OIL

10,863 articles

Kurdish oil player Genel Energy expecting production decline
Oct 26, 2016 (UPI)
Kurdish oil player Genel Energy said its quarterly production from northern Iraqi fields was inching lower and it was time to revisit development plans. Genel E...
Nigerian oil export pipeline attacked
Oct 25, 2016 (UPI)
The group calling itself the Niger Delta Avengers said its fighters on Tuesday took out an oil export pipeline in Nigeria operated by Chevron. "This action is t...
Baker Hughes sees recovery on the horizon
Oct 25, 2016 (UPI)
Results for the third quarter were indicative of a market under pressure, though oilfield services company Baker Hughes said recovery was on the horizon. The co...
Oil prices turn lower on supply prospects
Oct 25, 2016 (UPI)
Crude oil prices moved lower at the start of trading Tuesday as supply-side pressures endured, even after a U.S. crude oil pipeline returned to service. Oil mov...
Blame OPEC for the price at the pump
Oct 25, 2016 (UPI)
Coordinated efforts from OPEC are partially behind what would otherwise be a period of historically lower U.S. gasoline prices, market analyses find. Motor club...
Eagle Ford shale exchange looks like net win
Oct 25, 2016 (UPI)
U.S. shale player Sanchez Energy said it was optimizing its balance sheet by unloading non-core assets in one of the premier basins in Texas. For a cash conside...
Oil spill reported at key U.S. storage depot
Oct 24, 2016 (UPI)
Local media in Oklahoma reported Monday a company was working to contain a release of crude oil from near the main U.S. oil storage hub in Cushing. News9, a CBS...
Moody's sees banks recovering in Russia
Oct 24, 2016 (UPI)
Though problem loans will continue to drag on performance, Moody's said it raised its outlook on the bank system for oil-rich Russia from negative to stable. "S...
Dakota Access pipeline protests grow
Oct 24, 2016 (UPI)
Protests against the construction of the Dakota Access pipeline are endangering the safety of the public and violating federal aviation rules, authorities said....
Oil-rich Texas sees recovery ahead
Oct 24, 2016 (UPI)
Even though job growth was slower than last year, a senior economist in Texas said the recovery in crude oil prices suggested recovery was on the way. "Broad in...
Oil prices collapse amid OPEC positioning
Oct 24, 2016 (UPI)
The latest chatter over production moves from members of OPEC overshadowed small improvements in the European economy to send oil prices crashing early Monday. ...
U.S. importing more oil for the first time since 2010
Oct 21, 2016 (UPI)
The U.S. Energy Department said it expected more crude oil will enter the country from foreign countries in part because U.S. oil was less cost effective. Durin...
Crude oil prices mixed along with market signals
Oct 21, 2016 (UPI)
Crude oil prices moved in mixed territory in early Friday trading as claims over global market share competed against market predictions from the World Bank. Cr...
Shell unloads Canadian acreage for $1 billion
Oct 21, 2016 (UPI)
The Canadian subsidiary of Royal Dutch Shell said it was shedding some of its assets in the country for $1 billion in an effort to build shareholder value. Shel...
Russia won't keep low oil profile
Oct 21, 2016 (UPI)
Russia is not going to keep a low profile in the global battle for a stronger presence in the oil market, the head of oil company Rosneft said. The Organization...
Europe breaking Russia's energy grip on Finland
Oct 21, 2016 (UPI)
The signing of an investment deal for a Baltic gas pipeline is the first step in breaking Russia's grip on Finland's energy sector, a European official said. Eu...
Schlumberger welcomes the return to balance
Oct 21, 2016 (UPI)
Echoing sentiments from some of its customers, oilfield services company Schlumberger said the oil market is in balance and recovery is on the way. "After calli...
Libyan oil is a 'red herring', economist says
Oct 20, 2016 (UPI)
There are too many risk factors at play to express any sense of real optimism about a full market return for Libya's oil, the Royal Bank of Canada said. In a we...
Things are looking good, Woodside Petroleum says
Oct 20, 2016 (UPI)
Deals emerging since the start of a rough year were a net positive for Australian energy company Woodside, which offered good output and financial results. "We ...
Yemen too violent for energy work
Oct 20, 2016 (UPI)
Despite a brief halt to the fighting, the security situation in Yemen is too volatile to return to production, Austrian energy company OMV said. U.S. Secretary ...
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