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China will loan Venezuela $5B to increase the OPEC country's oil production, Venezuelan President Nicolas Maduro said.
Wall Street could be in for another rocky ride Wednesday.
After enjoying a big, three-day rally, oil tumbled Tuesday and several energy pros don't see things getting better anytime soon.
What would the Dow's range look like if the index tracked crude oil's wild price volatility this year?
ConocoPhillips said it is planning to cut about 10 percent of its global workforce, with the largest percentage of cuts in North America.
OPEC's latest move to explore cutting production could be a serious signal in the oil market, says RBC's chief commodity strategist.
The commentary in the OPEC Bulletin said downward pressure on prices due to higher production "remains a cause for concern."
As oil prices gave up some of their recent gains on Tuesday, analysts said the outlook for crude remains poor.
Asian LNG prices could fall 25% in a perfect storm of new supply, falling demand and weaker oil prices.
With a brief recovery in oil prices, investors could start picking away at companies with stable dividends, one expert said.
Buffet's stake in refiner Phillips 66 may not say anything about how investors should play energy, said Ram Partners general partner, Jeff Matthews.
OPEC is concerned by recent prices and stands ready to talk to other producers, according an article in an OPEC publication.
Maersk is to lead a £3 billion project to develop the largest gasfield discovered in the U.K. North Sea for a decade, the FT reports.
Italian energy group Eni said it had discovered potentially one of the world's largest natural-gas fields off the Egyptian coast.
Berkshire Hathaway disclosed a $4.48 billion stake in oil refiner Phillips 66, rebuilding a bet it had made in the energy industry before oil prices fell.
The lows in oil will likely be coming in September or October, and then there will be a different dynamic, John Hofmeister said.
As oil slumps back into the red, after a 10 percent surge on Thursday, analysts suggest this isn't the time to get positive on the sector.
Fluctuations in the price of oil are uniquely felt in West Texas, where life and the economy revolve around black gold.
With oil prices surging after the global market turmoil of "Black Monday," could investors regain their faith in commodities?
French oil major Total has agreed to sell some of its gas pipeline assets in the UK's North Sea to North Sea Midstream Partners.