November 2014

Saudi Arabia’s oil minister broke months of silence on Wednesday to speak publicly about the Gulf nation’s stance on the oil market and dismiss claims that it had triggered a “price war”.

EIA: OPEC’s actions bring huge uncertainty on crude oil price forecast

Russia gas flows still frozen; Ukraine banks on mild weather to hold out

OPEC Says Output Fell Sharply Amid Saudi Arabia Reduction

Investment in US shale oilfields will fall by a tenth next year – and result in a decline in production – if the oil price continues to trade around $80 a barrel, the world’s energy watchdog has warned.

Oil tumbles to four-year low below $79, awaits OPEC

Africa oil industry refocuses priorities as price falls and setbacks bedevil groups

Russia's Gazprom put 2015 investments at $18 bln

With less than three weeks to go before OPEC meets in Vienna and the selloff in oil showing few signs of letting up, speculation is mounting the group will take action to try to stem the decline.

A growing list of delayed or cancelled projects, seen by some investors as a healthy move by majors to rein in capital spend after a poor history of returns is working its way through corporate earnings; it has already pummelled the share price of some European suppliers seen as financially fragile.