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Barclays cuts oil-price forecasts on world supply surplus

Barclays Plc cut its oil-price forecasts for the second time this month, citing expectations that OPEC won’t cut supplies sufficiently to remove a global surplus.  More »

U.S. gasoline falls to lowest since 2010, Lundberg says

Oil has fallen by 24 percent from this year’s peak in June.  More »

Keystone foes energized as price pinches oil sands allure

TransCanada Corp. proposed the pipeline in September 2008 when oil was more than $100 a barrel.  More »

Oil speculators bet wrong as rebound proves fleeting

After rising as analysts speculated prices had reached a floor, WTI sank again after stockpiles climbed nationally.  More »

Citgo not for sale, Venezuela says

Venezuela has ruled out selling its U.S.-based refining subsidiary Citgo Petroleum Corp, Finance minister Rodolfo Marco Torres told Caracas-based El Universal newspaper in an interview published Sunday.  More »

Energy traders’ obsession with winter begin

In a week, another season will start, one that will move markets and dent wallets: the U.S. heating season.  More »

Berkshire Hathaway railroad adds surcharge on older oil tank cars

The railroad operator the first major U.S. operator using fees to encourage shippers to scrap the puncture-prone older cars.  More »

Don’t assume Saudi crude drop was move to bolster prices

Brent crude jumped yesterday after a person familiar with the country’s oil policies said the amount it supplied to markets fell in September by 328,000 barrels a day.  More »

Hunt’s death revives memory of fortune lost on silver bet

To Nelson Bunker Hunt, the world was full of enemies.  More »

Profits from Occidental spinoff fall in third quarter

Occidental Petroleum Corp. said profit from the California oil producer it’s spinning off to shareholders next month fell in the third quarter as crude prices slid and production costs increased.  More »

Libya says OPEC must cut daily output

OPEC needs to reduce crude output by at least 500,000 barrels a day, Libya’s governor to the group said.  More »

Wilbur Ross sees profits for Texas shale as Venezuela struggles

Wilbur Ross, the investor who’s made billions betting on on-out-favor industries, is bullish on Texas oil after its recent tumble.  More »
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