OPEC, for some quiet moments..

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His Saudi counterpart, Khalid Al-Falih, said at a joint news briefing in Astana, Kazakhstan, that inventories were declining worldwide and reductions would accelerate in the next three to four months. Inventories will settle to their five-year historical average -- OPEC’s target -- before the end of the year, though Saudi Arabia, the group’s biggest producer, may modify its policy if output cuts don’t have the desired effect, he said.

Russia, Saudis see oil inventories falling after price drop

A boom in natural gas exports from the U.S. Gulf Coast is raising the prospect of traffic jams at one of America’s busiest ports. Weather delays from fog and storms are nothing new at the Houston Ship Channel, which links the prolific oil and gas fields of Texas and Louisiana to the rest of the world. But as more cargoes of liquefied natural gas and petrochemicals head across the globe from newly built plants, the tanker bottlenecks are poised to get worse, according to Poten & Partners.

Gas boom snarling traffic at one of America's busiest ports

Investors are pulling money out of exchange-traded funds tracking oil producers for the first time in two years, reversing a pattern in which price declines were invariably met with buying. Capitulation is in the air as energy stocks post the worst start of a year on record relative to the market. The industry’s weighting in the S&P 500 Index has dwindled to the smallest since 2004.

Once stalwart oil stock bulls starting to say enough is enough

Iran signed an agreement with Russia under which it has broken free from the petrodollar, and will "sell", or rather barter crude oil to Russia in exchange for products. The announcement was made by Iran’s Oil Minister Bijan Zanganeh, as reported by Russia’s RIA and TASS news agencies.

Iran Signs Oil For Goods Deal With Russia: Breaks Free Of Petrodollar | OilPrice.com