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NuStar reports $11 million loss

Hedging losses and canceled capital projects led to a fourth-quarter loss for San Antonio-based pipeline company NuStar Energy LP.

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North American oil spending to plunge $58 billion, Barclays says

North American oil producers and oil field service firms are expected to cut deep into the U.S. shale boom.

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U.S. drillers lock in higher oil prices in surge of hedging

Oil prices have recently edged below $50 a barrel, but several U.S. drillers have already locked in higher prices for the barrels they sell this year, a new report says. After OPEC announced it would...

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