The global economy is booming and demand for precious jewels, particularly colored gemstones, has never been higher.

Oil prices fell back suddenly over the last few trading sessions, dragged down by some forces beyond the oil market. 

Shale companies continue to drill at frenzied pace, breaking U.S. oil production levels. Yet production is becoming increasingly geographically concentrated.

Echoing criticism of too much hype surrounding U.S. shale from Saudi oil minister last week, new report finds shale drilling still largely not profitable.

The consultancy expects crude demand this year to grow by 1.7 million bpd, and says Brent could touch above $100 a barrel in 2019.

Oil prices are set to close out the year up more than 11 percent, hitting their highest level since 2015. However, the road to higher prices was rocky.

Venezuelan President Maduro shocked the market in early December when he followed China's 'petro-yuan' futures announcement by making headlines of himself proclaiming a new national cryptocurrency - the 'Petro' - to overcome The West's "financial blockade."

This Christmas, there is so much more that you know about, as Santa straps on today’s hottest new technological advancement: The blockchain.

Last week, OPEC decided to extend its production cuts through end of 2018. The target is now to bring global oil inventories back down to the 5 year average.

The world's hottest shale basin, the Permian, is leading the second U.S. wave of tight oil production growth and will continue to do so for years to come, all analysts say.

Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market.

While OPEC mulls over further steps to once again support falling oil prices, tech startups are quietly ushering in a new era in oil and gas: the era of the digital oil field.