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Crude rebounds from five-year low

Crude is trading in a bear market as the highest U.S. production in three decades exacerbates a global glut.  More »

Oil plunges to 5-year low

Both Brent and WTI tumbled 18 percent in November as OPEC decided to maintain its 30 million-barrel-a-day output target.  More »

Oil slumps to five-year low as OPEC decision spurs forecast cuts

Oil is trading in a bear market amid signs that U.S. output is expanding even after the decision by OPEC, which is responsible for about 40 percent of global supplies.  More »

Hedge funds betting that OPEC-led oil rout is near end

Oil’s collapse accelerated after the 12-nation Organization of Petroleum Exporting Countries decided Nov. 27 to maintain output levels, underscoring the price war in crude.  More »

Ethanol joins U.S. fuels dominating global export market

Exports of the additive derived from corn rose 31 percent this year to the highest level since 2011, meeting demand from South Korea to Persian Gulf oil producers.  More »

C&J Energy postpones $650 million loan as oil plunges

Lead arranger Citigroup Inc. expects to begin marketing the debt again early next month.  More »

U.S. rig count grows despite oil price slump

Future output in the U.S. is at risk with oil trading below $80 a barrel.  More »

Harold Hamm’s ex-wife appeals $1 billion divorce ruling

Divorce attorneys expressed surprise after the ruling that a billionaire’s spouse didn’t get at least 25 to 30 percent of the couple’s assets when the marriage was formally dissolved last month.  More »

Oil drop gives U.S. drillers argument to end export ban

With U.S. output at a 31-year high and imports at the lowest level since 1995, producers seeking the best possible price for crude are straining at having to keep sales at home.  More »

Brent heads for 5-year low as Saudi discounts spur competition

Futures slid as much as 1.1 percent in London and are headed for a second weekly decline.  More »

Oil prices go back on the decline

WTI for January delivery dropped 57 cents, or 0.9 percent, to end at $66.81 a barrel.  More »

Enbridge surges after asset shift, dividend boost

Enbridge said yesterday it plans to move C$17 billion worth of Canadian liquids pipelines to the Enbridge Income Fund to help pay for capital investment.  More »

Shipping can thank OPEC policy for $29 Billion in savings

Tanker owners’ earnings from hauling one-time, or spot, cargoes surged by almost 25 percent since the start of January even as oil companies and traders paid less to hire the vessels.  More »

300,000 Iraqi oil barrels signal glut will deepen

Just five days after OPEC decided to maintain production levels, Iraq, the group’s second-biggest member, inked an export deal with the Kurds that may add about 300,000 barrels a day to world supplies.  More »

WTI crude steady after U.S. stockpiles drop from five-month high

Oil fell 18 percent last month as the Organization of Petroleum Exporting Countries maintained its output target, letting prices fall to a level that may slow U.S. production growth.  More »
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