COMMODITIES

Russia and Venezuela worst hit but Saudi Arabia well positioned amid steep fall of oil revenues.

US produces about 3.5 million barrels of tight oil a day and some 9.5 trillion cubic feet of shale gas per year.

Falling oil prices could slash price British consumer pays at the pump.

Oil prices likely to hover at $65 a barrel over the next six to seven months.

Free fall in oil prices continues and Brent likely to remain at $65/barrel for next few months.

Norway's Statoil, British-owned Mosman Oil and Gas, India's ONGC Videsh among firms that bagged exploration permits.

Israel's Leviathan gas field could supply Jordan for 15 years under the deal.

Crude prices fall to around $68 a barrel on Monday.

Oil prices drop post release of Chinese monthly trade data that missed expectations.

The dollar hit a five-year high against a basket of currencies post the release of the upbeat US employment report.

Demand for dollar-denominated commodities such as gold typically weakens on a stronger greenback.

Deal follows energy reforms in Mexico that ended Pemex's decades-long monopoly.

Saudi Arabia, which refused to back Opec production cuts, steps up battle for market share.

The price of Brent crude has fallen by around 40% since June as global supplies increased.

Pipeline could be the world's longest if completed and could cost around $10bn.

A $40bn windfall from oil price decline is likely to be saved rather than spent in bid to bridge fiscal deficit.

US dollar index struck an over five-and-a-half year high on 3 December on positive US data.

Oil from Kirkuk and Kurdistan to be exported via Turkey.

Moody's lowers its pricing outlook for Brent and WTI crude oils for 2015 and 2016.

Swiss gold referendum to influence yellow metal prices next week.

Opec countries maintaining output, global demand slump, and US shale production puts pressure on the market

Moody's slashes European Brent and West Texas Intermediate outlook for 2015 and 2016.

Oil futures extended losses amid speculation that Opec will not cut output.

Failure to cut output will herald a price war that Gulf producers can withstand but Venezuela and Iran cannot.

The rating agency also changes its outlooks for three oil and gas industry sectors.

Brent crude futures have shed a third since June and hit a four-year low of $76.76 a barrel on 14 November.

China's central bank has cut interest rates in a bid to boost growth in the world's second-biggest oil consumer.

Traders to track GDP data coming in from the eurozone and from India, alongside 30 November's Swiss gold referendum.

Jordan and Israel sign memorandum of understanding over natural gas deal in September