Total announces significant gas and condensate discovery off the coast of Brunei
Total SA said Monday that it made a significant gas and condensate discovery in Block B off the coast of Brunei.
The French oil and gas company operates the block with a 37.5 percent interest in association with Shell Deepwater Borneo Ltd. and local partners.
Total [...]

By Gavin Evans
Nov. 3 (Bloomberg) — Crude oil rose for a second day in New York on speculation fuel demand will increase after the U.S., India and China cut interest rates to prop up economic growth.
The Reserve Bank of India on Nov. 1 lowered its benchmark repurchase rate for the second time in two weeks, [...]

Australia’s biggest oil refiner, Caltex Australia, says the unprecedented fall of the Australian dollar and crude prices have impacted its full year 2008 earnings outlook.
“The huge fall in the value of the Australian dollar will negatively impact RCOP (replacement cost of sales operating profit) by approximately $200 million after tax due to the realised losses [...]

Associated Press
Retail gasoline prices in Texas apparently haven’t reached bottom yet this week.
The weekly AAA Texas gasoline price survey released Thursday finds that self-serve regular fell 29 cents per gallon this week to an average of $2.31 per gallon. That’s 47 cents cheaper than a year ago. Nationally, regular self-serve fell 28 cents to an [...]

* Q3 EPS beats Wall St estimates
* Says hard to gauge price environment
* Stock up 3 pct post-bell after losing 3.6 pct during day (Updates with estimates, CEO comments, background)
SAN FRANCISCO, Oct 30 (Reuters) - Coal miner Massey Energy Co (MEE.N: Quote, Profile, Research, Stock Buzz) said its quarterly profit surged on strong export [...]

By Joe Carroll
Oct. 30 (Bloomberg) — Exxon Mobil Corp., the world’s biggest oil company, said third-quarter profit jumped 58 percent, exceeding analyst estimates, as record crude prices made up for the largest drop in output in at least a decade.
Net income rose to $14.8 billion, or $2.86 a share, from $9.41 billion, or $1.70, [...]

By Mark Shenk
Oct. 27 (Bloomberg) — Crude oil fell to a 17-month low in New York as plunging stock markets heightened concern that a global recession will slash fuel consumption.
Oil, copper and gold led a drop in commodities, heading for the worst month in at least 38 years, on signs raw-material demand will decline. [...]

By Matthew Walter and Steven Bodzin
Oct. 27 (Bloomberg) — The same tumbling oil prices that led OPEC to slash output last week threaten to send Venezuela’s economy into a tailspin, and put an end to President Hugo Chavez’s ambitions to expand his socialist revolution at home and abroad.
To cope with plummeting oil revenue, the [...]

Oil prices plunged on Friday despite a hefty cut in production from the Organisation of Petroleum Exporting Countries (OPEC) as global recession fears heightened concerns about declining energy demand.
In intraday trade the New York futures contract hit $US62.65 and Brent touched $US61.00, their lowest levels since May 2007.
New York’s main contract, light sweet crude for [...]

Report shows that prices declined to $2.781 as Americans drive less.
By Lara Moscrip, CNNMoney.com contributing writer
NEW YORK (CNNMoney.com) — Gasoline prices fell overnight, settling to prices not seen since this time last year, a survey for the American Automobile Association showed Friday.
The national average price for a gallon of regular gas fell to $2.781 a [...]