Rig counts are starting to drop, but due to the long lead time for most oil projects, it could be a while before production begins to decline in a significant way.Americas,Canada,conventional oil,Martin Craighead,oil and gas,Saudi Arabia,shale gas,Wall Street Journal,Guest Contributor

Nigeria’s President Goodluck Jonathan wants the governor of the central bank of Nigeria out while he tries to extend his stay as long as possible.

Panama Canal

An initial, temporary agreement may be close, but analysts say that the consequences will be long-lasting.

A general view shows the Zawiya oil installation on August 22, 2013 in Zawiya, Libya.

Government forced to draw on reserves as oil exports fall to just 110,000 barrels a day.