Oil rose toward $55 a barrel on Thursday, recovering from part of the previous session's slide after China took steps to pour liquidity into the world's second-biggest economy, although traders and analysts said oil's outlook looked weak.
Sectors
In oil price war, Gulf producers grab market share in Asia
Saudi Arabia's move to slash the price it charges in Asia for its oil this week to the lowest in more than a decade is the latest aggressive action by Gulf states to defend market share in the world's top oil consuming region.
Union rejects sixth refinery offer from Shell; talks next week
Union leaders rejected a sixth contract offer Royal Dutch Shell Plc made to U.S. refinery workers, and a pause in negotiations was called Thursday on the fifth day of a strike, though talks are set to resume next week.
Oil extends rally, but swelling inventory drags
Crude oil prices rose as much as $1 on Friday, continuing a rebound from near six-year lows plumbed last week, but rising global inventories and steady OPEC supply will likely cap gains.
Global climate deal should not hamper individual countries' economic growth: France
A global deal to curb carbon emissions must recognize each country's right to develop, France's foreign minister said in New Delhi on Thursday, as the host of this year's U.N. climate change talks seeks to win India's backing for a global deal.
Latest News
Oil prices rose on Thursday, rallying a little after big losses in the previous session, after China took steps to pour fresh liquidity into the world's second-biggest economy to spur activity.
China is taking aim again at foreign luxury car makers such as Audi (NSUG.DE), BMW (BMWG.DE) and Mercedes-Benz (DAIGn.DE) by allowing unauthorized dealers to sell imported cars - so-called 'parallel imports' - in a move to rein in high-end car prices.
Health insurer Anthem Inc said hackers broke into a database containing personal information on about 80 million of its customers and employees, the Wall Street Journal reported.
Russia's top oil producer Rosneft is basing its budget for this year on an average oil price of $50 per barrel, the company's Chief Executive Officer Igor Sechin said on Wednesday.
The UN's aviation agency wants to open a new route for commercial aircraft in international airspace over the Black Sea that will be managed by Ukraine and without "interference" from Russia, the agency's secretary-general said.
Oil prices crashed on Wednesday, with U.S. crude losing 9 percent in one of its biggest daily routs ever, as record high oil inventories in the United States cut short a four-day rally.
Eastern Canada has joined a race to export North America's vast natural gas riches to energy-hungry markets overseas, with four projects betting the far-flung Atlantic provinces will be the easiest route to Europe and India.
Japan's Sony Corp (6758.T) said its net annual loss will likely be smaller than previously forecast after cost cuts and strong sales of its image sensors and PlayStation video game consoles helped its third-quarter profit beat estimates.
Toyota Motor Corp lifted its operating profit guidance on Wednesday in a widely expected move, as a weaker yen increases the value of sales overseas and makes up for slumping demand at home.
