BloombergSaudi Arabia plans $2-trillion megafund for post-oil eraEconomic TimesAs part of that strategy, the prince said Saudi will sell shares in Aramco's parent company and transform the oil giant into an industrial conglomerate. The initial public o …

FuelFix (blog)US oil trades at $40FuelFix (blog)West Texas Intermediate oil has surged about 50 percent since slumping to a 12-year low last month on speculation a global surplus will ease. American shale output is falling and some of the world's bigge …

CNNMoneyCheap oil hits Middle East budgets: We can no longer 'provide for everything'CNNMoneyRobin Mills, CEO of oil consultancy Qamar Energy, said the move triggered a domino effect. "Once one country feels able to take the step of removing s …

CNNMoney5 countries crushed by oil price collapseCNNMoneyOil has collapsed below $37 a barrel, compared to over $100 in mid-2014. Global oil glut, OPEC's determination to pump like there is no tomorrow, and slowing demand from China and other countries …

Woodside mum on Oil Search sweetenerBusiness SpectatorThe likelihood of Woodside Petroleum sweetening its Oil Search offer in the near future is weakening, even though Papua New Guinea Prime Minister Peter O'Neill indicated he would not stand in the wa …

Russian Oil Producers Head for Tax Showdown Amid Output WarningsBloombergRussia's oil industry begins a critical battle over taxes this week. Losing may result in the first decline in crude production at the world's largest energy exporter since 20 …

MarketWatchOil retreats from year's high, settles 1% lowerMarketWatchOil futures settled with a loss of 1% on Thursday, as a stronger dollar helped fuel a pullback in the U.S. benchmark from its highest level of the year. Traders assessed a report Thur …

The GuardianBlow to aim of Scotland fiscal autonomy as North Sea oil tax forecast slashedThe GuardianScottish Labour's deputy leader, Kezia Dugdale, said that making Scotland totally dependent on taxes raised within the country – the central purpose of …

Wall Street Journal (blog)The US Trade Deficit Excluding Oil Hit a Record High. Here's Why It MattersWall Street Journal (blog)Oil's share of the trade deficit has fallen as domestic production expanded and prices plummeted. If prices rise, cheap o …

Toronto StarOttawa faces deficit with low oil prices, budget watchdog saysToronto StarLiberal Leader Justin Trudeau hammered the Tories for their reaction to plummeting oil prices as the House of Commons resumed Monday. But Finance Minister Joe Oliver says …