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Oil gathering station

EU considers capital markets curbs among new Russia sanctions

New European Union sanctions against Russia could include further capital markets restrictions, making it harder for Russian companies to refinance themselves and possibly affecting Russian sovereign bonds, EU officials said on Wednesday.

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Oilfield

New Saudi king seen holding line on OPEC policy to keep oil output high

Saudi Arabia's new king is expected to continue a policy of keeping oil output steady to drive out rival producers, though the royal succession has focused market attention on the future of the kingdom's long-serving oil minister.

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Tokyo

Asia shares rise after commodities rebound, dollar regains ground

Asian stocks mostly edged up on Thursday after a significant rebound in oil and copper prices brought a semblance of calm, while the dollar regained ground lost on disappointing U.S. retail sales.

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Russian rouble banknotes and kopeck coins

Fitch cuts rating on Russia to 'BBB minus'

Fitch Ratings cut its rating on Russia to 'BBB minus' from 'BBB', citing significant deterioration in the country's economic outlook due to the slump in oil prices and falling value of the rouble.

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Gas station

Oil hits April 2009 low, then pares loss on U.S. oil rig data

Global oil markets resumed their slide on Friday, with Brent and U.S. crude hitting April 2009 lows and ending down for a seventh straight week, although prices recovered from their lows after a sharp drop in the U.S. oil rig count.

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Oil pump

Russia oil output hits post-Soviet high, small firms help

Russia's 2014 oil output hit a post-Soviet record high average of 10.58 million barrels per day (bpd), rising by 0.7 percent helped by small non-state producers, Energy Ministry data showed on Friday.

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Crude Oil

Oil prices climb on Libya supply worries

Oil prices rose on Monday, after dropping for the past two sessions, as escalating clashes in Libya stoked worries about supply from the OPEC member.

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Factory worker

China's November industrial profits suffer sharpest fall in 27 months

Chinese industrial profits dropped 4.2 percent in November to 676.12 billion yuan ($108.85 billion), official data showed on Saturday, the biggest annual decline since August 2012 as the economy hit major unexpected headwinds in the second half.

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Oil well

Oil edges above $60 as Libyan output slumps

Oil edged above $60 a barrel on Friday as unrest in Libya cut supplies, offsetting a growing supply glut in top consumer the United States and weak imports by Japan.

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Delta airlines office

U.S. airlines confront cheap oil's flip side: costly hedges

Some major U.S. airlines including Delta and Southwest are rushing to finance losing bets on oil and revamp fuel hedges as tumbling crude prices leave them with billions of dollars in losses, according to people familiar with the hedging schemes.

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Refinery

Oil shock to tilt Mexico energy opening in private sector's favor

The allure of investing in Mexico's historic oil sector opening has been dimmed by the plummeting price of crude, putting pressure on the government to offer bigger incentives to private investors in the first major round of contracts up for grabs.

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Wall Street sign

Oil, stocks go their separate ways

Investors have wrung their hands over the last several weeks over the effect of lower oil prices on the broader S&P 500, but the relationship between the two is actually starting to break down.

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NYSE

European stocks set for biggest weekly gain of 2014

World markets are ending their last full week of 2014 on a high, as Wall Street made its biggest two-day advance since late 2011 and European shares headed for their strongest week of the year.

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Royal Dutch Shell

Shell sells parts of Norwegian downstream business to Finland's ST1

Oil major Shell (RDSa.L) said on Thursday it had sold parts of its Norwegian downstream business to Finnish fuel firm ST1 for an undisclosed sum, further divesting parts of its downstream activities.

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Protest against fracking

New York bans fracking after health report

New York state will ban hydraulic fracturing after a long-awaited report concluded that the oil and gas extraction method poses health risks, Governor Andrew Cuomo's administration said on Wednesday.

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