SAUDI ARABIA IS TAKING A HARDER LINE ON OIL PRICES

For decades, Saudi Arabia was the voice of moderation within OPEC, pushing back against the urging of members like Venezuela and Iran for higher oil prices... READ MORE›

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OPEC CONFOUNDS SKEPTICS AGREES TO FIRST OIL CUTS IN 8 YEARS

OPEC confounded its doubters and sent crude oil prices soaring by agreeing to its first production cuts in eight years... READ MORE›

BRENT CRUDE OIL CLIMBS ABOVE $50 AS OPEC SAID VERY CLOSE TO DEAL

Iran previously suggested it freeze production at 3.975 million barrels a day, or about 200,000 barrels a day above current output, two OPEC delegates said Monday... READ MORE›

SAUDI ARABIA HIKES PETROL PRICES BY 40% AT THE PUMP

Saudi Arabia hikes petrol prices by 40 percent at the pump... READ MORE›

SAUDI ARABIA HAS PULLED OUT OF PLANNED SUPPLY TALKS WITH RUSSIA, SOURCES SAY

Saudi Arabia wants an OPEC deal in place before conversations with other producers such as Russia, one delegate said... READ MORE›

The only major United States antagonist not hurt by the drop in oil prices is North Korea, which imports all of its petroleum... READ MORE›

GAS PRICE FELL TO 47 CENTS PER GALLON AT ONE MICHIGAN SITE

A Marathon gas station also located in Houghton Lake also sold fuel for 95 cents a gallon on Sunday, GasBuddy reported... READ MORE›

OIL PRICES WILL BE MUCH MORE VOLATILE IN 2017

He added that a recent trend of declining Chinese oil production due to low prices could be reversed if the market strengthened... READ MORE›

OIL PRICES TAKE ANOTHER DIVE -- CAN THE OILPATCH TAKE IT?

- Shane Hooker, Sanjel Energy Services But Sanjel is back, albeit in much smaller form... READ MORE›

OIL PRICE FALLS AHEAD OF OPEC MEETING

The drop came as Saudi Arabia indicated it would not push for output cuts to help push up oil prices... READ MORE›

ON THE BALLOT TWO CLASHING VISIONS OF HOW AMERICA WILL POWER ITS CARS HOMES

Critics have said Trump's plan to revive natural gas drilling would finish off the very coal industry he promises to restore, because the two fuels compete... READ MORE›

WATCH OUT OPEC THE AMERICANS ARE COMING

Low-cost production has grown in the Permian Basin, while output has declined in the Bakken and Eagle Ford regions... READ MORE›

PUTIN SAYS RUSSIA READY TO JOIN OPEC EFFORT TO LIMIT OIL SUPPLY

Russia, the world's largest energy exporter, is ready to join OPEC in limiting oil production with either a freeze or a cut, said President Vladimir Putin... READ MORE›

OPEC TRIES TO SALVAGE DEAL AS SAUDIS SAY CUT ISN'T ESSENTIAL

Iraqi Oil Minister Jabbar Al-Luaibi told reporters as he arrived in Vienna that he was optimistic OPEC can reach an agreement acceptable to all members... READ MORE›

OPEC-RUSSIA DEAL COULD DRAIN ALMOST HALF THE GLOBAL OIL SURPLUS

Full compliance with the deal would mean OPEC crude supply in the first half is about 400,000 barrels a day lower than demand, the data show... READ MORE›

THE WORLD'S BIGGEST OIL KINGDOM REVERSES COURSE

In an effort to get prices off the mat, Saudi Arabia looks to pull back on the amount of crude it pumps... READ MORE›

U.S. STOCKS POST LONGEST SLIDE SINCE 1980, BONDS RISE AMID ANGST

West Texas Intermediate for December delivery dropped 59 cents to settle at 44.07 a barrel on the New York Mercantile Exchange... READ MORE›

GOOD NEWS FOR MOTORISTS AS PETROL PRICES PREDICTED TO FALL

Petrol prices may fall below the A?1 per litre mark, as world oil prices continue to tumble... READ MORE›

EVEN IF OPEC GETS DEAL IT RISKS REVIVING BATTERED OIL RIVALS

U.S. shale drillers have already benefited from OPEC efforts to lift prices... READ MORE›

IN AMERICA'S LARGEST OILFIELD, WHIR OF ACTIVITY CONFOUNDS OPEC

I'm really proud American production is offsetting those OPEC cuts, said Lilis Chief Executive Avi Mirman... READ MORE›

VENEZUELA LEADER SEEKS HELP OVER OIL

Before he left Venezuela Mr Maduro announced a number of new mechanisms aimed at addressing the country's economic crisis... READ MORE›

$85 OIL BY CHRISTMAS? THIS ANALYST SAYS YES

That was a way-out-of-consensus call to make a year-ago when most pundits vigorously argued non-OPEC production would still expand even with the drop in oil prices... READ MORE›

PREPARE FOR THE NORTH SEA OIL FLOOD

Only one supertanker, Front Ariake, remains floating with North Sea crude off the coast of England... READ MORE›

OPEC SHRUGS OFF THREAT OF U.S. CUTTING OIL IMPORTS

OPEC Shrugs Off Threat of US Cutting Oil Imports... READ MORE›

INSIDE OPEC ROOM, NAIMI DECLARES PRICE WAR ON U.S. SHALE OIL

Saudi Arabia's Oil Minister Ali al-Naimi talks to journalists before a meeting of OPEC oil ministers at OPEC's headquarters in Vienna November 27, 2014... READ MORE›

OPEC'S LAST CUT SHOWS OIL MARKET COULD GET A WHOLE LOT MESSIER

Anyone planning to trade the outcome of this week's OPEC meeting might consider the lessons of the group's last production cut... READ MORE›

OIL SURGES 6% ON OPEC AGREEMENT, BUT ANALYSTS SKEPTICAL OF SUSTAINED RALLY

Oil surges 6 percent on OPEC agreement, but analysts skeptical of sustained rally... READ MORE›

OIL PRICES SOAR AFTER OPEC DEAL

Oil prices soared Thursday after the Organization of the Petroleum Exporting Countries OPEC clinched an agreement to cut production, first of its kind since 2008... READ MORE›

HEY OPEC THE WORLDS LARGEST OIL CONSUMER NEEDS A LOT LESS OIL

Hey OPEC, the World's Largest Oil Consumer Needs a Lot Less Oil... READ MORE›

AS OPEC ACTS ON NEW YEAR'S RESOLUTION, U.S. SHALE PUMPS AWAY

U.S. shale is getting in the way of a New Year's resolution by OPEC to cut production and boost the market... READ MORE›

SOMEONE BOUGHT A 'RELATIVELY CHEAP LOTTERY TICKET' THAT WILL PAY OFF IF OIL HITS $100

Still, the bet is tiny put in the context of the global oil market... READ MORE›