Oil at $30 Is No Problem for Some Cost-Cutting Bakken Drillers

The lowest crude prices since 2009 might still not be enough to end the U.S. energy renaissance.

Petrobras Shakes Off Bad News With $7.2 Billion Earnings

Petroleo Brasileiro SA, the state-run oil producer battered by months of bad publicity from a corruption probe and asset writeoffs, reported some surprising good news.

Nuclear deal can make Iran region's 'No.1' energy power

Tehran (AFP) - A nuclear agreement will allow Iran to become the number one energy player in the Middle East and herald major opportunities for foreign companies, top government officials in Tehran said Wednesday.

Low Oil Prices Cost Exporters More Than Aid Importers, IMF Says

Tumbling crude prices will cost oil producing countries fiscal losses worth about 4 percent of their economies this year, the International Monetary Fund said, listing Venezuela and Iraq among those most severely hit.

As oil slides, Singapore oilfield service firms struggle to refinance debt

(Reuters) - Two Singapore oilfield service firms are finding it tough to refinance debt maturing later this year as the slump in crude prices has made investors and lenders hesitant, banking sources said.

Crude Trims Biggest Weekly Gain Since June on U.S. Growth

West Texas Intermediate crude fell, trimming the biggest weekly increase since June, as the U.S. economy grew less than expected in the first quarter.