OPEC, for some quiet moments..

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The good news for U.S. producers: the chief executive officer of Europe’s second-biggest oil and gas company thinks American shale assets are “quite expensive” following a recovery in the price of crude. The bad news: they’re growing more affordable. Assets tied to shale producers, particularly those in America’s most-coveted oil field, have fallen this August thanks to concerns about oversupply that have emerged as the firms announced second-quarter results. The anxiety is evident across stocks, bonds and in the words and actions of major energy players who now say they’re eschewing the once-popular sector.

It's been a tough month for some of America's most-loved oil plays

While other offshore rig operators are still struggling to survive the worst oil-market slump in a generation, one Norwegian company has managed to turn things around. Odfjell Drilling Ltd., which owns four rigs and specializes in drilling in harsh environments, has seen its stock rise almost 300 percent in the last year to trade near a three-year high even as rivals such as Transocean and Ensco continued to lose billions in market value. “It’s completely unique,” said Sondre Stormyr, an analyst at Danske Bank.

Oil slump no obstacle to 300% return for Norwegian driller

Harvey became the strongest hurricane to hit Texas in more than 50 years, making landfall in the heart of the U.S. energy sector and bringing the danger of a life-threatening storm surge.

Harvey hits U.S. oil hub with massive winds, torrential rain

Two more oil fields in Libya are being closed after an armed group took over pipelines to both deposits, further disrupting the OPEC nation’s plan to boost crude production. El Feel, or Elephant, stopped production, Wessam Al-Messmari, an office manager for the Petroleum Facilities Guard that is protecting the field, said Sunday by phone. State-run National Oil Corp. declared force majeure at the deposit, according to a person familiar with the situation who asked not to be identified because the information isn’t public.

Libya's oil disruptions widen as two more fields halt output