Chron.com (blog)Marathon Oil plans 29% spending cut, posts lossChron.com (blog)The move would keep Marathon's 2016 production levels even with the rate it pumps oil and gas at the end of this year. “We're maximizing capital allocation to the highes …

Salt Lake TribuneMarket Retreats as Oil Prices and Media Shares FallNew York TimesOne of the biggest victims of Ms. Yellen's comments, inadvertently, was oil and gas stocks. Her remarks caused the U.S. dollar to strengthen and oil prices to decline sha …

Yahoo! Maktoob NewsOil falls below $50 on US stocks buildYahoo! Maktoob NewsLONDON/NEW YORK (Reuters) - Oil prices fell back below $50 a barrel on Wednesday after a U.S. government report showed a higher than expected build in oil stocks as well as on OPEC …

Wall Street JournalEnbridge to Invest $5 Billion in Gulf Coast Oil TerminalsWall Street Journal“Our robust Enbridge system would be enhanced by creating terminals in the Gulf of Mexico,” Mike Moeller, general manager of midcontinent assets for Enbridge Ene …

Crude-Oil Exports to Canada Kept US Gulf Coast Storage Hubs Below CapacityWall Street JournalThough federal law prohibits exports of most U.S. crude oil, there is an exception for shipments to Canada. As production in the U.S. and in Canada has increased i …

Exploit Oil's Current LowMoney MorningBack then, oil tanker ships stored millions of barrels of crude oil off the coasts of major producing or strategic areas like the Gulf of Mexico, England, and Singapore. Spreads between near-month prices and those …

Wall Street JournalOil Companies in the Cross Hairs of Libyan ViolenceWall Street JournalThe violence roiling Libya has increasingly targeted oil companies and their assets, upending long-term investments by Western companies and driving down production in …

The AgeGuard of Libyan Oil Ports Calls In Strikes on Islamist MilitiasBloombergLibya's government struck from the air at Islamist militias it said shelled the country's largest oil port today, according to the military unit in charge of protecting …