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A OPEC logo sits on a sign outside the 167th Organization of Petroleum Exporting Countries (OPEC) conference in Vienna, Austria, on Friday, June 5, 2015. The Organization of Petroleum Exporting Countries has exceeded its own target of 30 million barrels a day for 12 straight months. Photographer: Lisi Niesner/Bloomberg

Biggest oil buyers likely to be winners from OPEC meeting

Members of the Organization of Petroleum Exporting Countries will gather Dec. 4 in Vienna, where Iran has said it will announce plans to boost production by 500,000 barrels a day.
(Brent Lewin/Bloomberg)

Canadian oil sands meets possible suitors to counter Suncor bid

Canadian Oil Sands Ltd. management has met with one other potential bidder for the company and plans to meet with three others in the next two weeks as it seeks alternatives to a $4.5 billion hostile takeover offer from Suncor Energy Inc.
Workers prepare drilling pipe on the Petroleos Mexicanos (Pemex) La Muralla IV deep sea crude oil platform in the waters off Veracruz, Mexico, on Friday, Aug. 30, 2013. (Susana Gonzalez/Bloomberg)

Pemex credit cut hasn’t shaken investor faith in government backing

Petroleos Mexicanos had its credit rating cut following the worst quarterly loss in the company’s history and bondholders shrugged.
An Iranian man walks past a mural displaying the Iranian map adorned in the colours of the country's national flag, on June 29, 2015 in Tehran. Despite agreeing the outlines of a nuclear agreement on April 2, the final talks between Iran and six powers led by the United States on turning it into a binding accord have hit difficulties on reaching a deal which would lift sanctions, paving the way for foreign investment to flow back, in exchange for curbs on Iran's nuclear activities. AFP PHOTO/BEHROUZ MEHRIBEHROUZ MEHRI/AFP/Getty Images

Iran sweetens terms for oil investors as end of sanctions looms

The Iranian government hopes international companies will commit at least $100 billion that Iran says it needs to boost oil-production capacity by more than 1 million barrels a day.
A driver refuels her car at a gas station of PetroChina, a subsidiary of CNPC (China National Petroleum Corporation), in Luoyang city, central China's Henan province, 19 August 2014. (File, Bloomberg)

HSBC analyst: China holds the key to an oil rebound

Cutting production is unlikely to trigger a sustainable recovery because China’s economic growth is slowing.
Categories: Crude oil
The Petrochina Co. logo is displayed at one of the company's gas stations in Hong Kong, China, on Thursday, March 19, 2015. Petrochina, the listed arm of China's biggest oil and gas producer China National Petroleum Corp. (CNPC), is scheduled to report full-year earnings on March 25. Photographer: Billy H.C. Kwok/Bloomberg

PetroChina in $2.4 billion asset sale as parent target nears

Beijing-based PetroChina’s board approved a plan to sell a 50 percent stake in Trans-Asia Gas Pipeline Co. to a unit of state-owned China Reform Holdings Corp.
(Kristian Helgesen/Bloomberg)

Norway faces 20 percent drop in oil investment after prices slump

Norway’s oil companies reduced their exploration-spending forecast for next year by 35 percent from the previous quarter’s estimate, and foresee a “sharp decline” in the number of offshore wells, Statistics Norway said.
(AP Photo/Diamond Offshore)

Rockhopper agrees to buy Falkland Oil in $87 million deal

The deal requires the approval of Falkland shareholders. Both Chief Executive Officer Tim Bushell and Chairman John Martin will join the board of the combined company as non-executive directors.
(James Nielsen/Houston Chronicle)

Halliburton will do whatever’s needed for Baker, ValueAct says

The activist fund said in a letter to its investors that after discussions with the two oil field services companies, it’s confident the deal is on track and will close.
Categories: Oil field services
McDermott International has a $1.5 billion-plus contract with Saudia Arabia's national oil company. (AP file photo/John Moore)

Saudi Arabia edges out Russia in China oil sales as OPEC digs in

The world’s biggest oil exporter sold 3.99 million metric tons to China in October, 0.8 percent more than in September,