Wall Street JournalKuwait Considers Privatizing Oil-Field ServicesWall Street JournalKuwait is considering privatizing its oil-field services sector, a senior finance ministry official said Tuesday, in a potentially controversial move in the petroleum-depe …

Wall Street JournalUK Offers Respite to Oil Producers by Scrapping Petroleum Revenue TaxWall Street JournalLONDON—The U.K. government has abolished the petroleum revenue tax, the levy charged on oil and gas profits, to kick-start the country's beleague …

Wall Street JournalU.K. Offers Respite to Oil Producers by Scrapping Petroleum ...Wall Street JournalThe U.K. government has abolished the petroleum revenue tax, the levy charged on oil and gas profits, to kick-start the country's beleaguered hydrocarb …

MarketWatchOil above $35 as US oil-rig count falls for 11th weekMarketWatchThe number of active rigs drilling for crude in the U.S., viewed as a rough proxy for activity in the oil industry, fell by 8 to 392 rigs as of Friday, according to data from Baker …

Wall Street JournalNorway Taps Oil Fund for First Time as Falling Oil Price Takes Its TollWall Street JournalOSLO—Norway's government in January tapped into its sovereign-wealth fund to cover its expenses, for the first time since the fund was establis …

Oil drop won't mean lower price at pump - AARadio New ZealandThe Automobile Association says the drop in global oil prices won't affect the price of petrol in this country. The price of Brent crude oil has fallen below $US39 a barrel, its lowest in …

CNBCBruised markets stress over Fed and oilCNBCFreefalling oil prices have created an environment of uncertainty across financial markets but turbulence should not impede the Fed from hiking interest rates Wednesday for the first time in nine years. The Fe …

Sydney Morning HeraldTraders hire tanks on tiny island to profit from global oil glutSydney Morning HeraldGlencore hired tanks at the island's only oil terminal to stow crude, joining Vitol Group, people familiar with the matter said last week. They&#3 …

Wall Street JournalStalled Oil Field Project Adds to Iraq's WoesWall Street JournalBAGHDAD—A stalled project aimed at sustaining Iraq's record oil production by injecting seawater into its southern oil fields has become a symbol of missed opportuni …