US Oil Producers Ramp Up SpendingWall Street JournalU.S. oil producers, optimistic that higher crude prices are here to stay, have issued 2017 budgets that call for dramatically greater spending to tap new wells. Preliminary capital-spending plans released …

Seeking AlphaSaudi Arabia Optimistic about Oil Prices in 2017Asharq Al-awsat EnglishKhobar – The Saudi Arabian budget was expected to be more clear this year concerning the announcement of oil prices rates used to calculate the budget's estimations, ye …

New York TimesIran Races to Clinch Oil Deals Before Donald Trump Takes OfficeNew York TimesTEHRAN — President Hassan Rouhani of Iran is racing to sign as many oil deals with Western companies as he can, before hard-liners at home and President-elect Donald …

Wall Street JournalCanadian Oil Producers Cenovus, Crescent Point Ramp Up SpendingWall Street JournalCenovus Energy Inc. and Crescent Point Energy Corp., two big Canadian oil-sands producers, signaled a return to growth in the country's oil patch with …

BloombergAirlines to Take First Profit Hit Since 2011 as Oil Price ClimbsBloombergWhile airlines have this year been reaping record profits following a slump in the price of crude, IATA reckons a barrel of oil will average $55 in 2017, up from $44.60, lift …

Wall Street JournalBP Posts Sharp Rise in Profit as Cost Cuts Offset Weak Oil PricesWall Street JournalLONDON— BP PLC's third-quarter profit rose 35%, reversing three successive quarters of losses, as the company began to feel the benefits from cost re …

WIREDPhoto of the Week: The Raging Inferno of Iraq's Oil FieldsWIREDAs Iraqi and Kurdish forces join US allies taking back Mosul, retreating Islamic State forces are setting fire to oil fields and other chemical facilities, burning some 5,000 barrels d …

Science DailySurfaces Repel Water in Oil and Oil in WaterScience DailyResearchers of Aalto University have developed new surface materials that are extremely difficult to wet both by water and oil. Because they don't need isolating air to stay trapped …

Financial TimesExxonMobil on course to cut reported proved oil reserves by 19%Financial TimesIn a statement in its third-quarter earnings release, the company said that if the low crude prices in 2016 persisted until the end of the year, then it would have …

Wall Street JournalChina's Oil Giants Shrink Their SpendingWall Street JournalBEIJING—China's once-freewheeling oil giants are singing a new tune: They'd rather sit on stockpiles of cash than produce more energy. As the commodities slump stretc …