BloombergOil at $30 No Problem for Some Cost-Cutting Bakken DrillersBloombergWest Texas Intermediate crude futures fell $1.88 a barrel to settle at $43.08 yesterday. In North Dakota, where producers have to offer discounts to account for extra transportati …

Wall Street JournalOil Majors' Downstream Outlook Lacks RefinementWall Street JournalBrent crude is hovering around $50 a barrel. But in other ways for Europe's oil and gas majors, this is probably as good as it gets. Refining margins have soared i …

Financial TimesCanadian oil sands crude halves in priceFinancial TimesA combination of steadily rising production, pipeline constraints and a surprise outage at a US refinery explain the 50 per cent fall in Canadian oil since July 1. The results have spill …

Wall Street JournalOil Demand Growing at Fastest Pace in Five Years, Says IEAWall Street JournalIn its closely watched monthly report, the IEA said global oil demand would grow by 1.6 million barrels a day this year, an upward revision of 200,000 barrels a …

The GuardianShell ready to begin drilling for oil in the ArcticThe GuardianThe Fennica carries a capping stack, a device that can be lowered on to a leaking oil well to control a blowout. Arctic operating standards, formed in the wake of the Deepwater Hori …

Wall Street JournalChevron Takes Harder Punch From Low OilWall Street JournalThe company's stock price has underperformed Exxon and Shell over the past year—during which oil prices fell sharply—after besting its two bigger competitors during the previo …

CNNMoneySome U.S. oil companies need to dieCNNMoneyThe big problem facing the oil industry is that the prices are extremely low because the world has too much oil. Even though oil is sitting below $50 a barrel, American shale oil producers continue to pump …

The Globe and MailOil patch crisis management welcomed by investorsThe Globe and MailCalgary-based oil producers are tightening their belts a few more notches to confront a punishing downturn that could last several more years, while insisting that they re …

Los Angeles TimesSource of 3-mile-wide oil sheen off Santa Barbara County coast still a mysteryLos Angeles TimesA day after a three-mile-wide oil sheen was spotted off the Santa Barbara Coast, authorities were trying to determine its source. The slick was …

The Globe and MailCenovus and Shell slash jobs and spending, Suncor profit surprisesFinancial PostCenovus Energy Inc., which cut 800 jobs earlier this year, announced that it had identified as many as 400 more positions that are “no longer required because …