CNBCUS oil settles down 27 cents, or 0.55, at $48.52 a barrelCNBCOil prices weakened heading into U.S. crude's settlement Thursday after a larger-than-expected drawdown in U.S. crude stockpiles was balanced by a stronger dollar and position squaring ah …

CNBCUS crude nudges lower on refined products buildCNBCThe total number of rigs exploring for oil in the United States fell by three last week to a total of 628. Drillers were operating 930 rigs in U.S. oilfields at this time last year. Brent crude for Aug …

ReutersOPEC agrees to keep pumping as oil glut fears persistReutersConcluding a meeting with no apparent dissent, Saudi Arabian oil minister Ali al-Naimi said OPEC had rolled over its current output ceiling, renewing support for the shock market treatment …

ReutersOPEC poised to keep pumping even as global oil glut persistsReutersWith oil prices having rebounded by more than a third after hitting a six-year low of $45 a barrel in January, officials meeting in Vienna see little reason to tinker with a strategy …

ReutersOil majors' climate call exposes US-Europe rift on carbon pricingReutersThe world's top oil companies have struggled for years to form a joint front in the face of growing criticism for not taking leadership against climate change. This week …

OECD cuts Canada's growth forecast on oil slumpMarketWatchTORONTO--The Organization for Economic Cooperation and Development has downgraded its forecast for growth in Canada for the second time this year and now expects its economy to grow by about 1.5 …

South Korean shipbuilders ride oil tanker waveFinancial TimesWhen Maersk Line, operator of the world's largest container ship fleet, signed a $1.8bn order with Daewoo Shipbuilding on Tuesday, it highlighted a vital trend for South Korea, the world' …

Houston Chronicle (subscription)Texas oil field vendors cut 200 jobsHouston Chronicle (subscription)From their plants in Houston, Shamrock machines equipment for big oil field services providers, and Magnum makes components for directional drilling and wir …

Forget the Noise: Oil Prices Won't Crash AgainOilPrice.comOil rising to $60/bbl is displeasing some people, particularly the shorts. Some of the more extreme –those calling for oil in the $20's – have wisely fallen silent. Others, like Goldman Sach …

The Australian Financial ReviewPetrobras To Help Pemex Explore For OilOilPrice.comOn May 27, Brazilian President Dilma Rousseff announced that Petrobras would offer technical support to Mexico's national oil company, Pemex. Talks of energy cooperation …