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Former Russian finance minister tells Rosneft to keep hands off $44B from rainy day fund

For Rosneft, the timing of the economic sanctions against Russia couldn’t have been worse: the company has to repay almost $30 billion in loans by the end of the next year, debt racked up in the 2013 purchase of competitor TNK-BP.  More »

Canadian heavy oil boosted as Imperial shuts Kearl operation

Operations were suspended after vibrations were detected in an ore crusher unit at the site, the company said in an e-mailed statement.  More »

U.A.E. concerned that oil glut may curb exploration, production

“What worries us is that some investors will not continue to invest,” United Arab Emirates’ Energy Minister Suhail Al Mazrouei said.  More »

OPEC’s choice in Vienna meeting will determine role in new oil order

The Organization of Petroleum Exporting Countries could reassert control by cutting output, ceding more market share to U.S. shale oil producers.  More »

No OPEC output cut this month, Kuwait oil minister says

OPEC members Saudi Arabia and Kuwait have resisted calls to cut output while Libya, Venezuela and Ecuador have asked for action to prevent even lower prices.  More »

Russia, China add to $400 billion gas deal with accord

Russian oil firm OAO Gazprom is negotiating the supply of as much as 30 billion cubic meters of gas annually from developments in West Siberia to China over 30 years.  More »

U.S. jobs report helps send oil prices higher

Oil for December delivery rose 74 cents to settle at $78.65 a barrel on the New York Mercantile Exchange.  More »

Output cut talk builds ahead of OPEC Vienna meeting

Here’s how four analysts across Europe and the U.S. see the Nov. 27 meeting playing out.  More »

Former Petrohawk president takes shale expertise to Australia

Australia has the world’s seventh-largest shale gas resources.  More »

Statoil suspends two North Sea oil rigs

Statoil won’t use the Transocean Spitsbergen and Songa Trym rigs from mid-November through at least the year-end because of overcapacity.  More »

OPEC’s weak links feeling pain

While the Saudi Arabia is as flush with cash as ever, the finances of some fellow OPEC members are deteriorating quickly.  More »

Libya’s biggest oilfield to resume output soon, official says

Sharara was shut as a precaution after gunmen stormed the on-site production compound.  More »

Enron castaway shrugs off low price to become ‘Apple of Oil’

Investors spooked by the heavy debt carried by most U.S. producers are flocking to companies that generate so-called free cash flow.  More »

Oil rises after inventory report

Oil for December delivery rose $1.49 to settle at $78.68 a barrel on the New York Mercantile Exchange.  More »

Swiss prosecutors contact oil traders in Nigeria fuel scam probe

Fraudulent payments related to subsidized fuel imports are estimated to cost the continent’s biggest economy as much as $7 billion a year.  More »
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