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Bloomberg

(Daniel Acker/Bloomberg)

Oil speculators move in, but price slide continues

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A persistent global surplus has made the biggest oil companies more pessimistic about a swift price recovery.
(JEFF PACHOUD/AFP/Getty Images)

U.S. pump prices slip to three-month low

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Pump prices declined to the lowest level since an April 24 survey due to lower crude oil prices in combination with high output from refineries.
Warren Buffett -- chairman, president & CEO of Berkshire Hathaway -- gestures during a 2013  interview.  (AP Photo/Nati Harnik, File)

Buffett to acquire engineering giant in $37.2 billion deal

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The target company uses advanced engineering technology to make metal industrial components for jet engines and power plants as well as pipes for the oil and gas industry.
Roughnecks take a break from working the Peterson Drilling Company rig in Carlsbad, New Mexico, February 26, 2000.  (Photo by Joe Raedle)

Oil poised for sixth weekly drop as signs of oversupply persist

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Current oil prices are unsustainable and the market will rebalance in the next six to 12 months as U.S. output declines, UBS Group AG said in a note.
(Spencer Platt/Getty Images)

To please investors, Big Oil makes deepest cuts in a generation

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From Chevron Corp. to Royal Dutch Shell Plc, producers are firing thousands of workers and canceling investments to defend their dividends.
The shadows of  workers in the Permian Basin on February 5, 2015 in Mentone, Texas. (Photo by Spencer Platt/Getty Images)

Goldman sees oil staying lower for longer to end supply glut

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Storage may be filled by the fall with global crude oversupply running at 2 million barrels a day and low-cost producers continuing to boost output, Goldman analysts including Jeffrey Currie said in a report on Thursday.
(Jerry Lara/San Antonio Express-News)

Explorers in need of cash are selling oil fields as last resort

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Having exhausted other ways to raise cash amid depressed prices, a slew of producers announced more than $2.4 billion in asset sales last month
(Fayez Nureldine/AFP/Getty Images)

Saudi Aramco raises Asia crude pricing, leaves light to U.S. unchanged

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Refining margins in Asia have come under pressure in recent months as refiners there increased processing runs and Saudi Arabia increased diesel exports from its new Yasref refinery, a joint venture with China’s Sinopec that reached full capacity in June.
Chesapeake CEO Robert "Doug" Lawler speaks at the IHS CERAWeek energy conference in Houston on March 4, 2014. (Mayra Beltran/Houston Chronicle)

Chesapeake troubles deepen on glut-driven second-quarter loss

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Chesapeake Chief Executive Officer Doug Lawler has been selling assets and dismantling complex financial commitments to free up cash for drilling and reduce debt.
(AP Photo/Dado Galdieri, File)

Venezuela’s giant lake of endless oil is a filthy, lawless mess

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For nearly a century, the petroleum deposits beneath giant Lake Maracaibo served as a cash cow for successive Venezuelan governments. In return, it has received little back but neglect.