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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 »

China cuts Saudi oil imports amid Colombia shipment boost

China reduced oil imports from Saudi Arabia even as the world’s largest crude exporter cuts prices to lure Asian customers amid intensifying competition from Colombia to Oman.  More »

Trinidad refinery swaps crude sources on Ebola scare

The decision follows the refusal of workers from Petrotrin, which operates Trinidad’s sole refinery, to assist with the berthing of a tanker that arrived in Trinidad waters.  More »

WTI oil climbs as U.S. motor-fuel supplies seen lower

December futures increased as much as 0.5 percent in New York, adding to a 0.7 percent rise yesterday.  More »

New Total CEO will contend with slump in production, oil

Pouyanne will have to see through a round of cost cuts as lower oil prices and weak returns from refining eat into profit at France’s largest company by sales.  More »

TransCanada’s Keystone stand-in faces $1 billion gas feud

Building an oil line from North Bay, Ontario, to Ottawa instead of altering the existing one would cost at least $1 billion more and put Energy East in jeopardy, the company says.  More »

Total CEO criticized Russia sanctions hours before crash

Christophe de Margerie’s last act as chief executive officer of Total SA (FP) left no room for doubt about his feelings toward Vladimir Putin’s Russia.  More »

Death of Total CEO: Reactions from oil industry, French leaders

France’s politicians and oil-industry leaders offered their condolences after the death of Christophe de Margerie, 63, chief executive officer of Total SA, the nation’s largest oil company.  More »

Ukraine fighting batters truce before gas talks begin

Talks aimed at ensuring Russian natural gas deliveries to Ukraine this winter are being held with the European Union in Brussels today as fighting continues.  More »

Oil at $80 a barrel muffles forecasts for U.S. shale boom

The bear market in oil has analysts reassessing the U.S. shale boom after five years of historic growth.  More »

WTI crude oil seen supported near $75 a barrel

Prices have tumbled more 20 percent from their June peak, meeting a common definition of a bear market.  More »

Oil rout goes unnoticed in Eagle Ford shale

U.S. benchmark West Texas Intermediate oil has dropped 24 percent from its June high, but oil workers in the Eagle Ford shale can’t help but feel optimistic.  More »
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