Naimi said oil oil's price slide is only temporary, and that cutting down output required more support form big oil producers.» Read More
Harold Hamm, CEO of Continental Resources, said US oil prices have hit the bottom and expects an upsurge in the short term.
Economic troubles at the only remaining rival bidder for the 2022 Olympics have left an open path for Beijing to host again.
The group of the world’s biggest global oil exporters has cut its forecasts for the price growth and global demand for oil.
Saudi Prince Alwaleed Bin Talal, has called on authorities to create a sovereign wealth fund to help reduce the state’s reliance on oil.
Oil prices could have a hard time finding a floor after Saudi Arabia trimmed prices in the face of growing North American oil production.
West Texas Intermediate bounced back and forth between positive and negative territory just around the $80 level for most of the session.
Andy Lipow got it right when he predicted $3 gas by Halloween. Here are his predictions for Thanksgiving and beyond.
Chevron reported its profit rose as lower oil prices boosted its refinery operations, helping to offset sagging results in its oil and gas production.
The sight is so surprising that Americans are sharing photos of it: The gas station sign, with a price under $3 a gallon.
Markets should look for "a significant political risk premium on the price of Brent" if nuclear arms talks between Iran and world powers fail.
Ukraine, Russia and the European Union signed a deal on Thursday on the resumption of Russian natural gas supplies to Ukraine for winter.
Europe could be plunged into an energy crisis this winter if last-ditch talks on Wednesday fail to see Russia resume gas flows to Ukraine.
Total warned that sliding oil prices had hit its third-quarter results and could weigh for the rest of 2014.
WTI crude oil prices could soon fall to $75 a barrel, says some market observers.
Fracking could open the way for the U.S. to overtake Saudi Arabia as the world's top oil producer, Platts said in a report on Tuesday.
BP increased dividends as it saw a jump in operating cash flow, despite lower oil prices and a drop in contributions from Russia.
OPEC is losing its price-setting influence on global oil prices to U.S. shale production, according to Goldman Sachs analysts.
Crude oil continues to flirt with the key $80 per barrel level, signaling another possible sharp leg down in price in the coming weeks.
ISIS makes its fortune by selling oil from seized territory to its enemies, NBC News reports.
Total has confirmed that Patrick Pouyanne, head of refining up until now, will take over as chief executive, and Thierry Desmarest as chairman.
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