Energy

Oil prices fell Tuesday, with market participants unconvinced that OPEC will reach a deal to cut production at the Wednesday meeting.

Saudi Arabia enters the final day of negotiations before a crucial OPEC meeting with a stark choice: Take on the lion’s share of oil-output cuts, or walk away from a deal if other producers won’t help.

With OPEC members heading toward a possible showdown this week at their meeting in Vienna, crude prices rallied as traders bet that major oil producers can still reach an agreement to cut production.

In November—as well as for a short period in September—the U.S. shipped out more gas than it brought in, further evidence of how the domestic oil and gas boom is reshaping the global energy business.

President-elect Donald Trump says he plans to make America energy-independent. He may receive an unintended boost next week in the form of an oil production cut by OPEC, which could raise crude prices.

U.S. oil and gas companies are slowly stepping up investment in wells and other industry building blocks for the first time in more than two years, offering a small boost to overall economic growth as the year ends.

Expectations that an Organization of the Petroleum Exporting Countries production deal was unraveling dominated Asian trade Monday, adding volatility to regional stocks and currencies.

So-called peak oil demand is a mind-bending scenario that global producers such as Royal Dutch Shell and state-owned Saudi Aramco are beginning to quietly anticipate.

OPEC’s struggle to balance oil supply and demand globally is exposing economic fault lines around the world.

The next President can open Arctic and Atlantic drilling that Obama has shut down.

Iran is still trying to be exempted from an OPEC output cut but expects the group to reach an agreement on curbs next week, the country’s oil minister said.

Argentine officials said they would grant more contracts to build renewable power generators, bringing the total investment committed to such projects to $4 billion.

Saudi Arabian oil officials won’t attend a meeting with their Russian counterparts and others, OPEC officials said, disrupting plans between the world’s two largest petroleum producers to coordinate output cuts meant to elevate slumping crude prices.

U.S. stocks rose to new highs Friday in a shortened session, as the major indexes closed out their third straight week of gains.

Oil prices took their biggest daily losses of November as skepticism grew about whether global exporters can strike an effective deal to cut production.

OPEC will meet next week amid a growing consensus the cartel will strike a deal to cut crude production. An open question remains: How much would that actually affect oil prices?

While European utilities have been selling off coal-fired power plants at a brisk pace, spurred by falling electricity prices and new anti-carbon rules, Czech firm Energetický a Průmyslový has been standing by to snap them up.