Oil Tanker Traffic Jam Off Texas Is Viewed as Sign of OversupplyNew York TimesA traffic jam of oil tankers, with more than 20 million barrels of crude, has emerged along the Texas coast this month, a snarl that some traders see as the latest sign of an uny …

EUobserverMalta asylum drop linked with Italy 'oil deal'EUobserverMoored in Malta's capital city Valletta, Britain's former naval assault flagship makes an imposing figure. In a backdrop of clear blue skies and limestone walls bathed in Med …

Wall Street JournalThe Long Wait for Chinese Oil Futures ContinuesWall Street JournalHONG KONG—China's volatile stock markets may have claimed another victim: hope for the start of an oil-futures contract this year to rival other global benchmarks in t …

USA TODAYForget oil: Middle East may face climate crisisUSA TODAYRegarding the Middle East and its oil, the late Sheikh Rashid Bin Saed Al Maktoum, longtime Emir of Dubai and Prime Minister of the United Arab Emirates, once famously remarked: "My gran …

Phys.OrgStudy: Dispersants did not help oil degrade in BP spillPhys.OrgSo Joye and colleagues recreated the application in a lab, with the dispersant, BP oil and water from the gulf, and found that it didn't help the microbes at all and even hurt one k …

Wall Street JournalWhy an Apache Deal Wouldn't Open the Oil FloodgatesWall Street JournalNearly two-thirds of Apache's proved reserves are liquids and realized prices per barrel of oil equivalent remain two to three times as high as that of natural …

ForbesMexico Sweetens Oil Auction to Draw Firms Hit by Low Oil PricesWall Street JournalMEXICO CITY—Mexico's hydrocarbons regulator has improved the terms for its September oil auction to drum up more interest among cash-strapped international oil firm …

Yahoo NewsSikorsky to cut 1400 jobs, citing falling oil productionYahoo News(AP) — Sikorsky Aircraft Corp. says it's cutting 1,400 jobs in the coming year as the helicopter manufacturer faces declining demand for shuttling workers to offshore oil platf …

Oil settles at highest level of the yearMarketWatchOil futures on Tuesday marked their highest settlement of the year, based on the most-active contracts. Prices got a boost from a weaker U.S. dollar as traders bet that weekly data will show a decline in U …

CBC.caCanada's crude oil production fell in May to lowest level in almost 2 years ...CBC.caCompanies in the space like Royal Dutch Shell, Canadian Oil Sands and Suncor Energy have yet to release their official production estimates, but they are also in …