OIL

10,863 articles

Maintenance drags oil output lower for Norway
May 16, 2018 (UPI)
If Norway were a member of the Organization of Petroleum Exporting Countries, it would be the seventh-largest producer behind Nigeria. OPEC members are voluntar...
Total says it will have to leave Iran without sanctions waivers
May 16, 2018 (UPI)
U.S. President Donald Trump reinstated sanctions on Iran last week, signaling an end to the U.S. involvement in the U.N.-backed agreement that gave Tehran room ...
After slump, oil and gas exporter Norway sees economy stabilize
May 15, 2018 (UPI)
Statistics Norway, the government's record-keeping office, reported growth in gross domestic product was 0.6 percent in the first quarter, the fifth quarter in ...
Cairn moving toward first barrels of oil from Senegal
May 15, 2018 (UPI)
Cairn is leading the development of the SNE oil field off the coast of Senegal. Joint venture partners in March completed a study of a 2,900 square mile permit ...
MENA mixed on hydrocarbons and renewables
May 15, 2018 (UPI)
The Arab Petroleum Investments Corp., a regional development bank, reported expectations Tuesday of mixed success for renewable energy. Morocco led the pack by ...
Gas prices close to a psychological threshold
May 15, 2018 (UPI)
Motor club AAA reports the national average retail price for a gallon of regular unleaded gasoline at $2.88 for Tuesday, about a penny higher than Monday, and s...
Russia considering sanctions busters
May 15, 2018 (UPI)
"We are granting far-reaching powers to our president and the Russian government, so that our country, our economy and our jobs are protected," Duma Speaker Vya...
US Navy sees 'period of uncertainty' in Gulf
May 15, 2018 (AFP)
US officials have in recent months credited the Iranian military for stopping years of "unsafe and unprofessional" interactions that had included Iranian vessel...
Oil firm, indigenous tribe protect vast Canada boreal forest
May 15, 2018 (AFP)
The partnership brought together by Nature Conservancy of Canada creates a 3,300-square-kilometre (1,274-square-mile) conserved area in northeast Alberta provin...
Preparatory works start on disputed Russian gas pipeline
May 15, 2018 (AFP)
"Nord Stream 2 AG today started the offshore preparatory works for the subsequent pipelaying in the Bay of Greifswald" on Germany's Baltic Sea coast, the buildi...
Russia commits to JCPOA following U.S. pullout
May 14, 2018 (UPI)
Russian President Vladimir Putin met Monday with Yukiya Amano, the general director of the International Atomic Energy Agency, the nuclear watchdog for the Unit...
Statoil may disappear by Wednesday after vote on renaming
May 14, 2018 (UPI)
A vote is expected Tuesday in favor of a name change from Statoil to Equinor. The company said Monday it expects the name change to take effect Wednesday, and t...
Easing trade tensions give slight boost to oil prices
May 14, 2018 (UPI)
U.S. President Donald Trump on Sunday turned to Twitter to announce that Chinese telecommunications company ZTE could get back to business after Washington bloc...
Russia's Rosneft reaps rewards from higher oil prices
May 14, 2018 (UPI)
The oil company reported first quarter revenue of $30.9 billion, up 0.8 percent from the fourth quarter and 22.1 percent higher than the first quarter 2017. The...
Oil-rich Alaska gavels in a way to cut a budget gap
May 14, 2018 (UPI)
"Lawmakers in the House and Senate -- Democrats, Republicans, and Independents -- worked together to reach a budget compromise," Gov. Bill Walker said in a week...
Malaysia could capitalize on oil prices
May 11, 2018 (UPI)
The opposition Pakatan Harapan coalition emerged as the victor in May 9 general elections in Malaysia, grabbing a slim majority in parliament with 113 seats. Th...
Wood Group reaping benefits from merger
May 11, 2018 (UPI)
Wood Group announced plans in March 2017 to purchase the company for $2.6 billion in a move that combined two of Britain's largest energy services companies. Am...
Some OPEC members are U.S. 'tools,' Iran says
May 11, 2018 (UPI)
Crude oil prices are trading in the mid $70 per barrel range, supported in part by geopolitical risk and an effort by the Organization of Petroleum Exporting Co...
Oil prices stuck in a holding pattern Friday
May 11, 2018 (UPI)
Crude oil prices have been elevated for much of the year on the back of heightened geopolitical risk, from a Saudi-Iran proxy war in Yemen to multilateral skirm...
Alberta puts up pro-Trans Mountain signs in British Columbia
May 11, 2018 (UPI)
The provincial government of Alberta said it dedicated about $550,000 (USD) on billboards displayed in British Columbia supporting the expansion of the Trans Mo...
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