystad Energy.

But there is a lot of upward momentum in supply that needs to be reversed.

Oil and gas industry-focused cloud software firm exec observes similarities and differences between two historic episodes.

Oil was headed for the longest run of daily gains in more than nine months.

Oil's recovery from last month's epic plunge accelerated as production cuts start to whittle down a supply glut.

Oil's rally ran out of steam after prices doubled over five days.

Futures in New York fell 2.3 percent Wednesday, after doubling in value from a week ago.

The oil price has been predicted to hit $100 per barrel in around 18 months.

Commercial potential of the new discovery will be assessed in the next phase.

He succeeds John Whelan, who has been named VP, Global Heavy Oil, ExxonMobil Upstream Oil and Gas.

With Saudi Arabia as the linchpin, OPEC's importance in the global oil market is clear.

Longer-term, the outlook for US production is not all gloom as domestic demand will clearly return.

Norway's ministry of petroleum and energy revealed Wednesday that the country has decided to cut its oil production.

The oil-price war may be over, but the effects are still rippling through the market.

Figuring out which wells to shut, and for how long, is the hard part.

He expects a proposal for mandated production cuts is now dead a day before the state will vote on the measure.

Unprecedented crude oil demand declines over the second quarter of the year will wipe out over a decade of industry growth in barrel terms.

Some shale producers said all they need is $30 oil to consider bringing back curtailed crude output.

Oil was anchored near $24 a barrel after halting a five-day rally.

As the coronavirus pandemic turns the oil market on its head, it's also sending shockwaves through the shipping industry.

Saudi Arabia is now indicating it's determined to do whatever it takes to support an oil price recovery.

The supertankers will hold more than half of its North Dakota crude production.

Today saw wild price swings as investors weighed supply-and-demand fundamentals against Saudi Arabia's global price hike.

Oil headed for its first back-to-back weekly gain since February.

Rystad Energy is forecasting that oil demand will decrease by 10.8 million barrels per day in 2020.

Here are some of Rigzone's top stories during the last week, just in case you missed them...

Two of Norway's most influential oil executives asked the government to change a tax proposal that is meant to boost investment.

Rigzone panelists offer their top oil market hits and misses for the week ending May 8, 2020.

Oil notched its first back-to-back weekly gain since February.

As the seas of controversy - and climate change - rise around her, Sarah Palin spends her time Tweeting about oil and the ANWR.

Leonardo DiCaprio and Ellen Page reveal the minds they would love to change for the better.

Video: Larry Schweiger, president and chief executive Officer of the National Wildlife Federation, talks with Rachel Maddow about the extent of damage to Gulf c

Former oilman T. Boone Pickens talks about the need to get off foreign oil and the recent spill in the Gulf Coast.

Planet 100 investigates the 5 worst oil spills on record and how the Gulf oil spill compares.

BP’s oil spill could hamper the domestic oil industry -- but that doesn’t mean we’ll use less oil.

A compilation of some of the most disturbing factoids about BP and the federal government's response to the catastrophe.

Louisiana Gov. Jindal puts up Flickr album of gruesome oil creeping into Louisiana wetlands.

Something seems fishy ... when asked about poor response to the disaster, the head of the Louisiana Coast Guard said: 'I'm just slow and dumb.'

A new app for iPhone and Android lets users report impacts of the Gulf oil spill in real time.

Video: The celebrity talks about his experience in the industry and how to move forward.

While the the big NGOs appear to be asleep at the wheel, thousands of Americans will gather on June 26 to make a bold statement to Big Oil execs: 'Stay off our

The oil spill drives home the consequences of our addiction.

Alaskan journalist Charles Wohlforth, author of 'The Fate of Nature,' tells MSNBC about the oil spill's likely long-term effects and what could exacerbate them.

100,000 barrels per day and a tilting wellhead presage doomsday scenario, according to an industry insider.

Oilman-turned-solar entrepreneur Jeremy Leggett says there's only one shot to plug the well, and getting it wrong comes with a heavy price.

ClimateCulture launches a campaign asking individuals to do their part in reducing the need for oil. Not sure this one will go over well in middle America.

Billed as the first charity 'F-bomb-athon' this is of the most satisfying rants about the BP oil spill yet. Do not listen in the presence of small children.

Environmentalists are pledging to go oil free August 21 and 22. Are you up to the challenge?

Don't miss your chance to make a difference during the Weekend Without Oil.