Financial TimesHigher ExxonMobil and Chevron profits signal big oil recoveryFinancial TimesOil companies have been battling to reduce costs and increase efficiency since prices crashed from above $100 per barrel three years ago. Capital expenditure by both …

Wall Street Journal (subscription)Oil Gains on OPEC Cuts, Rising DemandWall Street Journal (subscription)Oil prices are poised to finish higher every day this week and have their best week since December as renewed optimism about falling supply and rising …

LivemintOil rises on Qatar rift with Arab countriesLivemintLondon: Oil rose 1% before paring gains on Monday after a diplomatic rift involving some of the Arab world's major energy producers, while sterling weakened only marginally following a deadly a …

USA TODAYOil reserve protects AmericansUSA TODAYBack in the 1970s, after Middle East oil embargoes triggered gasoline rationing and long lines at U.S. service stations, the Strategic Petroleum Reserve was created to cushion against energy shocks. Hundreds …

Wall Street Journal (subscription)OPEC Oil Deal Sinks Tanker IndustryWall Street Journal (subscription)Last week's agreement by major oil exporters might or might not hit its target, but it will almost certainly cause collateral damage to an already-re …

BloombergOPEC Accepts Indonesia's Return to Oil GroupWall Street JournalOPEC has notified Indonesia that the country can rejoin the oil-producing group when it next meets in December, officials on both sides said Tuesday. Indonesia had been a member of …

In blow to Big Oil, EPA says oil refiners recover RINs costsBusiness InsiderNEW YORK (Reuters) - Oil companies ultimately recover their costs of complying with the U.S. biofuels program, according to an Environmental Protection Agency (EPA) analysis that m …

CBC.caWorld oil demand is up, but the glut remains, IEA saysCBC.caBut the recovery in demand has helped put a floor on the price, with West Texas Intermediate oil trading at $60.36 US a barrel today. The IEA says imbalances in refining capacity — mainly a …

CNNMoneyOPEC won't flinch from oil market fightCNNMoneySaudi Arabia's veteran oil minister Ali al-Naimi led the charge at the OPEC meeting back in November to keep pumping in the face of falling prices. That decision accelerated the price collapse, …

NDTVGulf Oil Exporters Should Cut Spending, Diversify: IMFNDTVDubai: Gulf oil exporters must reduce spending, including subsidies, and diversify their economies to cope with lower revenues caused by the sharp drop in crude prices, the International Monetar …