As producers confront this unpleasant reality, some will finally start to significantly curtail or even shut down operations. And that is going to severely hurt an all but invisible group; strippers in the United States.

There has been some revealing new information coming out recently regarding the strategy against ISIS.

Robert Bensh—managing director and partner at Pelicourt, a Western-owned oil and gas company discusses navigating tricky conflict zones.

Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been making inroads in the European market amid the oil price downturn.

Drilling oil and gas wells requires a lot of money. For companies that have seen their revenues vanish because of collapsing oil prices, access to credit is obviously critically important.

One casualty of the oil price downturn could be the megaproject.

Elon Musk famously proposed the idea of the Hyperloop a few years ago, and suggested it could be a revolutionary method for travel based on available technology today.

Nevada is booming as new lithium companies rush in to stake out targets and massive business development gets underway, from Tesla to Amazon and Apple.

Why is it that the responsibility for balancing the market falls on OPEC? Why should OPEC be the one to fix the imbalances in the global crude oil trade?

October has been billed as a pivotal month in which indebted shale companies would see their credit lines cut, precipitating a faster consolidation in the industry that would sow the seeds of a rebound.

While the sharp decline in crude prices has saved crude consuming nations hundreds of billions of dollars, the loss in revenues has caused crude exporting countries intense economic and financial pain.

Since 2009, China has been taking a much more active role in its pursuit of international oil contracts.