A glut of crude has pushed U.S. oil futures 19% lower over the past year.

U.S. oil prices on Tuesday traded at their lowest levels since May, as "concerns over oversupply and weak demand have quickly ...

NEW YORK, Oct 1 (Reuters) - Oil prices slid for a third day in a row to a 16-week low on Wednesday as a U.S. government shutdown fed worries about the global economy, while traders expected more oil ...

Amid lower commodity prices and an industry-wide assault on expenses, one oil major after another over the last two years has announced broad swaths of job cuts. The latest axe dropped Tuesday, when ...

U.S. oil companies have cut over 4,000 jobs this year amid falling crude prices, increased tariffs, and massive industry consolidation. Supreme Court will consider overturning Hawaii's strict ban on ...

Exxon XOM0.04%increase; green up pointing triangle Mobil is slashing 2,000 jobs worldwide, it said Tuesday, the oil industry’s latest mass layoff as companies adapt to anemic oil prices and get more ...

Warning: This graphic requires JavaScript. Please enable JavaScript for the best experience. Le Diplomate had an emergency. After a week of frying frites, the kitchen ...

Oil wells often dry up far earlier than predicted, leaving companies baffled about the “missing” reserves. A Penn State team tackled this puzzle by harnessing PSC’s Bridges-2 supercomputer, adding a ...

Nearly four years ago, John Paul Merritt walked into his pristine white marble kitchen after work, aware he was about to shatter the calm of an ordinary evening. It should have been a day just like ...

Your car's engine, whether gas, diesel, or hybrid, requires sufficient oil to operate smoothly. Too much oil is bad for any engine, but the right amount offers protection against cold starts, reduces ...

US consumer sentiment fell in September to a four-month low on growing concerns about the impact of high prices on personal finances. The final September sentiment index dropped to 55.1 from 58.2 a ...