Chron.com (blog)Marathon Oil plans 29% spending cut, posts lossChron.com (blog)The move would keep Marathon's 2016 production levels even with the rate it pumps oil and gas at the end of this year. “We're maximizing capital allocation to the highes …

Salt Lake TribuneMarket Retreats as Oil Prices and Media Shares FallNew York TimesOne of the biggest victims of Ms. Yellen's comments, inadvertently, was oil and gas stocks. Her remarks caused the U.S. dollar to strengthen and oil prices to decline sha …

Yahoo! Maktoob NewsOil falls below $50 on US stocks buildYahoo! Maktoob NewsLONDON/NEW YORK (Reuters) - Oil prices fell back below $50 a barrel on Wednesday after a U.S. government report showed a higher than expected build in oil stocks as well as on OPEC …

Wall Street JournalEnbridge to Invest $5 Billion in Gulf Coast Oil TerminalsWall Street Journal“Our robust Enbridge system would be enhanced by creating terminals in the Gulf of Mexico,” Mike Moeller, general manager of midcontinent assets for Enbridge Ene …

TheBlaze.comOil Company Gets Surprising Credit for Boosting Tourism Years After Massive ...TheBlaze.comORANGE BEACH, Ala. (AP) — With the Memorial Day holiday just around the corner, fallout from the oil spill that left Gulf Coast beaches smeared with gooe …

Crude-Oil Exports to Canada Kept US Gulf Coast Storage Hubs Below CapacityWall Street JournalThough federal law prohibits exports of most U.S. crude oil, there is an exception for shipments to Canada. As production in the U.S. and in Canada has increased i …