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Repsol profit triples as refining counterbalances oil drop

Oil’s drop of almost 50 percent over the past six months pushed companies from Total SA and Royal Dutch Shell Plc to BP Group Plc and Statoil ASA to announce investment cuts in the past month.  More »

Premier oil suspends dividend after posting full-year loss

First oil from its Solan project in the North Sea west of Shetlands is now expected in the second half instead of the second quarter because of poor weather conditions, the company said.  More »

CGG to cut about 400 jobs after 2014 $1.2 billion net loss

Last year, Europe’s second-biggest oil-services provider Technip approached CGG about a combination of the two French companies specialized in providing equipment and studies for the energy industry. The surveyor, which has cut jobs and reduced its fleet, rejected the bid.  More »

U.S. tells Canada its climate goal may play Keystone role

Obama has secured climate concessions from China and India as part of those UN talks. A similar deal with Canada could help offset the anticipated environmental damage from the TransCanada Corp. pipeline, responding to project opponents.  More »

Yellen says oil price means inflation will fall before it rises

The Fed chair reiterated that she expects the drag on inflation “will be transitory.”  More »

Tissue paper-for-Venezuelan oil swap offered by Trinidad

Venezuela, plagued with shortages of basic goods, was offered a reprieve by the Prime Minister of neighboring Trinidad and Tobago: exchange oil for tissue paper. Prime Minister Kamla Persad-Bissessar suggested an oil-for-tissue swap in a news conference Tuesday following a meeting in Port of Spain with Venezuelan President Nicolas Maduro. She said the deal would […]  More »

Oil demand seen rising by Saudi’s al-Naimi as markets calm

Brent crude futures, a benchmark for more than half of the world’s oil, gained 3.6 percent this year, after plunging 48 percent in 2014.  More »

Nigeria suffers ‘substantial’ revenue loss as oil prices fall

The continent’s largest economy has been hit by the halving in Brent crude prices since the middle of last year as the West African nation prepares for presidential elections next month.  More »

Cameron LNG applies for approval of project expansion

The project is among several proposals to tap into ample supplies of gas from shale rock in the U.S. and an extensive pipeline network to meet demand from Japan, South Korea and other LNG importers.  More »

Oil extends weekly loss as Libya opens pipeline

West Texas Intermediate lost as much as 2.5 percent after falling 4.6 percent last week.  More »

Truckers with 35,000 openings seek jobless oil workers

Attracting and retaining drivers is one of the biggest challenges for long-haul trucking companies, which can see annual driver turnover of more than 100 percent, according to Bloomberg Intelligence.  More »

Oil’s pain is Wal-mart’s gain

Analysts at Goldman Sachs note that the longer gas prices stay low, the more consumers like to spend.  More »

Citigroup sets $100 billion funding goal for green projects

The effort builds on an earlier goal to arrange $50 billion in deals that the bank set for itself in 2007 and achieved in 2013, three years ahead of schedule.  More »

Saudi oil output rising amid fight for market share

Saudi Arabia, the world’s largest crude exporter, led the Organization of Petroleum Exporting Countries’ decision in November to maintain its output target to preserve market share, rather than cut supply to boost prices.  More »

Obama’s chief economist says oil price drop offsets slowdown overseas

The annual Economic Report of the President, to be released Thursday, projected 3 percent annual growth this year.  More »