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Cheniere gets FERC approval for Corpus Christi project

The Federal Energy Regulatory Commission said it will allow Cheniere to build an LNG plant and pipeline in Corpus Christi, according to a filing Tuesday.  More »

Oil gains on speculation Libya disruption may ease glut

Oil has slumped 45 percent this year, set for the biggest annual decline since 2008, as the highest U.S. production in more than three decades contributed to a global surplus estimated by Qatar at 2 million barrels a day.  More »

Brazil, Roiled by Petrobras Probe, Makes for World’s Most Volatile Equities

The rallies and routs in Sao Paulo, including two bear markets and a 38 percent surge in between, were more extreme than in nations including Nigeria and Israel.  More »

Oil trades near lowest since ’09 with supply at year-end record

Oil has slumped 46 percent this year, set for the biggest annual decline since 2008, as the highest U.S. production in more than three decades contributed to a global surplus estimated by Qatar at 2 million barrels a day.  More »

Bakken Club gets evicted as oil plunge tests shale boom

The club owed $21,598 for rent plus $1,329.90 in late fees, the landlord, On The Spot Development LLC, said in a Nov. 25 complaint.  More »

Guard of Libyan oil ports calls in strikes on Islamist militias

The fighting last week marked a turning point in the unrest that followed Muammar Qaddafi’s 42-year rule.  More »

Oil falls to 5-year low as supply glut seen lingering

Futures plunged 46 percent this year, set for the biggest annual drop since 2008, as the Organization of Petroleum Exporting Countries resisted supply cuts to defend market share in response to the highest U.S. output in three decades.  More »

Oil strengthens as Libya conflict offers relief from glut

Fires have been extinguished at three of six tanks at Es Sider, Libya’s largest oil port, which were set ablaze after an attack by militants.  More »

Entergy: Louisiana needs more electricity for industry

That likely means building power plants for about $1 billion a piece, which the 1 million customers of Entergy Corp.’s Louisiana companies will be expected to pay.  More »

Canadian oil surge to U.S. Gulf puts Mexico on defensive

The Canadian supply will square off against crudes from Mexico and Venezuela that have traditionally fed refineries along the Texas and Louisiana coasts.  More »

What’s next for world oil as lower prices extend into 2015

Those looking for a quick rebound may be disappointed, as world consumption growth slowed to the least since 2009, U.S. companies pumped more than they have since the 1980s and a price war broke out among members of the Organization of Petroleum Exporting Countries.  More »

Brent trades near $60 amid fighting around Libyan port

Brent oil traded near $60 on concern that OPEC’s refusal to cut production will worsen a global glut and as Libyan fighting intensified.  More »

Saudi Arabia seen by former adviser assuming $80 oil

The assumption is down from $103 a barrel for this year, John Sfakianakis, who used to be chief economic adviser to Saudi Arabia’s Ministry of Finance.  More »

Oil rises as fighting intensifies around Libya’s biggest port

Libya’s government said its action was prompted by a militia attack on Es Sider where loadings were halted earlier this month.  More »

Oil slides as U.S. supplies jump most in two months

West Texas Intermediate fell 2.2 percent in New York while Brent slipped 2.4 percent in London.  More »