Canadian petroleum company CGX Energy Inc. will drill for oil and natural gas deposits along Guyana's eastern coast next year after a nearly decade-long sea-border dispute disrupted operations, officials said Monday.

The Texas Supreme Court on Friday said it will again hear arguments in the nearly 15-year legal battle over accusations that Exxon Mobil Corp. loaded abandoned wells with junk, sludge and even explosives to keep other companies from drilling there.

Crude inventories and gasoline inventories fell last week, missing analysts' expectations, the government said Wednesday.

Exxon Mobil Corp. will likely generate more than 3 percent organic growth in the coming year, said an analyst on Tuesday as he upgraded the company's stock.

The Bill and Melinda Gates foundation increased its holdings in Waste Management, Coca Cola, McDonald's and Berkshire Hathaway Class B in the third quarter, causing the total value of the fund to rise by about $2.6 billion, according to an SEC filing.

By Jonathan Stempel

The outlook for the solar industry might not be glowing, but its a lot brighter than it was a year ago when financing and demand dried up, abruptly ending what some might consider a golden age.

Iraq’s Baghdad Trade Fair ended Tuesday, six years and a trillion dollars after the American invasion that toppled Saddam Hussein, and one country was conspicuously absent -- the U.S. The New York Times reports.

Federal officials have sold oil and gas leases on a total of about 6,000 acres in Colorado for $112,969.

A weakening U.S. dollar has added between $20 and $25 a barrel to the price of oil, creating a "disconnection" between the price and supply and demand levels, ExxonMobil Corp. Chief Executive Rex Tillerson said Friday.

The oil market is well supplied, with inventories at record levels globally, and the market continues "to be a bit soft," but prices are getting a big boost from the dollar's fall, Exxon Mobil CEO and Chairman Rex Tillerson told CNBC Friday.

Oil prices on Friday touched the lowest level in a month as bulging fuel inventories in the United States stirred demand concerns.

Big movements in the price of oil can have significant effects in the general economy, and although the commodity is off its all-time highs, countries with the most oil within their borders are set for big profits as demand for crude continues to rise. With much of the world's existing reserves found in the Middle East, Gulf of Mexico and a few other locations around the globe, individual countries benefit incredibly from their surprisingly high concentrations of oil. With the most recent data from the Energy Information Administration, here are the countries with the biggest proven oil reserves. Click ahead for the list!

Third-quarter net profit for the second largest US oil company fell to $3.83 billion, or $1.92 per share, from $7.89 billion, or $3.85 per share, in the same quarter a year before

Oil prices fell nearly 4 percent Friday, pressured by bearish economic data that dented confidence about a potential recovery in energy demand.