"Oil Rises After Saudi Arabia Announces Plans to Lower Output Next Month"
Crude oil rose for the first time in six days in New York after Saudi Arabia said it will make deeper supply cuts than announced to bolster prices....Complete Story
"Naimi Says Saudi Arabia Will Produce Less Than Its OPEC Quota in February"
Saudi Arabia, the world’s largest oil exporter, said it will take the lead among OPEC oil producers in trying to halt a six-month slide in prices....Complete Story
"Petrobras to Spend $4 Billion by 2012 to Cut Sulfur Content in Diesel Fuel"
Petroleo Brasileiro SA, Brazil’s state-controlled oil company, will spend $4 billion by the end of 2012 to reduce sulfur in diesel, the country’s most-used fuel....Complete Story
"Libya Gains $5.4B from Altering Oil Deals"
Libya has earned $5.4 billion in additional oil revenues from changes of contracts with four foreign companies last year....Complete Story
"EIA Predicts 'Fairly Loose Oil Market' over Next 2 Years"
The U.S. on Tuesday forecast that crude oil markets will stay "fairly loose" over the next two years, noting that OPEC will have difficulty implementing pledged crude output cuts....Complete Story
