US Oil-Rig Count FallsWall Street JournalOil prices spiked earlier this month after Baker Hughes reported that the U.S. oil rig count had dropped to a two-year low of 1,223. This week, the number nearly dropped below 1,000. Oil rigs were last below 1,000 i …

Bismarck TribuneThis Chart Shows Why the Number of Oil Rigs May Not Matter AnymoreBloombergThe number of oil rigs drilling new wells in the U.S. has collapsed at an unprecedented rate. The weekly number has gathered a huge following as investors try to fig …

Financial PostOil Advances for Third Week as Supplies Seen SlowingBloomberg(Bloomberg) -- Oil extended its rally above $60 a barrel in London amid speculation that a decline in U.S. drilling will slow crude output and curb a global supply glut. Brent futur …

CBC.caDow nears record, TSX at 5-month high as oil prices continue to climbCBC.caNew York stocks were near record levels and the TSX was at a five-month high Friday as oil prices moved higher. The Standard & Poor's 500 index closed at a record and …

Irish TimesLosses soar to €1.7 billion at Tullow OilIrish TimesPlunging oil prices saw revenues plummet by 16 per cent at Tullow Oil in 2014 while “significant write-offs” and impairment charges saw losses before tax of $2 billion (€1.7bn) at the Irish exp …

Oil Drilling Slows as Crude Price DropsWall Street JournalThe U.S. oil boom is slowing down as drillers cut back in response to lower crude prices, according to new data set to be released on Wednesday. Companies drilled 28% fewer oil wells in January acro …