Modi to Abe Favor Oil Bears as Plunge Aids Asian Economies

Prime Minister Narendra Modi has oil to thank for helping an economic revival in India. Whether his luck holds depends on a meeting in Vienna tomorrow.

Exxon Bets on Russia as Rivals Stick to U.S. Wells

As Exxon Mobil Corp. (XOM) and Royal Dutch Shell Plc, the world’s largest oil companies, bet on increasing production from Russia, smaller rivals are boosting crude supplies by exiting foreign fields to focus on booming U.S. wells.

Renewable Fuels Quota to Be Cut in U.S. EPA Change

The Obama administration proposed a cut in the amount of renewable fuels that refiners must blend with gasoline next year, bowing to oil industry complaints that the targets contained in 2007 legislation were too high.

Exxon quarterly profit up slightly

(Reuters) - Exxon Mobil Corp said on Thursday its quarterly profit edged up, helped by higher earnings in its chemicals business but oil and gas production fell.

Exxon to remove damaged part of Arkansas oil pipeline on Monday

(Reuters) - A 52-feet section of Exxon Mobil Corp's damaged Arkansas crude oil pipeline will be cut and removed on Monday, the company said.

Petrobras Debt Crunch Buoys Exxon’s Prospects in Brazil: Energy

Petroleo Brasileiro SA (PETR4)’s worst debt position in a decade is boosting chances the Brazilian oil company will step aside and let Exxon Mobil Corp. (XOM) and Royal Dutch Shell Plc (RDSA) buy offshore exploration licenses in Latin America’s biggest auction this year.

Gasoline at U.S. Pumps Drops to Lowest for Season in Three Years

Retail gasoline prices in the U.S. dropped to the lowest for this season in three years after crude futures capped the biggest weekly drop in six months.

Exxon oil spill cleanup ongoing in Arkansas, pipeline shut

MAYFLOWER, Ark./HOUSTON (Reuters) - Exxon Mobil Corp continued efforts on Monday to clean up thousands of barrels of heavy Canadian crude oil spilled from a near 65-year-old pipeline in Arkansas, as a debate raged about the safety of transporting rising volumes of the fuel into the United States.

Iraq Warns Exxon on Kurdish Deals Amid Plans for BP Development

Iraq’s oil minister asked Exxon Mobil Corp. (XOM) to stop dealing with Kurds if it wants to work with the central government even as he proceeded with plans for BP Plc (BP/) to develop fields in northern areas claimed by the Kurdish authorities.

Exxon Mobil regains market-value crown from slumping Apple

NEW YORK (Reuters) - Exxon Mobil Corp has reclaimed its place as the largest U.S. publicly traded company by market value one year after losing it to Apple Inc, as shares of the technology giant extended their recent fall on Friday.

ConocoPhillips selling some assets for $1.05B

HOUSTON (AP) -- ConocoPhillips is selling some properties in North Dakota and Montana to a subsidiary of Denbury Resources Inc. for $1.05 billion.

Colombia Bets on Shale as Peace Talks Open Oil Frontiers

Colombia, the fastest-growing major oil producer in Latin America in the past five years, is looking to join the global shale boom as it expands exploration in areas once dominated by guerrilla groups.

Nigeria's Jonathan Says Oil Industry Needs Overhaul

Oil companies' objections to Nigeria's proposed overhaul of its petroleum sector are expected, but the reforms are necessary, President Goodluck Jonathan said in an interview Thursday.

UBS downgrades Exxon; 'disappointing' production

NEW YORK (AP) — Exxon Mobil Corp. was downgraded Friday by UBS because of "disappointing" production trends, increasing reliance on asset sales to hit earnings numbers, and other factors.