ReutersUS plan to sell oil reserve shows declining import needsReutersThe U.S. Strategic Petroleum Reserve (SPR) SPR-STK-T-EIA, the world's largest, holds about 688 million barrels of crude in heavily guarded underground caverns in Louisiana and Texas. …

ReutersUS plan to sell oil reserves undermines OPEC supply management effortsReutersBut the move undermines OPEC's efforts to tighten global oil markets by cutting their output this year and likely into 2018. "It will complicate the OPEC efforts t …

Oil majors' reserves are shrinking and investors don't mindReutersLONDON As crude prices recover, oil majors face a dilemma – how quickly should they seek to replenish reserves? It's the same question the cyclical oil industry has tackled many …

ReutersIraq's oil reserves increase to 153 billion barrels, oil minister saysReutersBAGHDAD Iraq's oil reserves have increased to 153 billion barrels, from a previous estimate of 143 billion barrels, Oil Minister Jabal al-Luaibi said on Sunday. Ira …

Colombia's oil reserves fell in 2015 as price curbed activityReutersColombia, the fourth biggest oil producer in Latin America, has been battered by the global fall in prices. Crude is the country's largest export and source of foreign exchange. Co …

Reuters UKSaudis to set strategy for era of cheap oil as red ink flowsReuters UKMarkets in the world's top oil exporter are jittery because low crude prices have pushed state finances deep into deficit and so far, the government has not revealed a deta …

ReutersSaudis to set strategy for era of cheap oil as red ink flowsReutersMarkets in the world's top oil exporter are jittery because low crude prices have pushed state finances deep into deficit and so far, the government has not revealed a detailed, …

BBC NewsNorth Sea oil summit to hear pleas for actionBBC NewsIndustry body Oil and Gas UK is to call for "meaningful action" from government in order to tackle major challenges facing North Sea operators. Chief executive Malcolm Webb will tell an …

New York TimesAs oil prices fall, Goodrich Petroleum cuts drilling in Louisiana, MississippiNOLA.comLow oil prices mean the most bullish driller in the oil region straddling the Louisiana-Mississippi line is cutting back. Houston-based Goodrich Petroleum C …

New York TimesLouisiana Squeezed as Oil Prices DropNew York Timesexplained Jimmy Lafont, whose towboat operation is one of the countless oil-field service companies spread across south Louisiana. “Cajuns normally have a habit of cutting the price quick lik …