Riyadh is ceding its share of some of its most important markets to other producers.

Maturing oil fields mean Rosneft is having to drill more wells to keep output level.

An International Energy Agency chief thinks the petrostate production freeze plan could be “meaningless.”

It’s been just three months since the crude export ban was lifted, and already U.S. crude is being sold in locations all around the world.

A March 20th meeting to coordinate a petrostate production freeze might not occur thanks to Iran’s non-participation.

No one’s cutting production (yet), but merely discussing an output freeze has been enough to kick off an oil price rally.

Monitoring global oil sales is more art than science, and that could undermine Russia and Saudi Arabia’s proposed production freeze.

Russia’s energy minister thinks petrostates’ plan to freeze oil output has achieved “critical mass.” That’s not likely, though it is slightly boosting prices.

The bearish oil market is threatening to push Venezuelan oil firm PDVSA over the edge, which could end up easing the global oversupply.

In a move that threatens to “put a cap” on any potential oil price rebound, American frackers are ready to increase spending if crude edges into the $40 range.