ReutersGlobal stocks, oil rally on hopes of crude output cutReutersBets that oil exporters could reduce production helped scale back some demand for low-risk yen and U.S. and German government debt, but it remained unclear whether a deal could be reached a …

ReutersChina rout and oil gloom put markets back on the rackReutersLONDON World markets were back in sell-off mode on Tuesday as a 6 percent slump in Chinese shares following more weak data there and oil's slide below $30 a barrel again led to a renewe …

ReutersChina rout, oil gloom deepen losses in Asian sharesReutersOil prices have fallen more than 75 percent from their 2012 peaks as global output was boosted by U.S. shale oil production and demand growth turned tepid, partially caused by the Chinese eco …

New York TimesRussians' Anxiety Swells as Oil Prices CollapseNew York TimesThe last time oil prices dropped so low and stayed there, in the 1980s, the Soviet Union disintegrated. Steadily rising prices since 2000 have lifted Russia out of poverty and e …

CNNMoneyRed flag: Oil company defaults are spikingCNNMoneyExperts say there are a lot of parallels between today's crisis and the last oil crash in 1986. Back then, 27% of exploration and production companies went bust. Defaults are skyrocketing again. …

Eyewitness NewsRPT-How the oil collapse stole Russia's ChristmasReutersLONDON/MOSCOW Jan 10 A plunge in the oil price to 12-year lows during Russia's New Year and Orthodox Christmas break means the country returns to work on Monday with its economi …

NorthJersey.comBig questions for NJ on crude oil exportsNorthJersey.comAfter the oil industry won a victory by persuading Congress to end a 40-year-old ban on the export of crude, it is far from clear what the impact will be on oil-filled tanker trains tra …

Oman to slash subsidies as low oil prices squeeze budgetReutersOman has long provided lavish welfare benefits to its citizens, but like other Gulf countries, it is being forced by shrunken oil revenues to scale those back. The government forecasts a defici …

Industry demands reduction in duty on high oil-content oilseedsEconomic TimesPUNE: The Solvent Extractors Association, which represents oilseeds processors, has requested reduction in import duty on high oil-content oilseeds like rapeseed/mustard (Canola) …

ReutersReid saw chance to tick off wish list in budget oil dealReutersIt had become apparent to Senate Democratic Majority Leader Reid that lifting the longstanding ban on U.S. oil exports was the Republicans' top priority as the two sides tried to fin …