Coast Guard crews battled a blaze on an oil rig off the coast of Italy. The fire broke out on the Rospo Mare B oil platform in the Adriatic Sea on Wednesday afternoon, January 22, around 2 pm.

According to data from Baker Hughes BHI, the number of rigs drilling for oil and gas has fallen by about 20% in the past year. This decline reversed a steady increase that began after the rig ...

OPEC pumped an average of just over 27 million barrels a day in January, about 70,000 a day less than the month before.