CBC.caOil price up 4% to $47 as EIA shows crude inventories finally droppingCBC.caThe oil market has been massively oversupplied for months as U.S. shale producers flooded the market with new product in a time when the global economy is slowing. That has d …

Lockport considers allowing new oil pipelineChicago TribuneThe pipeline would then go under the I & M Canal to reach Ducere's oil tanks at its barge loading site on the west side of the Sanitary & Ship Canal. The site is on an island just north …

SFGateCalifornia Democrats Drop Plan to Force 50 Percent Cut in Oil UseNew York Times“Big Oil might be on the right side of their shareholder reports, but we're on the right side of history,” Kevin de Leon, the Senate Democratic leader and main champio …

CBC.caIMF warns Saudi Arabia on public spending as oil revenues dwindleCBC.caThe International Monetary Fund has urged Saudi Arabia to reduce domestic energy subsidies and its public sector wage bill as the world's top oil exporter wrestles with plungi …

Yahoo NewsBolivians warned to tighten belts because of oil plungeYahoo NewsLa Paz (AFP) - President Evo Morales warned Bolivians to start tightening their belts Saturday because plunging oil prices are likely to lead to hard times over the next year. Boliv …

Al Jazeera AmericaStretch of Mississippi River in Ky. Reopens After Oil SpillABC NewsA 17-mile stretch of Mississippi River in Kentucky has reopened with restrictions after it was closed following a collision between two tow boats that spilled more than 12 …

Fired Regulator: Brown Pushed to Waive Oil Safeguards.ABC NewsCalifornia's top oil and gas regulators repeatedly warned Gov. Jerry Brown's senior aides in 2011 that the governor's orders to override key safeguards in granting oil industry permi …

CBC.caCanadian Oil Sands production target at risk from Syncrude fireCBC.caAn analyst says Canadian Oil Sands is at risk of missing its production targets because of a fire at a Syncrude oilsands plant over the weekend. CIBC analyst Arthur Grayfer says Syn …

Canadian dollar moves above 75 cents, but oil fallsCBC.caThat's bad news in the face of the international glut of oil. Output by the Organization of Petroleum Exporting Countries is at record levels and rumours that the oil cartel might hold an emergen …

CBC.caCanadian dollar edges higher, but oil fallsCBC.caThe international glut of oil has brought oil prices lower for the past seven weeks. Output by the Organization of Petroleum Exporting Countries is at record levels and rumours that the oil cartel migh …