BloombergBahrain Says Giant Discovery Holds 80 Billion Barrels Of OilOilPrice.comBahrain announced on Wednesday the size of the oil reserves in the giant discovery that it had made, and figures dwarf the proved reserves that the island kingdom in the Persi …

ForbesWhy Are Oil Rigs Usually Located In The Ocean?ForbesSometimes, we find ancient shallow seas (or lakes) on dry land. Sometimes, we find them underneath modern seas. In that latter case, you get underwater oil and offshore oil rigs. In the “middle” of …

Chron.comOil ends slightly lower on trade fearsMarketWatchOil trimmed its decline after the Energy Information Administration said U.S. crude inventories fell by 4.6 million barrels last week. Analysts surveyed by The Wall Street Journal had expected a ris …

ReutersOil ends slightly lower on trade fears - MarketWatchMarketWatchOil futures end slightly lower after tumbling on fears surrounding a growing U.S.-China trade spat. Crude trims decline after an unexpected fall in crude inventories.Oil Prices Head High …

Tax revenue falls with oil pricesAmarillo.comAUSTIN — At a recent legislative hearing on plummeting oil prices, state Sen. Royce West had a humorous but telling exchange with Texas Comptroller Glenn Hegar, a former colleague. “Is the sky falling in Texas?” …

Wall Street JournalOil Prices Jump as Drilling DropsWall Street JournalU.S. oil prices rose for a third consecutive week as drilling continued to decline. The number of rigs drilling for crude in the U.S., which is viewed as a rough proxy for activity in t …

Wall Street JournalOil Prices Rise After US Jobs ReportWall Street JournalNEW YORK—Oil prices rose Friday on a weaker dollar and expectations of another large drop in U.S. drilling. Prices held their gains after U.S. data showed stronger-than-expected job …

CNBCUS Oil-Rig Count Falls to 628 in Latest Week; Gas Rigs RiseWall Street JournalU.S. commercial crude-oil supplies fell by 4.9 million barrels in the week ended June 19, according to the U.S. Energy Information Administration. That was the eighth straigh …

Oil Rises As Investors Await Rig CountWall Street JournalLONDON—Oil prices rose on Friday ahead of a closely watched report on U.S. drilling activity. Concerns about the continuing violence in Libya and its impact on the country's oil fields, 11 of whi …