Houston ChronicleGulf of Mexico to pump record oil as exploration languishesHouston ChronicleOil and gas production could reach an all-time high in the deep waters of the Gulf of Mexico this year as companies cut costs and spend less on exploration. Deepwa …

ForbesThe Next Oil Price SpikeForbesIn addition, the Saudis have about 2 mb/d of 'strategic surplus' capacity, which they maintain in case of need. (See below on crude quality.) The IEA projection is that demand for OPEC oil in 2018 could be 0.4 mb …

Wall Street Journal (subscription)Investors Ponder Oil Rally's Staying PowerWall Street Journal (subscription)U.S. oil futures have risen 16% since falling into bear market territory in June. Prices exceeded $50 a barrel for the first time in two month …

Wall Street JournalUS Drivers Will Put Oil Prices in ReverseWall Street JournalIt is nearly turnaround season, though not necessarily for your favorite baseball team. The greatest late-season surge in a quarter century is already in the books for the oil m …

Wall Street JournalOil Majors' Downstream Outlook Lacks RefinementWall Street JournalBrent crude is hovering around $50 a barrel. But in other ways for Europe's oil and gas majors, this is probably as good as it gets. Refining margins have soared i …

Wall Street JournalOil Prices Near Six-Year Lows on Oversupply FearsWall Street JournalNEW YORK—Oil prices dropped toward six-year lows Thursday on concerns that the global crude glut will worsen when the U.S.'s busy summer-driving season comes to a cl …

Wall Street JournalOil Nearly Erases Gains After Rig Count GrowsWall Street JournalOil prices fell back nearly to unchanged, erasing almost 1.7% in gains on the day, after the U.S. oil-rig count rose for the first time in seven months. U.S. oil producers a …

Wall Street JournalOil Falters After Rig Count GrowsWall Street JournalU.S. oil producers added 12 rigs last week, breaking 29 straight weeks of cuts, in response to prices that have rebound to- and stayed at $60 a barrel since late April. That convinced p …

AL.comAlabama to receive $2.3 billion in BP oil spill settlementAL.comAlabama will receive $2.3 billion in a settlement resulting from the 2010 Deepwater Horizon Oil spill, officials announced today. Gov. Robert Bentley and Attorney General Luther Strange …

Wall Street JournalOil Prices Get Small Boost From Dollar's SlipWall Street JournalOil prices were up modestly on Thursday, reacting again to a falling dollar after a data release showed slightly fewer U.S. job gains than expected. Oil has been heavily …