Al-ArabiyaSudan lifts three oil product subsidiesAl-Arabiya“The government's withdrawal of subsidies came at an appropriate time when global prices have fallen in an unprecedented way,” SUNA quoted Finance Minister Badreldien Mahmoud as saying in a mee …

BBC NewsOil prices in reverse amid Opec callBBC NewsOil prices tumbled again on Monday, eroding last week's gains, as Opec called for co-operation from oil-producing nations outside the cartel. Brent crude fell 3% to $31.25 a barrel following a 10% sur …

MarketWatchHere's how that temporary turnaround for oil could play outMarketWatchTraders are “selling the bounce” on oil and building back their positions “on the view that we will have another lower low as compared with the previous one,” said Naeem A …

BBC NewsRussian economy hit by oil price slideBBC NewsWilliam Jackson, an economist at Capital Economics, said: "While the worst of Russia's crisis has now passed, the economy is still extremely weak. The latest fall in oil prices and drop in the …

NPRHomeowners Who Played The Odds On Oil Heating Costs Lose OutNPRMost Americans heat their homes with natural gas — except in the Northeast, where residents are much more likely to use oil. Many homeowners are smiling this winter, because fuel prices are …

Is Oil Heading For $20 or $40?ForbesIf last week can be any guide, things can go either way – quickly, very quickly – for the price of oil. Early in the week, oil crossed the $30 mark, and it looked like it was headed for the $20s. Later on in the week, it …

Business InsiderThe oil crash is crushing Houston's housing marketBusiness InsiderThe oil crash has hit Houston, Texas so hard that virtually nobody wants to buy a house there anymore. A report from Wall Street Journal on Monday examined how sellers ar …

US Lifts The Ban On Crude Oil Exports: When Might It Matter For Producers?ForbesIn September I wrote that although momentum to change the US's export policy on crude oil was growing, lifting the ban seemed like a pipe dream (pardon the pun), given the …

NPRAlaska Faces Budget Deficit As Crude Oil Prices SlideNPRFor decades, Alaska has relied on oil to pay its bills. In recent years, up to 90 percent of state spending came from oil revenue. With crude prices at a 12-year low, the state faces at least a $3. …

ForbesThe Future Of Crude Oil Futures VolatilityForbesThe problem with both of these explanations is that no one can describe with sufficient certainty the causal relationship between current crude oil inventories or future Chinese consumption and the futu …