CNBCPisani: Oil may be moving in the right directionCNBCMany have claimed that any rise in oil will immediately be met with a ramp-up in shale production, but it's not clear how rapidly that would occur. Hess' CEO, John Hess, recently noted that th …

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 …

Inquirer.netOil slips after weak Chinese trade dataBDliveSINGAPORE — Oil prices fell on Tuesday on weak Chinese trading data, but Brent remained at more than $40 a barrel after jumping to 2016 highs the previous day as producers announced talks to support …

QuartzWhy Nigeria is breaking up its beleagured national oil companyQuartzNigeria's national oil company, the Nigerian National Petroleum Corporation (NNPC), is about to go through a major shake-up. Ibe Kachikwu, NNPC's reformist boss, says it will …

BBC NewsAsian markets sag despite oil rallyBBC NewsSeveral markets across Asia were down in early trade on Tuesday, despite an oil price rise overnight and a positive lead from Wall Street. Brent crude rose above $40 a barrel for the first time this year. …

CNBCPisani: Are the iron ore and oil rallies for real?CNBCThe rise in two key commodities — oil and iron ore — has profound implications for the stocks of the companies in those universes. This has obvious implications for earnings, particularly for energy …

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 …

CNBCUS Treasurys rise; 10-year yield below 1.65%CNBCHopes of an oil production cut were dashed on Tuesday after Saudi Arabia's oil minister Ali bin Ibrahim Al-Naimi signaled no cuts would happen to tackle the global supply glut. These concerns led to o …