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Rule issued to police oil price manipulation
The Federal Trade Commission said Thursday it would begin policing the petroleum industry with new penalties for anyone attempting to manipulate energy prices....
Exxon, Shell post worst earnings in years
Oil giants Exxon Mobil and Royal Dutch Shell on Thursday added to the industry’s worst midyear showing in years....
Russia seals Cuba oil deal
Russia and Cuba signed agreements to search for oil in the Gulf of Mexico, and Moscow extended the island $150 million in credit for construction materials and farm machinery, state media says....
U.S. considers limits on energy trading
A key federal regulator said his agency must “seriously consider” imposing stringent limits on speculative trading of energy futures contracts, a move that would mark a major shift for the government....
Spike, then slump, in oil rattles Middle East
As oil prices rollercoastered from record highs near $150 per barrel a year ago down to $35, many pointed fingers at traditional scapegoats OPEC....
Oil industry profits expected to fall sharply
For the second straight quarter, Exxon Mobil, Royal Dutch Shell and most of the world’s largest oil companies are poised to report quarterly earnings that pale in comparison to a year ago....

