"Oil Declines as U.S. Crude, Fuel Inventories Increase More Than Expected"
Crude oil futures plunged after a U.S. government report showed a bigger than forecast increase in crude and fuel inventories as the recession curbed demand....Complete Story
"Saudi Arabia Will Cut Production 300,000 Barrels Below Quota, Khelil Says"
Saudi Arabia, the world’s top oil exporter, will cut production by 300,000 barrels a day below the quota agreed on with OPEC to prop up prices, Algerian Oil Minister Chakib Khelil said....Complete Story
"US Interior Department to Go Ahead with Offshore Drilling Plan"
A proposal issued in the final days of the Bush administration to expand offshore drilling in previously banned areas will move forward under the administration of U.S. President Barack Obama, Reuters reported Wednesday....Complete Story
"Iceland Opens First-Ever Offshore Licensing Round"
Applications are now being accepted in the First Oil and Gas Licensing Round in Icelandic Waters....Complete Story
"Energy Companies Find Money Pipeline Is Open Again"
Credit markets are showing some signs of life after months of inactivity, with energy companies helping to lead a surge in new debt and equity deals in recent weeks....Complete Story
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