(Eddie Seal/Bloomberg)

Oil gains on speculation Libya disruption may ease glut

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Oil has slumped 45 percent this year, set for the biggest annual decline since 2008, as the highest U.S. production in more than three decades contributed to a global surplus estimated by Qatar at 2 million barrels a day.
(Eddie Seal/Bloomberg)

Fewer workers expected at the oil patch next year, lodging firm says

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An oil field lodging company’s job cuts in North America is the latest harbinger of a downturn and a dwindling number of inhabitants in Texas and North Dakota’s oil patches.
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One oil & gas young professional’s look back at 2014

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Time is going to pass anyways, so you may as well put in the work now, and – much faster than you realize it – you will get to reap the spoils.
Brazil's President Dilma Rousseff (L) shakes hands with workers of Brazilian state-run oil giant Petrobras at Petrobras's shipyards in Rio de Janeiro, on September 11, 2013. (VANDERLEI ALMEIDA/AFP/Getty Images)

Brazil, Roiled by Petrobras Probe, Makes for World’s Most Volatile Equities

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The rallies and routs in Sao Paulo, including two bear markets and a 38 percent surge in between, were more extreme than in nations including Nigeria and Israel.
(AP Photo)

Oil trades near lowest since ’09 with supply at year-end record

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Oil has slumped 46 percent this year, set for the biggest annual decline since 2008, as the highest U.S. production in more than three decades contributed to a global surplus estimated by Qatar at 2 million barrels a day.
(AP Photo/Matthew Brown)

Bakken Club gets evicted as oil plunge tests shale boom

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The club owed $21,598 for rent plus $1,329.90 in late fees, the landlord, On The Spot Development LLC, said in a Nov. 25 complaint.
(Simon Dawson/Bloomberg)

BP turns on oil flow at North Sea field

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The Kinnoull field at its peak should be able to flow 50,000 barrels of crude a day, the British oil giant said Tuesday.
Photographer: Abdullah Doma/AFP/Getty Images

Guard of Libyan oil ports calls in strikes on Islamist militias

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The fighting last week marked a turning point in the unrest that followed Muammar Qaddafi’s 42-year rule.
(Brittany Sowacke/Bloomberg)

Oil prices fall to five-year low; 250,000 jobs at stake in 8 states

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Manufacturers across Texas, as well as hotels and restaurants in the bustling rural oil towns in the western and southern corners of the state, could feel pain from declining oil prices before other industries.
(Photo by Joe Raedle/Getty Images)

Houston gasoline prices fall again

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Houston prices have fallen 45.8 cents since November and a little more than $1 since the same time in 2013