BP Needs Oil to Rise to $60 to Break EvenWall Street JournalLONDON—BP PLC said it needed oil prices to rise to $60 a barrel in order to break even, as the British oil giant ramped up debt levels last year to fund spending, maintain its dividend and cope wi …

The Oil Supply Glut Is Here To Stay In 2017OilPrice.comIt has become painfully obvious that the much-hyped OPEC agreement to reduce global oil production by close to 2 million bpd won't have the effect that its initiators had hoped for. True, crude has …

CBS NewsWorkers evacuate from oil platform in Gulf after it catches fire, Coast Guard saysCBS NewsA pre-dawn fire has been extinguished on an oil production platform in the Gulf of Mexico, and there is no sign of pollution in the area, authorities said Thu …

CBS NewsWorkers jump from oil platform in Gulf after it catches fire, Coast Guard saysCBS NewsThe Coast Guard and crew members of surrounding vessels were responding to a pre-dawn fire on an oil platform in the Gulf of Mexico off the coast of Louisiana, au …

CBS NewsFire on Oil Platform in Gulf of Mexico ExtinguishedWall Street JournalA fire that broke out on an oil platform off the coast of Louisiana is fully extinguished, according to a spokesman for its owner, Renaissance Offshore LLC. “Looks like a small f …

CBS NewsCoast Guard: Fire burns on oil platform in Gulf of MexicoCBS NewsNEW ORLEANS -- The Coast Guard and crew members of surrounding vessels are responding to a pre-dawn fire on an oil platform in the Gulf of Mexico off the coast of Louisiana, the Coast …

KSAT San AntonioCoast Guard: Fire Reported on Gulf of Mexico Oil PlatformABC NewsFour people were evacuated after a fire broke out on an oil platform in the Gulf of Mexico on Thursday, the Coast Guard said. "Watchstanders at Coast Guard Sector New Orl …

Wall Street JournalOil's Most Popular Trading Products May Soon Be Shut DownOilPrice.comFor most retail investors, buying physical crude oil as a commodity is not an option. Instead, many investors turn to exchange traded notes (ETNs) as a way to specu …

Wall Street JournalAustralia's BHP Billiton Wins Bidding for Stake in Mexico's Trion Oil FieldWall Street JournalMEXICO CITY—Australia's BHP Billiton won bidding Monday to partner with Mexican state oil company Petróleos Mexicanos in the Trion …

Wall Street JournalMexican Oil Auction Offers First Major Test of Foreign Firms' InterestWall Street JournalMEXICO CITY—Mexico is preparing to auction rights to drill in the oil-rich deep waters of the Gulf of Mexico, considered the crown jewel of the …