Upstream OnlineUS Oil-Rig Count Climbs by 21Wall Street Journal (subscription)The number of rigs drilling for oil in the U.S. rose by 21 in the past week to 652, according to oil-field services company Baker Hughes Inc. The U.S. oil-rig count is typically …

Financial TimesTrump approves Keystone XL oil pipelineFinancial TimesThe $8bn Keystone XL pipeline is designed to carry heavy crude about 1,200 miles from the oil sands of Alberta, Canada, towards refineries in the US. It was blocked by Mr Obama in 2015, a …

FortuneAll Drill, No Pump: Oil Producers Are Leaving Thousands of US Wells UnfinishedFortuneRising U.S. shale output has rattled OPEC's most influential exporter Saudi Arabia and pushed oil prices to a near four-month low on Wednesday. U.S. production …

Venezuela Alleges Fraud in $1.3 Billion Oil-Rig LeaseWall Street Journal (subscription)CARACAS, Venezuela—The Venezuelan government is investigating alleged corruption in a $1.3 billion contract between the state oil company and a private contractor co-fou …

Are Oil Prices Really Driven By Supply And Demand?OilPrice.comFor most people the reflexive answer to the title question is yes. Consider, however, that over various time spans since 1980, the price of oil has dropped 75, 76, 78, and 75 percent, and risen …

BloombergWatch US Oil Drilling Collapse—and Rise AgainBloombergWhile two dozen nations are coordinating to cut oil production and rein in the global supply glut, U.S. producers are moving in the opposite direction. Over the last four months, output increas …

USA TODAYMost experts see oil below $60 through 2017USA TODAYMost top experts from the oil industry do not expect oil prices to trade beyond $60 per barrel in the next 12 months. According to a Bloomberg survey at the Asia-Pacific Petroleum Conference in S …

Wall Street JournalUS Oil-Rig Count Climbs by TwoWall Street JournalThe U.S. oil-rig count is typically viewed as a proxy for activity in the sector. After peaking at 1,609 in October 2014, low oil prices put downward pressure on production and the rig cou …

Wall Street JournalCrude-Oil Gains in Tandem with StocksWall Street JournalCrude-oil prices flipped to gains Wednesday as oil keeps trading in concert with stocks, other commodities and some currencies. U.S. oil for August delivery recently traded up 1.1% …

Wall Street JournalOil Prices Keep Falling on Concerns Over Global Growth ProspectsWall Street JournalCrude oil prices ticked lower Wednesday as widespread pessimism among investors and swamped gasoline markets continue to weigh on prices. Stocks, commodit …