Tehran’s oil exports have nearly halved since 2011, wilting under the pressure of Western sanctions.

Tehran hopes to boost oil production by one million barrels per day if and when Western sanctions are lifted, which could make life a lot worse for both OPEC and the U.S.

The EIA expects American oil output to drop slightly next year as low crude prices hurt shale producers.

A bearish crude market is wreaking havoc on governments whose budgets rely on oil revenues.

Riyadh pumped more oil in March than at any point since November 2005. The world is awash in crude.

OPEC is clashing with the rest of the world’s oil producers, and as the IEA reports this price war is only just beginning.

Crashing oil prices and a new oil-unfriendly government pose big threats to Albertan oil sands production.

These are trying times for American shale producers, but don’t call the boom a bust just yet.

American shale is reeling from falling oil prices, and the world’s oil majors’ balance sheets are showing it.

The Saudis spent a record amount of their rainy-day fund in February and March. The oil price plunge is taking a toll.