CRUDE OIL

Arckaringa Basin could be sitting on the equivalent of anywhere between 3.5 billion and 233 billion barrels of oil.

The U.S. crude oil production boom could mean not just the end of OPEC oil imports, but a strategic threat to China's growing economy.

U.S. drivers are entering an era of cheaper gasoline, thanks to a host of factors, including the expansion of the Seaway pipeline.

Iran's oil minister admitted that the country's revenues are taking a beating, but remained defiant in the face of a weakened economy.

Iran desperately needs customers for its huge oil/gas industries; the Saudis will likely try to persuade Pakistan to cancel the deal.

Two BP rig supervisors and a former executive pleaded not guilty Wednesday to criminal charges, and the U.S. government banned BP from new federal contracts.

President Barack Obama has also pledged to eliminate U.S. dependence on imported oil.

As always, here's your handy clip-and-save earnings-report calendar for the coming week.

Asian stock markets advanced Thursday as better-than-expected economic reports from the U.S. buoyed sentiment.

FedEx's forecast cut, signs of stagnation in Germany, drops in oil price and looming political tensions spell trouble for the global economy.

Asian shares retreated from four-month highs Tuesday as markets paused from last week's rallies, calculating the impact on growth from the Federal Reserve's aggressive stimulus and eyeing whether Spain will request a bailout to ease its fiscal strains.

Crude oil prices advanced in Asian trading Friday, extending overnight rally after the U.S. Federal Reserve launched another round of quantitative easing to rejuvenate the economic growth.

Market bulls charged on Wednesday -- running U.S. stock futures, European stocks, the euro, oil and gold higher -- in the wake of a German court ruling that backs the country's participation in the euro zone's new bailout fund created to prevent the weakest euro economies from going bust. However, some economists warn that it's too early to sound the all-clear on the fate of the single currency bloc.

Crude oil futures slightly declined Monday as weak economic reports from the U.S. and China weighed on the sentiment.

TransCanada submits a new route for its proposed Keystone XL Pipeline that skirts ecologically sensitive areas in Nebraska. A State Department decision is expected early next year.

A new report from Citigroup says that Saudi Arabia, the world's eighth-largest exporter of oil, could become an oil importer by 2030.

Crude oil futures declined Wednesday as weak manufacturing reports from the U.S. and China raised concerns of a further global slowdown.

During the holiday week, economy-watchers are likely to focus on Friday's August nonfarm payrolls report and the European Central Bank’s governing council meeting, on Sept. 6.

Crude oil prices declined in Asia Monday as sentiment was dampened after reports indicated a sharp slowdown in the Chinese manufacturing activity in August.

The Hurricane Isaac-related shutdown of at least four U.S. oil refineries and an explosion at a major refinery in Venezuela -- the fourth-largest provider of oil to the U.S. -- could lead to oil prices rising as supply falls.

Asian shares hit a one-month low on growth concerns Thursday as investors await indications of further U.S. stimulus from the U.S. Federal Reserve Chairman Ben Bernanke’s on Friday. Meanwhile, the major currencies were range-bound.