In political storm, Venezuela state-run oil company PDVSA drifts furtherReutersCARACAS/HOUSTON (Reuters) - To survive months of street protests and an economy in tailspin, Venezuelan President Nicolas Maduro is trying to turn state oil company PDVSA into a …

Oil Prices Fall As OPEC Output Hits ''Year-To-Date High''OilPrice.comLibya and Nigeria pushed OPEC's crude oil output in July to the highest this year, at 32.82 million barrels daily, a survey by S&P Platts has revealed. The cartel …

ReutersCarlyle battles insurers in New York over Moroccan oil lossesReutersLONDON U.S. private equity firm Carlyle Group is suing a group of its insurers over $400 million worth of oil it claims it lost when Morocco's sole refinery went bankrupt two ye …

Belfast TelegraphShell concealing health hazards from Nigerian oil spills, claims geologistBelfast TelegraphThe clean-up halted 17 months ago was part of a British out-of-court settlement in which Shell paid 83.5 million dollars to 15,600 fishermen and far …

ReutersVenezuela names economy czar, oil minister in cabinet shuffleReutersCARACAS Venezuelan President Nicolas Maduro on Wednesday shuffled his cabinet by naming a new economy czar to oversee the OPEC country's decaying socialist system and a new oil …

Belleville News-DemocratOlive Oil Marketplace comes to BellevilleBelleville News-DemocratOlive Oil Marketplace, at 18 E. Main St., opened Friday. But owners Tim and Julie Meeks of Godfrey are no strangers to downtown shoppers, and downtown shoppers are no …

Washington TimesEDITORIAL: American oil for a reliable allyWashington TimesThe arrival in Israel of a cargo of sweet crude oil from the United States, dispatched from a joint Dutch-Swiss trading company, is the first American overseas shipment since the Un …

Beaumont EnterpriseOil Giant Cuts Budget By 80 Percent And Suspends FrackingOilPrice.comWhiting Petroleum Corp. (NYSE:WLL), the largest oil producer in North Dakota, has announced that it will suspend all fracking in the state and cut its budget for this y …

Financial TimesSaudi Arabia seeks US investment to plug gap in oil revenuesFinancial TimesSaudi Arabia has drawn up a new strategy to convince US companies to invest in the kingdom, as it struggles to deal with the impact of sharply lower oil prices. Offic …

Can US halt ISIS march toward Libya oil?USA TODAYThe Islamic State (ISIS, or ISIL) is taking on recruits faster than anyone can keep up with, and it's heading towards Libya's oil crescent, eyeing billions of barrels that a country at war with itsel …