Libyan Oil Official Freed After 2 Weeks In Captivity; Identity Of Abductors Remains Unclear
Samir Salem Kamal, who has been Libya's representative to OPEC for two years, was kidnapped from Tripoli on Jan. 15.
Shell Falls Short After Oil Production Income Collapses
Shell also announced a relatively modest three-year, $15 billion cut in spending to help it weather the plunge in oil prices.
OPEC's Badri Says Oil May Have Hit Floor, Warns Of Future Spike
Some OPEC members, including Venezuela, have continued to call for output cuts.
Crude Prices Jump After Saudi King Abdullah's Death, But Experts Say Volatility Won't Last
Though global prices jumped on the news of Abdullah's death, experts expect a smooth transition and no big policy changes.
More news
Oil Prices Extend Slide In Commodities Sell-Off
Commodities came under pressure after the World Bank cut its forecasts for global growth, reinforcing worries of a gloomy economic outlook.
Dow Jones Industrial Average Soars 275 Points After Alcoa Inc Earnings Beat Wall Street Estimates
Alcoa boosted investor optimism by posting its best annual results since 2008.
Venezuela's Maduro Jets To China, OPEC Countries For Help With Cash-Strapped Economy
Cash-strapped Venezuela is looking to Beijing, its top financier, for assistance amid falling oil prices and mounting fears of default.
OPEC Oil Dispute: Iran Calls On Saudi Arabia To Address Plunging Prices, Warns Inaction Is A 'Serious Mistake'
“Saudi Arabia can take a step to have a productive role in this situation,” a top Iranian official said.
Oil Falls Below $57, Heads For Biggest Annual Drop Since 2008
Global benchmark Brent crude has fallen 49 percent in 2014.
Oil Hits Five-And-A-Half-Year Low Below $57 On Supply Glut
Brent crude oil fell to a 5-1/2-year low on Tuesday as a global supply glut outweighed concerns of lost supply from Libya.
Oil Prices Climb On Worries Over Libyan Supply
Oil prices rose on Monday, after dropping for the past two sessions, as escalating clashes stoked worries about supply from the OPEC member.
Arab OPEC Sources See Oil Back Above $70 By End-2015
Oil prices could begin finding a new equilibrium by the end of 2015, even in the absence of any production cuts by OPEC.
Saudi Arabia Says Won't Cut Oil Output
Saudi Oil Minister Ali al-Naimi blamed falling oil prices on speculators and lack of cooperation from non-OPEC members
Low Oil Prices Bad For Stability In Nigeria Amid Boko Haram Violence, Upcoming Elections
As oil prices go down, tensions are on the rise in Nigeria.
‘Fundamentals’ Aren’t Greasing Crude Oil Price Slide: OPEC Chief
"The fundamentals should not lead to this dramatic reduction [in price]," OPEC Secretary General Abdullah al-Badri says Sunday.
Oil Sinks Below $63 To Lowest In Over Five Years On Glut, Weak Demand
Brent is down roughly 9 percent this week, some 45 percent below its June peak above $115 per barrel.
US Oil Prices Plunge Below $60, Lowest Level Since July 2009
The benchmark for U.S. crude oil prices tumbled below $60 a barrel Thursday, a psychologically important level.
Dow Jones Industrial Average Drops More Than 150 Points After OPEC Slashes Outlook
The Dow tumbled after OPEC slashed its forecast for 2015 production by 300,000 barrels per day to 28.9 million barrels.
Iran's Hassan Rouhani: Falling Oil Prices A 'Conspiracy' As OPEC Infighting Continues
“Iran and people of the region will not forget such conspiracies," the Iranian leader said on Wednesday.
Dow Jones Industrial Average Drops More Than 100 Points As Crude Oil Prices Tumble
The Dow and S&P 500 dropped Monday as the energy sector tumbled after Morgan Stanley slashed its forecast for Brent crude.
What Plunging Oil Prices Mean For US Consumers, Petroleum Producers, Oil Service Companies
Lower crude oil prices are good for U.S. consumers and bad for oil services firms as well as some oil-producing nations.
Venezuela's Currency, Bonds Plummet As Government Grapples With Oil Prices
Warnings over further economic turmoil in Venezuela are becoming louder after OPEC declined to cut oil production last week.
Oil Prices Sink To 4-Year Low Following OPEC Decision To Maintain Production Levels
Prices at the pump are expected to remain low as OPEC maintains its current level of production.
Saudis Block OPEC Output Cut, Oil Price Sinks Further
A price war would hurt top non-OPEC exporter Russia, which has clashed with Saudi Arabia over Moscow's support for Syrian President Bashar Assad.
Brent Falls To Four-Year Low As OPEC Production Cut Looks Unlikely
Some fund analysts have said that oil prices could slide to $60 per barrel if OPEC does not agree to a significant output cut.
OPEC Meeting Preview: Will Slump In Oil Prices Push OPEC To Slash Production?
OPEC may be forced to pull back on production to keep oil prices from sinking lower.
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