They may have to be.

The cartel is cutting output as promised, but its efforts are being offset by surging U.S. shale production.

It’s not enough to balance supply and demand—petrostates need to contend with crude in storage, as well.

London is using both carrot and stick to keep offshore oil output up.

The EIA doesn’t see crude prices rising significantly next year.

America’s rig count is rising, and it’s only going to climb further after OPEC’s decision to cut output.

Moscow just promised to cut its oil output, but that promise rings hollow.

OPEC just cut its oil output for the first time since 2008. America may emerge the biggest winner.

Don’t count out these offshore projects just yet.

America’s recent election could make OPEC’s proposed production cut even more irrelevant.