OIL

10,863 articles

Iran boasts of economic break from oil
Apr 17, 2017 (UPI)
Ali Khamenei, the ruling cleric in Iran, has called for a so-called resistance economy, one that limits exposure to international market shocks and sanctions pr...
Army declares loyalty to Maduro as Venezuela braces for giant demo
Apr 17, 2017 (AFP)
Venezuela is bracing for what Maduro's opponents vow will be the "mother of all protests" Wednesday, after two weeks of clashes between police and demonstrators...
Anticipating hazards from fracking-induced earthquakes in Canada and US
Apr 13, 2017 (SPX)
Hydraulic fracturing, or fracking, is a method of hydrocarbon recovery that uses high-pressure injections of fluid to break apart rock and release trapped oil a...
Florida lawmaker fending off calls for oil and gas drilling
Apr 12, 2017 (UPI)
Industry groups like the American Petroleum Institute have praised executive orders from President Donald Trump that favor the oil and gas industry. With change...
Russia plans to cut oil output by 300,000 barrels per day
Apr 12, 2017 (UPI)
"Our plans have not changed -- by the end of the month we will reduce daily reduction of oil output of 300,000 barrels," Russian Energy Minister Alexander Novak...
Oil prices relatively flat after mixed report on supply and demand
Apr 12, 2017 (UPI)
Crude oil prices started the day Wednesday in positive territory, setting the stage for a steady string of gains. The rally evaporated quickly after the U.S. En...
No end in sight for rally on crude oil prices
Apr 12, 2017 (UPI)
Crude oil prices have been in rally mode for several consecutive sessions and the price for Brent crude oil is up about 12 percent from one month ago. The marke...
Thanks, but no thanks, BHP Billiton tells hedge fund
Apr 12, 2017 (UPI)
In a letter made public on Monday, managers at hedge fund Elliot Associates and Elliot International, which hold minor shares in BHP Billiton, called on the Aus...
Norwegian company Aker BP posts production gains
Apr 12, 2017 (UPI)
The company reported first quarter production of 145.3 million barrels of oil equivalent per day, an increase of 14.8 percent from the previous quarter. Most of...
Shell claims low-carbon edge
Apr 12, 2017 (UPI)
Shell highlighted its movement through a changing energy landscape in a sustainability report on activities last year. Chief Executive Officer Ben van Buerden s...
Gas prices up on geopolitical tensions, end of winter
Apr 11, 2017 (UPI)
A steady rise in crude oil prices and maintenance at the nation's refineries means steady pain at the pump for U.S. motorists, motor club AAA reports. AAA lists...
Russia stands by OPEC oil production commitments
Apr 11, 2017 (UPI)
Russia will be 100 percent in compliance with the terms of a production deal coordinated by OPEC by the end of the month, Russia's oil minister said. Russia is ...
Weak start for oil prices ahead of data dump
Apr 11, 2017 (UPI)
Oil prices limped into the trading day early Tuesday after steady gains as investors took stock of the latest supply and demand trends. Signals of a tighter mar...
Potential grows for reserves offshore Norway
Apr 11, 2017 (UPI)
The results of an appraisal well in the Edvard Grieg oilfield in Norwegian waters could lead to an increase in the overall reserve estimate, a company said. Lun...
Libya estimates field closure costing $9.8 million per day
Apr 11, 2017 (UPI)
The closure of one of the largest oil fields in Libya means a loss of about $9.8 million and the outage of huge volumes of oil, a national oil company said. Lib...
Production down, sales up for Russian gas producer
Apr 11, 2017 (UPI)
Novatek, the largest private natural gas producer in Russia, said first quarter gas production was down nearly 10 percent from last year. The company reported p...
Russia tapping deeper into Arctic oil basin
Apr 10, 2017 (UPI)
The company said it finished the well in part of the Novoportovskoye field. The new prospect is currently at a rate considered commercial and "is expected to de...
As Moscow expands, property boom sparks local ire
Apr 10, 2017 (UPI)
Now determined locals are fighting back to stop the developers in their tracks and preserve the environment, local heritage and their homes. And with some succe...
China, Myanmar ink oil pipeline deal
Apr 10, 2017 (AFP)
China and Myanmar agreed a deal on a crude oil pipeline between the neighbouring countries as part of a raft of agreements signed when their leaders met Monday ...
OMV sees Libya as a natural fit
Apr 10, 2017 (UPI)
Libya fits in well with a strategy of capitalizing on mature onshore oil basins and service to European energy needs, the head of Austria's OMV said. Representa...
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