Bloomberg OPEC cut output by 840,000 barrels a day last month, but has more work to do to fully comply with last year’s historic production deal. The Organization of Petroleum Exporting Countries pumped 32.3 million barrels a day in January, according to a Bloomberg News survey of analysts, oil companies and ship-tracking data. The 10 members of the group …

  Bloomberg US oil and natural gas producers added jobs in December and January as drillers continued to return to the well pad with crude prices holding near 18 month highs, according to US jobs data on Friday. Oil and gas extraction jobs increased by 100 to 177,400 in January, while support services jobs increased by 600 to 195,200 in …

  Bloomberg The oil industry’s struggle through the worst slump in a generation showed signs of easing, with Royal Dutch Shell Plc managing to reduce its record debt for the first time since the downturn began. Rising oil prices and billions in cost cuts allowed Europe’s largest energy company and fellow giant Exxon Mobil Corp. to generate enough cash to …