OPEC Says US Oil Boom Will End This Year

OPEC says the demand for oil – its oil – will rise during 2015 because the cartel is winning its price war against US shale producers by driving them out of business.

Oil holds ground as traders search for bottom of rout

(Reuters) - Global oil prices were little changed for a second straight day on Thursday after better-than-expected U.S. jobs data helped the market hold ground after a 10 percent loss earlier in the week.

Vladimir Putin: oil price decline has been engineered by political forces

Recent tumbles in the value of oil on global markets have been the creation of politicians, Vladimir Putin, President of Russia, suggested on Thursday.

Oil price hits two-year low after Saudi price cut

Global oil prices have fallen to their lowest level in more than two years after Saudi Arabia cut its official selling price.

High global oil prices cause for concern: IEA's Maria van der Hoeven

NEW DELHI: High global oil prices are a cause of concern for the International Energy Agency, the head of the body which represents 28 importing countries said, although crude markets were better supplied than those for refined fuels.

Russian oil production hits post-Soviet record

Russian leaders have hailed their powerful energy industry as the country posted a post-Soviet record high rate of oil production that should boost coffers in uncertain global economic times.

Oil Set for First Weekly Drop Since July as Gulf Output R

Oil is heading for the first weekly decline since July in New York as producers work to restore Gulf of Mexico output and refiners prepare to resume operations after Hurricane Isaac passed.

Gulf deep drilling thrives, 18 month after BP spill

ALAMINOS CANYON, Gulf Of Mexico – Two hundred miles off the coast of Texas, ribbons of pipe are reaching for oil and natural gas deeper below the ocean's surface than ever before.