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Iraq follows Saudi price Cuts as Brent oil falls with WTI

Iraq will sell its Basrah Light crude to Asia at the biggest discount since January 2009.  More »

Holiday drivers closest to paying $3 gasoline in 4 years

With deep declines expected in gasoline prices this holiday season, Thanksgiving drivers should have one less thing to worry about on the busiest travel day of the year.  More »

Oil prices rise but are still in bear territory

Oil for November delivery rose 43 cents, or 0.5 percent, to $86.20 a barrel on the New York Mercantile Exchange.  More »

Ethanol companies raided in EU benchmarks antitrust case

The European Union rekindled a probe into possible rigging of fuel-price benchmarks, raiding ethanol companies in the bloc 17 months after officials inspected three oil producers and industry publisher Platts.  More »

Iran matches Saudi oil discounts in bear market for crude

Iran will sell its oil to Asia in November at the biggest discount in almost six years, matching cuts by Saudi Arabia as global crude benchmarks slide deeper into a bear market.  More »

Coal, not fracking blamed for U.S. methane hot spot

A tiny patch of the southwestern U.S. produces the nation’s highest concentrations of methane, the potent greenhouse gas that President Barack Obama has vowed to tackle as part of his assault on climate-change pollution.  More »

Exxon wins $1.6 Billion settlement for Venezuela seizure

Exxon Mobil Corp. was awarded a $1.6 billion settlement by an international arbitration panel for assets seized by Venezuela’s government in 2007, a fraction of what the crude producer had sought.  More »

Oil bulls keep faith Saudi supply cuts will revive price

Ignore the talk of an OPEC price war, say crude market bulls. Oil’s next move was spelled out inSaudi Arabia’s own words.  More »

Rising crude supplies send oil futures down

Oil for November delivery decreased $1.47, or 1.7 percent, to $87.38 a barrel.  More »

Keystone be darned: Canada finds oil route around Obama

From the Canadian perspective, Keystone has become a tractor mired in an interminably muddy field.  More »

Shale boom tested as plummeting prices threaten U.S. drillers

More supply from hydraulic fracturing and horizontal drilling, and less demand, are contributing to the tumble in West Texas Intermediate crude.  More »

American Water Works CEO says company could provide fracking services

The largest publicly traded water utility in the U.S. is in discussions about providing additional services to fracking companies.  More »