While the Saudi Arabia is as flush with cash as ever, the finances of some fellow OPEC members are deteriorating quickly.  More »

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 for December delivery rose $1.49 to settle at $78.68 a barrel on the New York Mercantile Exchange.  More »

Petrobras, which booked $44 billion in operating losses from selling fuel at below-market prices during President Dilma Rousseff’s first term, is set to raise its subsidized refinery gate prices even after crude’s 25 percent plunge this year brought them more into line with international benchmarks.  More »

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 »

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 »

Halliburton CEO Dave Lesar is joining the chorus of oil executives who say they aren’t worried about falling oil prices, and expect them to climb next year.  More »

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 »

Houston-based drilling rig contractor Hercules Offshore has told Texas regulators it will lay off 324 employees as it shuts down four rigs in the Gulf of Mexico.  More »

Traders are split on whether Saudi Arabia will deepen the crude price cuts that propelled oil into a bear market this month.  More »

The second-largest U.S. oil company also benefited from selling off some some of its assets as part of three-year divestment program.  More »

AAA says global oil supplies, including significantly higher oil production in the U.S., are outpacing a growth in demand.  More »