The chief exec of Total, Christophe de Margerie, was killed when his private jet collided with a snow plough as it was taking off from Moscow's Vnukovo airport.» Read More
Will Friday’s sell-off have a dramtaic impact on Monday's trading and the earnings flood that lies ahead?
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Kuwait said on Monday it had reached a preliminary deal with Exxon Mobil to produce heavy oil in the north of the Gulf Arab state and aimed to boost production to 900,000 barrels per day by 2020.
U.S. stocks, beleaguered by disappointing earnings, record oil prices, credit problems and underlying fears that the worst is still ahead, fell fast and hard Friday.
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Stocks closed lower after financial giant Citigroup halted its stock buyback plan and said it and two other big U.S. banks will create a multibillion-dollar fund in order to support the struggling commercial debt market.
General Electric said Friday that third-quarter profit rose 13.8%, matching expectations, boosted by demand for heavy equipment like gas turbines and jet engines and strength at its financial units.
The chief executive of BP on Thursday outlined a plan to address industry-lagging profitability by slashing management layers, adopting consistent procedures for developing oil and gas fields and reducing "unacceptably high" costs.
A major power generator agreed in a court settlement Tuesday to spend $4.6 billion to reduce chemical emissions blamed for spreading smog and acid rain across the Northeast.
U.S. investor Warren Buffett's Berkshire Hathaway has sold shares in top Asian oil and gas producer PetroChina for the sixth time since July, slashing its holding by nearly half overall to cash in on a lucrative holding.
Kazakhstan's president pledged Monday not to review a major oil development contract with an international consortium led by Italy's Eni amid tensions sparked by production delays.
ConocoPhillips Chief Executive James Mulva said on Wednesday he was "encouraged" by talks with Venezuela on reaching a compensation deal over the seizure of the oil company's assets there.
Indonesia wants to boost its share of the revenues from a disputed offshore natural gas block held by U.S. oil giant Exxon Mobil, Minister of Energy and Mineral Resources Purnomo Yusgiantoro said late Tuesday.
Kazakhstan softened its rhetoric on Wednesday in a row over production delays with a group of oil companies led by Italy's Eni, saying it hoped to resolve environmental concerns at the offshore oilfield.
Stocks closed mixed as weak housing data was offset by better-than-expected auto sales from GM and sustained expectations for additional rate cuts by the Federal Reserve. "I think with liquidity back in the market you'll still see volatility but you're more likely to see more up days and fewer down days," said David King of Putnam Investments.
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General Electric said that, for the first time, it would earn more this year from its operations outside the United States than from in the U.S., mainly because of strong revenue growth in emerging markets.
Stocks ended with modest gains as better-than expected employment data overshadowed negative news from the housing industry. "Jobless claims dropping below 300,000 is a very good sign," said Michael Darda, chief economist at MKM Partners. "It really doesn't look like the labor market is falling off of a cliff here."
Kazakhstan said on Thursday that securing a bigger stake in the huge Kashagan oilfield was not its main goal in a row with the project's Italian-led consortium of Western oil majors.
Kazakh lawmakers passed a bill Wednesday allowing the government to unilaterally break contracts with foreign companies, potentially threatening an Italian-led consortium developing a giant oilfield.