CNNMoneyHere we go again: Oil plunges below $40 againCNNMoneyNot only is there an historic oversupply of crude, but gasoline inventories are now at record highs, despite the fact that it's summer driving season. The fear is that the backlog will force …

CNNMoneyHere we go again: Oil plunges back below $40CNNMoneyOil prices are now down more than 22% since topping out above $51 a barrel in early June. That means the closely-watched commodity is officially back in a bear market. It's the latest setback …

Wall Street JournalOil Price Drop Vanquishes Cutting-Edge ProjectsWall Street JournalAs of March, the oil industry has deferred or canceled $270 billion in projects since crude prices began crashing nearly two years ago, according to estimates from Norway- …

Financial TimesOil prices knocked by US inventory dataFinancial Times“Oil sands output is being reduced,” said Facts Global Energy, a consultancy. “The reduction in output is not due to direct effects from the fires at the moment, but largely due to operat …

Financial TimesOil price loses steam despite Alberta wildfiresFinancial TimesOil prices were volatile after two days of losses as investors weighed potential production outages in Canada against data showing another increase in US crude stocks. Brent crude …

Wall Street Journal (subscription)Oil Prices Edge Lower Amid Uncertainty on Global SupplyWall Street Journal (subscription)Oil futures wavered Tuesday amid uncertainty about global oil supplies ahead of a meeting among major producers next month to discuss …

Wall Street Journal (subscription)Oil Prices Shake Off Early Losses, Edge HigherWall Street Journal (subscription)Oil futures reversed early losses and climbed higher Tuesday after reports said Russia confirmed it would attend a meeting among major produce …

Financial TimesOil price crash has far-reaching consequences for business and politicsFinancial TimesThere were 1,568 rigs drilling for oil onshore in the US last week, 41 fewer than in mid-October . . . Debt has fuelled the shale boom . . . As prices fell …

Wall Street Journal (subscription)Oil Prices Slip as Investors Look for Clues on OutputWall Street Journal (subscription)LONDON—Oil futures fell in volatile trade on Tuesday, as uncertainty over global oil supplies remained in focus. Brent crude, the globa …

BBC NewsNigerian state oil firm 'withheld $25bn over five years'BBC NewsNigeria's state-owned oil company has failed to pay the government $25bn (£17.5bn) over five years, the nation's fiscal commission has said. It includes $15bn that the …