Wall Street JournalUK Offers Respite to Oil Producers by Scrapping Petroleum Revenue TaxWall Street JournalLONDON—The U.K. government has abolished the petroleum revenue tax, the levy charged on oil and gas profits, to kick-start the country's beleague …

Wall Street JournalU.K. Offers Respite to Oil Producers by Scrapping Petroleum ...Wall Street JournalThe U.K. government has abolished the petroleum revenue tax, the levy charged on oil and gas profits, to kick-start the country's beleaguered hydrocarb …

Reuters UKBritain cuts taxes for North Sea oil producersReuters UKLONDON Chancellor George Osborne said he would cut taxes for energy companies pumping oil from the country's North Sea fields, in a boost for the industry which is suffering from the imp …

MarketWatchOil above $35 as US oil-rig count falls for 11th weekMarketWatchThe number of active rigs drilling for crude in the U.S., viewed as a rough proxy for activity in the oil industry, fell by 8 to 392 rigs as of Friday, according to data from Baker …

Wall Street JournalNorway Taps Oil Fund for First Time as Falling Oil Price Takes Its TollWall Street JournalOSLO—Norway's government in January tapped into its sovereign-wealth fund to cover its expenses, for the first time since the fund was establis …

As Oil Profits Plunge, Gulf Regimes Weigh the Unmentionable: TaxesWall Street JournalDubai's year-round sunshine and near-zero taxes have been easy sells for foreign investors and expatriate workers. Oil's plummet below $30 a barrel might change th …

ReutersObama to seek new tax on oil in budget proposalReutersThe long-shot proposal for the oil fee, set to be announced in Obama's fiscal 2017 budget plan on Tuesday, would provide nearly $20 billion a year to help expand transit systems across the co …

RudawCrude oil price is behaving like a global tornadoRudawThe talk around the globe is firmly on the price of crude oil and the devastating impact. We are experiencing the deepest downturn for a long time. The industry has seen booms and busts but this ti …

Mexican oil fields lure next generation of wildcattersSalt Lake TribuneMEXICO CITY — While more than 180,000 onshore wells are producing oil in Texas, only 8,250 have been drilled by Petroleos Mexicanos across the border in Mexico. Welcome to the land of o …

Wall Street JournalKazakhstan's $64 Billion Question: Will Oil Fund Disappear?Wall Street JournalKazakhstan's $64 billion oil fund could run out of money within six or seven years as slumping oil prices cut revenue and the government spends its sav …