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  • *OPEC says demand for its crude will drop next year. LONDON, Nov 13- Brent crude fell to a four-year low below $79 a barrel on Thursday after Chinese data showed further economic slowdown, Saudi Arabia kept silent about a possible cut in production and crude stocks built up at a key U.S. delivery point. Brent crude for December was down by $1.40 at $78.98 a barrel by 1615...

  • SINGAPORE, Nov 13- U.S. crude edged lower to around $77 a barrel in early Asian trade on Thursday after OPEC said demand for its oil will fall next year, while Saudi Arabia kept its silence about a possible cut in production. *U.S. crude for December delivery was trading 12 cents lower at $77.06 a barrel at 0057 GMT, after dipping as low as $76.86. *Global demand for oil from...

  • McConnell vows counteroffensive in 'War on Coal' Tuesday, 11 Nov 2014 | 8:20 AM ET
    Sen. Mitch McConnell greets a group from the McConnell Scholars program at the University of Louisville, Nov. 5, 2014.

    The new Republican Congress will clash with the White House over two EPA regulations at the heart of Obama's climate-change agenda. The NYT reports.

  • Nov 10- Continental Resources Chief Executive Officer Harold Hamm has been ordered to pay nearly $1 billion to his ex-wife in one of the largest-ever U.S. divorce judgments, according to a court filing on Monday. Although the award could make Sue Ann Hamm, 58, one of the 100 wealthiest women in the United States, according to Forbes' rankings, it is far smaller than...

  • Nov 10- An Oklahoma County judge has ordered and Continental Resources Chief Executive Officer Harold Hamm to pay nearly $1 billion in a divorce judgment, according to a court filing made public on Monday. In one of the highest value divorce judgments in U.S. history, Special Judge Howard Haralson found that oil magnate Hamm should pay his ex-wife Sue Ann Hamm a...

  • Nov 10- KKR& Co, which led the acquisition of oil and gas producer Samson Resources Corp for $7.2 billion in 2011 and has already sold almost half its acreage to cope with lower energy prices, plans to sell its North Dakota Bakken oil deposit worth less than $500 million as part of an ongoing downsizing plan, according to people familiar with the matter.

  • NYMEX-U.S. crude rises on news of inventory fall Tuesday, 4 Nov 2014 | 7:07 PM ET

    SEOUL, Nov 5- U.S. crude futures edged up to over $77.35 a barrel on Wednesday in early Asian trades in the wake of news that U.S. crude stocks unexpectedly fell last week as refineries boosted output, but global supply glut woes capped the prices at multi-year lows. *U.S. crude futures gained 18 cents at $77.37 a barrel as of 0000 GMT. On the previous session, it settled...

  • In some states, cheap oil isn't such a good thing Tuesday, 28 Oct 2014 | 10:15 AM ET
    An oil refinery in Kenai, Alaska.

    The recent drop in oil prices may soon take a big bite out of tax revenues in states that are big energy producers.

  • Ex-Chesapeake boss McClendon backs young hedgies Monday, 27 Oct 2014 | 11:10 AM ET
    Aubrey McClendon

    Aubrey McClendon is back in the hedge fund game, but this time he's taking a far more indirect approach with a pair of fellow Duke grads.

  • Under the revised terms, Williams Partners will merge with a subsidiary of Access Midstream in a unit-for-unit exchange of 0.86672 common units of Access Midstream for every Williams common unit. Williams first proposed the merger in June, with Access Midstream acquiring William Partners at an exchange ratio of 0.85 plus an additional $0.81 per Williams...

  • SINGAPORE, Oct 24- U.S. crude futures pulled back on Friday to trade below $82 a barrel, after rising the most since mid-September in the previous session on news that top oil exporter Saudi Arabia supplied less oil to the market last month. *U.S. crude for December delivery had dropped 31 cents to $81.78 a barrel by 0016 GMT, after gaining $1.57 on Thursday.

  • Dallas Love Field reopens to an airfare war Monday, 20 Oct 2014 | 3:56 PM ET

    A federal amendment expired, paving the way for Dallas Love Field to offer flights again and setting the stage for an airfare war.

  • *Southwestern to buy assets in Marcellus and Utica shale fields. Oct 16- Southwestern Energy Co said it would buy some oil and gas assets in the Marcellus and Utica shale fields in West Virginia and Pennsylvania from Chesapeake Energy Corp for about $5.37 billion. The deal is positive for Chesapeake and other Utica and Marcellus shale players as it marks the...

  • Oct 16- Chesapeake Energy Corp said it would sell some oil and gas assets in Marcellus and Utica shale fields in West Virginia and Pennsylvania to Southwestern Energy Co for about $5.37 billion, sending its shares up 5.8 percent premarket. Southwestern, which already has assets in Fayetteville shale and northeastern Pennsylvania Marcellus, is adding acreage...

  • Oct 14- Gulfstream Aerospace Corp, a unit of General Dynamics Corp, said it had launched two new business jets, the G500 and G600, and signed agreements for orders of up to 70 aircraft from Flexjet LLC and Qatar Airways. Dallas- based Flexjet LLC, a provider of fractional jet ownership and leasing services, will order up to 50 aircraft, including the 16- seater G450, the...

  • NEW YORK, Oct 12- The average price of a gallon of gasoline in the United States dropped 12 cents in the past three weeks to its lowest point in nearly a year, driven by the latest round of falling oil prices, according to the Lundberg survey released on Sunday. Prices fell to an average of $3.26 per gallon for regular grade gasoline, according to the survey conducted on...

  • Oct 9- Global news organization Reuters has asked an Oklahoma court to open courtroom proceedings to the public and unseal trial transcripts of the two-month-long divorce trial of billionaire oilman Harold Hamm and his wife, Sue Ann Hamm. Haralson cited concerns that private business information that might be discussed in the divorce case would harm Hamm's...

  • LONDON, Oct 9- Brent oil futures steadied above $91 a barrel on Thursday, supported by a slide in the dollar but a glut in supply and concerns about global growth kept it not far above a 27 month low hit in the previous day. Brent for November delivery was up 26 cents at $91.64 by 0819 GMT. The front-month contract fell as low as $90.57 on Wednesday, the lowest since June...

  • SINGAPORE, Oct 9- Brent crude futures rose towards $92 a barrel on Thursday, after rebounding from a 27- month low hit in the previous session as the U.S. dollar weakened on the possibility the Federal Reserve could hold off raising interest rates. Low interest rates "might be around for a little bit, which is supportive for commodities, not just oil," said Mark Keenan,...

  • SINGAPORE, Oct 9- Brent crude futures held steady above $91 a barrel on Thursday, after rebounding from a 27- month low hit in the previous session as the U.S. dollar weakened on the possibility the Federal Reserve could hold off raising interest rates. Low interest rates "might be around for a little bit, which is supportive for commodities, not just oil," said Mark...