Why We Need $120 OilOilPrice.comIf the price of oil drops from $100 per barrel to $50 per barrel, this change adversely affects the income of a large share of people who formerly benefited from the high price. Thus, the drop in oil prices affects the incom …

Wall Street JournalOil Change: Affluent Saudi Arabia Goes to WorkWall Street JournalRIYADH—Saudi Arabia's leadership has taken up the challenge of weaning the kingdom from its dependence on oil. Ahmed Ameen is just trying to keep his mobile-phone store …

ThinkProgressOil Company Gets The Go-Ahead To Explore For Oil In Wildlife-Rich PreserveThinkProgressBut that rich biodiversity is one of the key reasons environmentalists were outraged last week when the National Park Service approved Burnett Oil Company&# …

DailyFXCrude Oil May Extend Gains as Gold Falls on BOE Inflation ReportDailyFXCrude oil prices jumped after EIA data showed an unexpected drawdown of 3.41 million barrels in the first week of May. The WTI contract managed a bit of follow-through in Asian h …

ABC OnlineSaudi Arabia's new visionary prince driving his country beyond oil towards austerity, social reformABC OnlineIt may be the largest crude oil producer in the world, but Saudi Arabia is looking well beyond oil. With the continuing slump in crud …

New York TimesCanada Fire Deals Staggering Blow to Oil Sands Industry and EconomyNew York TimesOil companies could take weeks or months to get fully up and running, depriving the province of Alberta of royalty payments. And rebuilding costs will add to the …

Fox BusinessOil Prices Edge Up, Hold Near Three-Month LowsFox Business"U.S. crude oil stocks are still at a high level and at risk of seeing increasing builds once refineries go into maintenance in the fall," Jakob said. (Additional reporting by …