Enron castaway shrugs off low price to become ‘Apple of Oil’
Investors spooked by the heavy debt carried by most U.S. producers are flocking to companies that generate so-called free cash flow. More »
Oil rises after inventory report
Oil for December delivery rose $1.49 to settle at $78.68 a barrel on the New York Mercantile Exchange. More »
Saudis recall 1998 showdown in taking on U.S. shale rivals
To win the showdown, the Saudis are trying to bring OPEC’s weaker members in line before the Nov. 27 meeting of the organization. More »
OPEC oil basket price falls below $80 to least in 4 years
U.S. oil production rose to the highest in at least 31 years amid slowing global demand, helping drive crude into a bear market last month. More »
BHP Billiton to export condensate overseas
BHP Billiton is preparing to export a processed, ultra-light oil overseas without the government’s explicit authorization — a move likely to be mimicked by other energy companies eager to sell crude to foreign buyers. More »
White House monitoring oil drop, no action seen on reserves
West Texas Intermediate touched $75.84 a barrel, the lowest intraday price since Oct. 4, 2011 as Saudi Arabia price cuts deepened a selloff in crude. More »
Oil prices hit 3-year lows after Saudi discount
The market was shaken by news that Saudi Arabia was cutting prices for the U.S. to compete with the surge in oil production there. More »
Low oil prices send chills through oil patch
Lower oil prices, while good for the broader U.S. economy, are a threat to what has been a surprising and dramatic surge in oil production in the U.S. More »
Crude oil settles below $80 a barrel
Oil tumbled last month after Saudi Arabia, Iraq, Iran and Kuwait cut prices, leading to concern that OPEC members were fighting for market share. More »
Brent oil has longest run of weekly losses since ’02
Traders are split on whether Saudi Arabia will deepen the crude price cuts that propelled oil into a bear market this month. More »
Shale boom redraws oil routes as Alaska ships to Korea
South Korea received this month a shipment of Alaskan oil for the first time in at least eight years and may buy more. More »
Crude falls after Fed ends asset-purchase program
Oil for December delivery dropped $1.08 to settle at $81.12 a barrel on the New York Mercantile Exchange. More »
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