Clifford Krauss

Rex Tillerson is likely to be a lightning rod for some senators as he seeks confirmation

The downward spiral of oil prices and the reluctance to reduce production are threatening to destabilise economies and governments in countries that are already fragile

Experts worry that Beijing is exporting its worst practices abroad

The global powers' nuclear deal with Iran paves the way for the country's oil industry to get back on its feet after nearly 30 years of sanctions. But experts say it could take at least a year for the

Saudi Arabia's daily production in March and April nearly equalled its record output in 1980 when prices were soaring

Before the country can begin to significantly add to world oil supplies, the US and its allies will need to be convinced that Tehran is living up to its commitments

Production is likely to begin declining in the second half of the year, and then crude prices will also begin to recover

A supply glut has forced Opec members to cut prices to protect market share; US oil companies safe until oil hits $60/bbl