Moves by OPEC, its nonmember supporters, and Canada to curb their production paint a much different supply picture.
The midstream sector is an important one not only to support the infrastructure needs of the oil and gas industry but also for investors.
Four merger announcements in the past month suggest more deals could be forthcoming.
Crude oil prices have fallen back to where they were at this time last year, which is quite a tumble from their recent peaks.
Oil stocks are becoming much friendlier to income-seeking investors this year.
With supplies from key producers in decline, the oil market might not be able to keep up with demand.
OPEC has resisted calls from President Donald Trump and the head of the International Energy Agency to increase its supplies to keep a lid on prices as it sees a much different oil market up ahead.
If Iran makes good on its threats, crude prices could go hyperbolic, according to analysts.
While the president blames OPEC for rising oil prices, there are several other culprits at fault.
The global resources giant could sell its shale assets by splitting them up into packages or unloading them in one transaction.
A hole created by $2 trillion of underinvestment could have an amazing consequence.
Oil has had its best winning streak in 10 months.
Government data showed a weaker-than-expected supply draw, which sent oil prices sinking, taking oil stocks with it.
From its humble beginnings to its global clout, these are things everyone should know about this market-moving cartel.
Just because the oil market remains saturated with crude right now doesn't mean it will stay that way forever.