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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 »

Petrobras said to win support to raise gasoline prices

Petrobras, which booked $44 billion in operating losses from selling fuel at below-market prices during President Dilma Rousseff’s first term, is set to raise its subsidized refinery gate prices even after crude’s 25 percent plunge this year brought them more into line with international benchmarks.  More »

Saudis recall 1998 showdown in taking on U.S. shale rivals

To win the showdown, the Saudis are trying to bring OPEC’s weaker members in line before the Nov. 27 meeting of the organization.  More »

OPEC oil basket price falls below $80 to least in 4 years

U.S. oil production rose to the highest in at least 31 years amid slowing global demand, helping drive crude into a bear market last month.  More »

Antero Midstream raises $1 billion in IPO

The partnership will own and operate pipelines and other assets of natural gas producer Antero Resources, including in the Marcellus Shale in West Virginia and the Utica Shale in southern Ohio.  More »

EOG profit doubles on low-cost wells even as oil price falls

CEO William Thomas boosted EOG’s growth target for oil even in the face of a market slump  More »

White House monitoring oil drop, no action seen on reserves

West Texas Intermediate touched $75.84 a barrel, the lowest intraday price since Oct. 4, 2011 as Saudi Arabia price cuts deepened a selloff in crude.  More »
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