Financial TimesOil bulls' misplaced optimismFinancial TimesIf BP boss Bob Dudley is right the oil market could start to rebalance in the next six months as demand “converges” with supply, paving the way for a recovery in prices to $50 to $60 a barrel b …

Shell Profit Battered by Weak Oil PricesWall Street JournalLONDON—Royal Dutch Shell PLC on Thursday announced a near 60% slump in fourth-quarter profit, as plunging oil prices buffeted the company's earnings. The Anglo-Dutch oil company's fourth-qu …

France's Vallourec Axes Jobs, Seeks Capital Amid Oil SlumpWall Street JournalPARIS—France's Vallourec SA, a maker of high-strength steel for the oil sector, is to raise €1 billion ($1.08 billion), suspend its dividend, and ax more than 2,500 jobs, …

BloombergLook for oil prices to spike if hostility between Iran and Saudi Arabia gets worseQuartzIf friction between Saudi Arabia and Iran persists, in addition to attacks on targets such as embassies, look for oil's first move of the new year to be a …

ReutersBig oil to cut investment again in 2016ReutersLONDON With crude prices at 11-year lows, the world's biggest oil and gas producers are facing their longest period of investment cuts in decades, but are expected to borrow more to preserve the divi …

Wall Street JournalGiant Oil Field Spells Promise for StatoilWall Street JournalOSLO—One of Norway's biggest-ever oil projects edged closer to production Friday, a field of rare size and potential that officials said could be profitable even if crude p …