Oil tops $48 as sources say API data show big drop in US crude supplyMarketWatchOil prices topped $48 a barrel late Tuesday after the American Petroleum Institute reported that U.S. crude supplies dropped 10.2 million barrels for the week ended July 21, ac …

The Coming Squeeze for Shale Oil DrillersWall Street Journal (subscription)Rising profits for oil-service companies usually means oil producers are making money, too. But when the producers are drilling high-cost oil from shale, rising expenses could squee …

ReutersUS drillers add oil rigs for 18th week in a row: Baker HughesReutersU.S. energy companies added oil rigs for an 18th week in a row, the second-longest such streak on record, as expectations of higher crude prices have motivated drillers to boost mon …

OPB NewsVancouver Approves Ethanol Terminal Without Crude OilOPB NewsAn oil-by-rail terminal in Vancouver is off the table. The city approved a plan by the company NuStar that would allow it to ship and store ethanol, under the condition that it drop its p …

BloombergWill Iran Cut Production If OPEC's Deal Is Extended?OilPrice.comThe downgrade comes as Saudi Arabia and other major oil producers struggle with the dilemma of allowing oil prices to sink lower or make painful production cuts in order to keep p …

MarketWatchOil prices ready for 3rd weekly loss in a monthMarketWatchOil prices edged slightly higher Friday, but were set to log their third weekly loss in a month, as traders continued to weigh signs of OPEC-led cutbacks in global crude production agains …

Upstream OnlineUS Oil-Rig Count Climbs by 21Wall Street Journal (subscription)The number of rigs drilling for oil in the U.S. rose by 21 in the past week to 652, according to oil-field services company Baker Hughes Inc. The U.S. oil-rig count is typically …

Financial TimesTrump approves Keystone XL oil pipelineFinancial TimesThe $8bn Keystone XL pipeline is designed to carry heavy crude about 1,200 miles from the oil sands of Alberta, Canada, towards refineries in the US. It was blocked by Mr Obama in 2015, a …

FortuneAll Drill, No Pump: Oil Producers Are Leaving Thousands of US Wells UnfinishedFortuneRising U.S. shale output has rattled OPEC's most influential exporter Saudi Arabia and pushed oil prices to a near four-month low on Wednesday. U.S. production …

Venezuela Alleges Fraud in $1.3 Billion Oil-Rig LeaseWall Street Journal (subscription)CARACAS, Venezuela—The Venezuelan government is investigating alleged corruption in a $1.3 billion contract between the state oil company and a private contractor co-fou …