The world’s biggest oil companies are benefiting from the high commodity prices that have been a drag on the rest of the economy.

© Meridith Kohut for The New York Times

U.S. oil production is expected to grow only modestly next year as companies hesitate to spend more in an uncertain market.

© Arathy Somasekhar/Reuters

The pace of the recovery will depend on how confident companies are that the deal between the United States and Iran will hold and be extended.

© Reuters

The U.S. oil giant is negotiating a deal to pump oil in Venezuela, ending a standoff with its socialist rulers and marking a victory for President Trump.

© Adriana Loureiro Fernandez for The New York Times