A strong Dubai price in a weak oil market has created a dilemma for top oil exporter Saudi Arabia as it works out official monthly selling prices for December.

French oil major Total SA is well placed to weather the recent oil-price volatility, with new production scheduled to come on stream over the next two years set to bolster the company, its new Chief Executive Patrick Pouyanné told a London industry conference Thursday.

OPEC Head Tells Oil Market to Stop Panicking About Prices

Oil prices climb but stay below earlier 2014 levels

Crude Falls on Federal Reserve Stimulus Halt, U.S. Supply

PetroChina, the nation’s biggest explorer, posted its lowest profit in eight quarters yesterday, while Cnooc Ltd., which only reports quarterly sales, saw a decline of 4.6 percent.

Royal Dutch Shell Posts Rise in Profit

When energy analysts and the media discuss the price of crude oil, they are typically referring to one of a small group of specific types of crude oil that are widely and actively bought and sold. The use of such benchmark crudes makes it easier for buyers and sellers to price the variety of crudes that are produced around the world.

Light, Sweet Crude for December Delivery Rose 42 cents, to $81.42 a Barrel

Mexico is poised to redraft part of next year’s federal budget after a steep fall in oil prices upended the country’s revenue assumptions.