A riskier wager on energy: Oil field services (International Herald Tribune)

Shares of Exxon Mobil and Chevron have both risen more than 20 percent over the past 12 months, but many of the companies that sell equipment and services to the major oil producers have not fared as well.

Nigerian oil unions meeting with Obasanjo delayed (AFP via Yahoo! News)

A meeting between Nigeria`s main oil workers` unions and President Olusegun Obasanjo, scheduled for Monday and aimed at ending the unrest threatening oil companies in the Niger Delta, has been delayed by 24 hours, a senior union leader said.

Climate change could play havoc with oil prices (AFP via Yahoo! News)

Climate change, by disrupting current weather patterns, could play ever greater havoc with the zig zags in oil prices, such as the price plunge seen in early January, market analysts say.

Oil prices rise on cold weather (AP via Yahoo! News)

Natural gas and crude oil prices edged up Monday on expectations of colder weather in major U.S. markets.

Truck Mishap Results In Stockton Soybean Oil Mess (KCRA TheKCRAChannel.com via Yahoo! News)

A mishap involving a tanker truck resulted in a spill of soybean oil in Stockton Monday morning, officials said.

More charges against Russian oil tycoon (AP via Yahoo! News)

Prosecutors filed new charges Monday against former oil baron Mikhail Khodorkovsky, now serving the fourth year of an eight-year prison term in Siberia. The relentless pursuit of the tycoon has showcased President Vladimir Putin`s highly successful campaign to tame Russia`s oligarchs using its politically pliant justice system.

New Charges in Russia Against Oil Executives (New York Times)

Russian prosecutors brought new charges against Mikhail B. Khodorkovsky, the imprisoned founder of the Yukos oil company, and one of his business partners.

Oil prices finish below $59 a barrel (AP via Yahoo! News)

Oil prices slipped to finish below $59 a barrel on Monday as investors took profits in the afternoon when they suspected prices wouldn`t breach $60.

Saudi cuts Q4 oil supply to Asia, Iran exports more (Reuters via Yahoo! News)

Saudi Arabia cut oil exports to its three largest Asian customers by nearly 4 percent in the fourth quarter against the third, while Iranian shipments rose to near year-ago levels, calculations based on official data showed.