As a result, shale oil was the primary reason American oil production increased by 1.2 million barrels in 2014 alone, and oil prices have dropped from over $100 per barrel to current prices.

Crude oil prices likely won’t bottom out until later this year and could sink to as low as US$20 a barrel, said Citigroup analysts. Prices for the Brent benchmark have rallied roughly 8% in the past ...

Crude oil prices were trading down on Tuesday in the early afternoon, with WTI at $81.28 at noon ET, down $0.66 per barrel on the day. The Brent crude oil benchmark was trading down $0.65 on the ...

ConocoPhillips' low-cost shale assets and Marathon Oil acquisition position it to weather oil price swings with resilience.

According to Federal Reserve Bank of Dallas' most recent energy survey, oil producers require an average price of $65 a barrel to profitably drill, with nearly 60% requiring prices to be higher.