Oil extended its slide following an industry report that American crude storage surged.

Oil-industry watchers have been predicting a wave of buyouts among U.S. shale drillers for years. Has the starting gun finally fired?

Embattled commodity trader Noble Group Ltd. issued a defense of its planned restructuring, saying if shareholders vote down the plan it will probably enter insolvency proceedings in the U.K. or file for liquidation, such as Chapter 11 in the U.S., and existing equity holders risk being wiped out.

Concho Resources Inc.’s chief executive trumpeted his $8 billion acquisition in the Permian shale basin as a “road map" for consolidation in America’s hottest drilling play, even as investors took a warier look at the pricetag.

America’s most prolific oil field is now its worst market for natural gas.

CALGARY — Prospects are looking brighter in the Canadian oilpatch as commodity price increases drive higher profits and afford companies room to offer dividend hikes and share buybacks — but slumping stock prices show that the oil and gas sector remains in the penalty box with investors.