Oil Is Facing The Perfect StormOilPrice.comSince at least the end of 2014 there has been increasing uncertainty over oil prices, from whether so-called “Peak Oil” has already happened, to matters of EROI (or EROEI) values for current energy sources and for …

The VergeBP estimates it will pay an additional $2.5 billion for the Deepwater Horizon debacleThe VergeBP Global plans to announce in its upcoming second quarter earnings report that it will pay an additional $2.5 billion in fines for the Deepwater Horizon …

CNNMoney100000 oil jobs could be coming backCNNMoneyGood news laid-off oil workers: U.S. energy companies could soon face a serious worker shortage. Goldman Sachs believes the American oil industry is about to stage a big comeback from the painful downturn …

Los Angeles TimesFeeling duped, Ventura blasts company for restarting pipeline after oil spillLos Angeles TimesIn a scathing letter, the city of Ventura has asked the company responsible for a nearly 30,000-gallon oil spill last month to shut down the pipe …

ReutersUS trade deficit widens in May on higher oil pricesReutersWASHINGTON The U.S. trade deficit widened more than expected in May as rising oil prices helped to push up the import bill while exports were constrained by the lingering effects of a strong …

CBS NewsUS has more untapped oil than Saudia Arabia, RussiaCBS NewsThe United States currently holds more recoverable oil reserves than Saudi Arabia or Russia, with unconventional shale oil accounting for 50 percent of that U.S. estimate. That's accord …

teleSUR EnglishPalm Oil Firms Ditch 'No Deforestation' Pact in IndonesiateleSUR EnglishMeanwhile, the Indonesian government's anti-monopoly agency said in April it would investigate suspected cartel practices among the signatories to the Indone …

CNNMoneyOPEC oil revenues slump to 10-year lowCNNMoneyCollapsing world oil prices also meant that OPEC countries spent more importing goods than they raised from exports for the first time in 17 years. The cartel posted a combined current account deficit o …

CNNMoneyMore oil trains arriving at Port of TacomaWashington TimesTACOMA, Wash. (AP) - The uptick in oil trains traveling on the Tacoma Rail includes the recent arrival of a Union Pacific oil train that was missing six cars due to a derailment in Mosier, O …

Montreal GazetteAs Canada oil fires fade, the industry's real problem re-emergesMontreal GazetteHarbir Chhina helped develop the game-changing steam technology that allowed companies to tap the world's third-largest reserves in Canada's oil san …