Oil

The chief executive of French oil major Total, Christophe de Margerie, was killed when his private jet collided with a snow plow as it was taking off from Moscow's Vnukovo airport on Monday night.

Few geopolitical weapons can undo despots or authoritarian government quite like an oil price plunge. Case in point: The Soviet Union, where power increased when oil and gas prices rose.

Nelson Bunker Hunt, the Texas oilman once considered the world's richest man before his fortunes were undone by Muammar Gaddafi and his own epic overreaching in the silver market, died on Tuesday at age 88.

OPEC agreed to renew its oil production cap of 30 million barrels a day for the first half of 2014, as oil prices remain well above the cartel’s threshold.

The company agreed to sell a stake in an East Africa natural-gas field to a subsidiary of India’s Oil & Natural Gas Corp. for $2.64B in cash.

Commodity traders relying on weekly government energy stats will fly blind as the fiscal impasse in Washington lingers.

Chevron's third-quarter earnings were down 5.8%, as lower refining margins dampened the company’s downstream profits.

Egypt may not be a big energy producer, but disruptions to the country's key energy transit routes could have wide ripple effects.

The company, which will include some transportation assets of refining and marketing company Phillips 66, plans an IPO of up to $315 million.

The U.S. shale oil boom will likely cut into OPEC’s share of the world market in 2014 even as world demand grows at its fastest clip in four years.

Oil prices jumped 3% on Monday after China moved to boost its slowing economy and Saudi Arabia pledged to work with other crude producers to limit market volatility, developments that fed hopes the oil selloff would end.

The price of oil has collapsed 77% since its record high in the summer of 2008, and the once resilient U.S. energy industry is showing intense signs of strain.

Oil prices fell on Friday as investors cashed out big weekly profits after a rally driven by disruptions to crude supplies and Wall Street's gains from U.S. economic data.

U.S. crude is higher by more than 1% as prices reversed early losses on Friday, with Brent on track for its first weekly gain in a month.

Crude oil futures jumped 3 percent on Thursday, reversing earlier loses after confirmation of a meeting of major producers and news of project delays and job cuts in the industry.

Oilfield services provider Halliburton Co, pressured by a prolonged slump in crude oil prices, will further slash its workforce by about 8%, or by 5,000 jobs.