OPEC, for some quiet moments..

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Oil plunged the most since November, ending the biggest rally in six years, as a U.S. supply glut worsened. The U.S. benchmark slumped as much as 9.4%. Crude stockpiles climbed 6.33 MMbbl in the week ended Jan. 30 to the highest level since Energy Information Administration weekly data started in 1982.

Oil’s biggest rally since 2009 stalls as U.S. supply glut grows

Abu Dhabi, the desert emirate holding about 6% of the world’s oil, cut export prices for its crude for the seventh consecutive month and to the lowest since 2009 amid a global price slump. Murban crude, its main grade, sold in January for $46.40/bbl, or 23% below December’s level, according to an emailed statement from Abu Dhabi National Oil Co. Murban hasn’t sold for less since February 2009, data compiled by Bloomberg show.

Abu Dhabi cuts oil prices to six-year lows amid global rout

The fall in oil prices has set the tone for a challenging 2015, says Wood Mackenzie, which will affect E&P activity across Asia Pacific’s (APAC) entire upstream sector. Gero Farruggio, Head of APAC Upstream Research, says, “Even with challenges, we expect an eventful year with several positive developments on the political and fiscal front. These will not only act to soften the blow but renew interest in upstream exploration in the region.”

Asia Pacific set for renewed interest in exploration, Wood Mackenzie says

We're getting some clarity now on oil and how things will unfold. It looks like the companies with the most commodity exposure and the weakest balance sheets are going to be able to get by with some joint ventures like the one Linn Energy  (LINE) did with Blackstone's  (BX) GSO unit -- where for $500 million the finance guy gets the upside -- or the one Continental Resources'  (CLR) Harold Hamm did with Rich Kinder, where for $3 billion Kinder Morgan  (KMI) got the best pipe out of the Bakken.

Jim Cramer on the Markets: Picture Is Getting Clearer on Oil - TheStreet

Investors should be on the lookout for energy stocks, according to Morgan Stanley's chief market strategist. Adam Parker told CNBC's "Squawk on the Street" on Friday that the time to buy energy stocks is now. "Energy stocks are cyclical," he said. "All seven times they've gone down this much in the past, they've subsequently outperformed six months later."

Why you should buy energy stocks now: Expert