OIL

10,863 articles

Oil slips on signs of build-up in supplies
Jan 30, 2018 (UPI)
Crude oil prices reversed their long march upward on Monday following reports of hundreds of thousands of new Canadian barrels of oil flowing on the market from...
US praises Qatar ties but calls for Gulf unity
Jan 30, 2018 (AFP)
Saudi Arabia and its allies launched a diplomatic boycott of Qatar and closed their frontiers last year, accusing the gas-rich emirate of cozying up to Iran and...
BP makes $5 million bet on electric vehicles
Jan 30, 2018 (UPI)
BP said it invested $5 million in FreeWire Technologies, a U.S. company that makes charging stations for electric vehicles. BP's plan is to bring the charging u...
Canadian oil exports by rail increasing
Jan 30, 2018 (UPI)
The National Energy Board, the Canadian regulator, reported total oil exports by rail averaged 139,754 barrels per day in November, the last full month for whic...
Exxon gives Trump an early warm up for victory lap
Jan 30, 2018 (UPI)
"At Exxon Mobil, we plan to invest more than $50 billion over the next five years to expand our business in the United States," Chairman and CEO Darren Woods sa...
Florida senator concerned with offshore drilling safety
Jan 30, 2018 (UPI)
In late December, the Bureau of Safety and Environmental Enforcement published a proposed change in the rules for offshore oil and gas drilling that would amend...
Dutch have done human, animal diesel tests 'for years'
Jan 30, 2018 (AFP)
The Dutch National Institute for Public Health (RIVM) "is involved in research in which volunteers ... are exposed to diluted emissions from a diesel engine" fo...
Iran reviewing data recorder from sunken Sanchi oil tanker
Jan 29, 2018 (UPI)
The Sanchi, which hit a Chinese cargo vessel, sank Jan. 14 with 30 Iranian and two Bangladeshi crew members on board. The official Islamic Republic News Agency ...
House of Lords examines gas, electric markets post-Brexit
Jan 29, 2018 (UPI)
The British government under Prime Minister Theresa May continues to chart its course out of the EU. A study from the House of Lords said that too means leaving...
Iran says oil production could increase with foreign help
Jan 29, 2018 (UPI)
Secondary sources reporting to economists at the Organization of Petroleum Exporting Countries said Iran produced 3.83 million barrels of oil per day on average...
Supply-side pressures bruise oil prices
Jan 29, 2018 (UPI)
French energy company Total announced Monday the Fort Hills oil sands project in Alberta, Canada, lead by Canadian operator Suncor, started producing the first ...
Tillerson: U.S. has what it takes to ensure Polish energy security
Jan 29, 2018 (UPI)
U.S. Secretary of State Rex Tillerson visited Warsaw during the weekend to pay respect on Holocaust Remembrance Day. Speaking later with Polish Foreign Minister...
Germany tries for more domestic oil production
Jan 26, 2018 (UPI)
Wintershall said it's conducting a seismic survey to get a better understanding of what's left in the Emlichheim site near the Dutch border. When it's completed...
Oil prices pressured by slip in U.S. GDP
Jan 26, 2018 (UPI)
Speaking at the World Economic Forum in Davos, Switzerland, President Donald Trump, the first sitting U.S. president to address the forum in more than a decade,...
Nuclear deal not negotiable, oil-rich Iran says
Jan 26, 2018 (UPI)
U.S. President Donald Trump has vowed repeatedly to dismantle an Iranian nuclear agreement reached with the five permanent members of the U.N. Security Council,...
Shale gas production outpacing some U.S. regional demand
Jan 26, 2018 (UPI)
The U.S. Energy Information Administration reported in a daily brief on Friday that production from the Appalachian shale basin increased from 1.4 billion cubic...
OPEC balancing act added $25 per barrel to oil, Saudi minister says
Jan 26, 2018 (UPI)
The Organization of Petroleum Exporting Countries is now in its second year of an effort to drain the surplus on the five-year average for global crude oil inve...
California, advocacy groups, sue Trump on fracking laws
Jan 25, 2018 (UPI)
President Donald Trump enforced a repeal, effective Dec. 29, dissolving the Bureau of Land Management's 2015 rule on hydraulic fracturing, or fracking. The BLM,...
Oil and gas survey reveals fear of oversupply
Jan 25, 2018 (UPI)
DNV GL, a Norwegian company providing risk management advice, said a survey of 813 senior oil and gas professionals revealed concerns about an oversupplied mark...
Rig in December fatality in North Sea to be used again
Jan 25, 2018 (UPI)
"We have given Aker BP consent to use the Maersk Interceptor jack-up drilling facility in the North Sea," the Petroleum Safety Authority of Norway said in a sta...
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