New York PostDe Blasio's failed attack on Big Oil makes him look ridiculousNew York PostJust as we predicted, Mayor de Blasio's lawsuit against Big Oil was laughed out of federal court Thursday. Echoing a West Coast jurist, who tossed a similar sui …

Wall Street JournalGlobal Oil Industry Prepares for a RevivalWall Street JournalOver the past year, global oil activity has divided into two distinct stories. The U.S. has remained a bright spot for the oil industry, as frackers have withstood sustained lo …

Wall Street JournalGlobal Oil Industry Prepares for a Revival - WSJWall Street JournalOil producers are ordering more equipment and lining up drilling rigs for later this year, according to top industry executives, indications that international activity&n …

BloombergShell in Talks to Sell $2 Billion Nigeria Oil Assets - BloombergBloombergRoyal Dutch Shell Plc is in talks to sell two Nigerian oil licenses in an area that's at the heart of environmental and human rights controversies for $2 billion, .. …

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 …

Financial PostEncana and Husky post diverging results amid oil price slumpFinancial PostThe company's margins improved 25 per cent in the quarter despite the drop in oil prices, Encana president and CEO Doug Suttles said during an earnings call. “We do …

Barron'sOil Prices Slip On Falling OPEC ComplianceOilPrice.comOil prices posted more gains this week, as the EIA reported deeper inventory reductions with Brent briefly traded above $50 per barrel for the first time in nearly two months on Thursday. There …

Chron.comUS oil producers idle two rigsChron.comDrillers pulled two rigs out of the U.S. oil patch this week in a delayed reaction to lower oil prices, Baker Hughes said Friday. Oil companies idled one oil rig and one gas rig, bringing the total U.S. rig c …

Wall Street Journal (subscription)Schlumberger CEO Blames US Investors for Stagnant Oil PricesWall Street Journal (subscription)U.S. investors are driving down the price of oil by shoveling too much money into American shale companies, the chief executive …