OIL

10,863 articles

No issues found at one of Norway's biggest oil fields
Jun 28, 2018 (UPI)
Norwegian energy company Equinor, formerly named Statoil, installed a 22,000-ton component of one of the platforms for the infrastructure necessary to pull oil ...
Russia a pivotal player in OPEC-led market stabilization effort
Jun 28, 2018 (UPI)
Russian Energy Minister Alexander Novak sits on a committee monitoring compliance for an effort steered by the Organization of Petroleum Exporting Countries to ...
Rally in oil prices loses steam after revision to U.S. GDP
Jun 28, 2018 (UPI)
Crude oil prices have spiked sharply this week amid concerns about chronic production challenges in Venezuela, national security issues in the Libyan oil belt a...
U.N. concerned about control of Libyan oil assets
Jun 28, 2018 (UPI)
Libya's National Oil Corp. rejected a move this week by the Libyan National Army to move on exports from the Gulf of Sirte. The move followed militant raids on ...
Dallas Fed survey sees U.S. oil in the mid $60 per barrel range
Jun 28, 2018 (UPI)
The Dallas Fed surveyed representatives from 137 energy firms between June 13 and June 21. Respondents were asked about their expectations about the price for W...
Spain's Repsol said it's now a major market player
Jun 28, 2018 (UPI)
Repsol announced this week it would acquire the low-emissions electricity assets from rival Viesgo for about $870 million. The company said the transaction supp...
German poll reveals a trust deficit for U.S. energy
Jun 27, 2018 (UPI)
Washington D.C. hosts this year's regular World Gas Conference at a time when the United States is developing as a lead oil and natural gas producer and exporte...
GE split isn't about Baker Hughes
Jun 27, 2018 (UPI)
GE announced Tuesday it was planning to shed its 62.5 percent stake in Baker Hughes, a company that provides services for exploration and production in the ener...
Energy firms rise with oil prices but Asia investors uncertain
Jun 27, 2018 (AFP)
Both main crude contracts piled higher after the State Department warned US allies they would be hit with sanctions if they did not halt Iran oil purchases by N...
After OPEC decision, Russia expresses economic optimism
Jun 27, 2018 (UPI)
Russian Energy Minister Alexander Novak sat next to his Saudi counterpart, Khalid al-Falih, at a regular meeting for the Organization of Petroleum Exporting Cou...
Iran says it's tough to erase 2 million barrels of oil from the market
Jun 27, 2018 (UPI)
U.S. President Donald Trump pulled his country out of the U.N.-backed nuclear agreement that gave Iran sanctions relief in exchange for commitments to scale bac...
Germany's E.ON starts new chapter
Jun 26, 2018 (UPI)
The German company received about $4.4 billion after completing the September-announced sale of its 46.65 percent in Uniper to the Finnish corporation. Johannes...
French energy company ENGIE sidesteps takeover questions
Jun 26, 2018 (UPI)
Bloomberg News, citing sources with knowledge of the issue, reported Monday that the French energy company was considering a takeover of the Portuguese segment ...
Natural gas is giving oil a run for its money
Jun 26, 2018 (UPI)
DNV GL, a Norwegian company providing risk management advice, said a survey of 813 senior oil and gas professionals revealed 64 percent of the sector leaders ex...
More oil found off the coast of OPEC-member Angola
Jun 26, 2018 (UPI)
Eni discovered oil in its Kalimba prospect offshore Angola. The company said the discovery holds between 230 million and 300 million barrels of oil. "Angola is ...
Oil prices up slightly, balanced by Libyan risk and trade
Jun 26, 2018 (UPI)
Libya's National Oil Corp. said Tuesday there were concerns about oil exports with military action on ports. Derek Brower, the head of research at risk consulta...
Oil takes center stage in Libyan conflict
Jun 26, 2018 (UPI)
Libya's National Oil Corp. said it rejected a move by the Libyan National Army to move on exports from the Gulf of Sirte. The move followed militant raids on oi...
The direction for U.S. retail gas prices is unclear
Jun 26, 2018 (UPI)
July 4, Independence Day, is the next federal holiday in the United States and falling on a Wednesday could lead to long weekends and busy travel calendars. Wit...
Hundreds of birds stricken after Rotterdam oil spill
Jun 25, 2018 (AFP)
The Norwegian tanker Bow Jubail on Saturday crashed against a jetty in western Europe's largest port, spilling the heavy bunker fuel into the section of the har...
Brent crude oil prices fall further on OPEC production pledge
Jun 25, 2018 (UPI)
Brent, the global benchmark for the price of oil, continued its downturn from Friday after members of the Organization of Petroleum Exporting Countries solidifi...
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