The number of total drilling rigs in the U.S. fell sharply during the past week, declining by 6 to 578, Baker Hughes said in its latest weekly survey.

U.S. energy firms this week cut the number of oil and natural gas rigs operating to their lowest since January, energy ...

U.S. oil prices fell to $57 a barrel after the OPEC Plus cartel said this weekend that it would pump more oil.

The demand for energy is still raising and therefore investment prospects in the oil and gas sector exploration and production remain bright.