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Oil rebounds from five-year low as Saudi comments add volatility

West Texas Intermediate, the U.S. grade, climbed as much as 2.6 percent in New York and Brent 2.2 percent in London.  More »

Putin says Russian economy must brace for $40-a-barrel oil

The Russian central bank published a worst-case economic scenario Dec. 15 that envisioned oil prices averaging $60 a barrel until the end of 2017.  More »

Exxon Mobil shows why U.S. oil output rises as prices plunge

Oil companies, while trimming 2015 budgets to cope with the lowest crude prices in five years, are also shifting their focus to their most-prolific, lowest-cost fields.  More »

Oil drops to 5-year low on concern supply glut to worsen

Saudi Arabia, the largest producer in OPEC, will stick to its policy to maintain output, Oil Minister Ali Al-Naimi said.  More »

Saudi Arabia says OPEC won’t give up oil-market share

Global oil markets are experiencing “temporary” instability caused mainly by a slowdown in the world economy, Oil Minister Ali Al-Naimi said.  More »

Enbridge shuts oil pipeline to U.S. after spill in Canada

The 796,000 barrel-a-day pipe carries heavy, medium and light sour crude from Edmonton, Alberta, to Superior, Wisconsin.  More »

Cheap oil jamming rails means higher U.S. power bills

While the U.S. has the world’s biggest coal reserves, utilities are forecast by the government to end the year with the lowest stockpiles since 2005.  More »

Crude resumes slide on concern supply outpacing demand

Trading volatility for both Brent and West Texas Intermediate increased to a four-year high.  More »

Crude oil futures rebound with stocks as selloff pauses

Brent, the benchmark for half the world’s oil, advanced from a five-year low. West Texas Intermediate shrugged off an increase in supplies at Cushing, the delivery point for Nymex futures.  More »

U.S. talking oil exports just when world needs it least

As members of Congress promise more hearings on repealing the restrictions on oil exports, the world is awash in the stuff.  More »

Oil climbs from 5-year low; oil drop seen as excessive

Brent, the benchmark for half the world’s oil, gained as much as 1.2 percent after closing at the lowest level since May 2009 yesterday.  More »

Militant fighting, price plunge threaten Iraq’s oil production goal

Iraq is supposed to add more new oil production by the end of this decade than any other OPEC member.  More »

Oil trades near 5-year low as Russia echoes OPEC output policy

Oil has slumped about 45 percent this year as a surge in shale drilling lifted U.S. output to the fastest pace in three decades amid slower growth in world demand.  More »

Global crude plunges through $60 as producers fail to curb glut

Brent futures slumped as much 3.3 percent to its lowest since May 2009 in London.  More »

Citgo says Conoco probe may ‘freak out’ potential buyers

ConocoPhillips claims Venezuela’s state-owned oil company is trying to avoid paying compensation for assets that former President Hugo Chavez nationalized in 2007.  More »
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