OIL

10,863 articles

No survivors as Iranian tanker sinks engulfed in flames
Jan 14, 2018 (AFP)
Earlier, a Tehran official said there was no hope of saving some 30 missing crewmen before the ship sank, amid concern over an oil spill as Chinese officials pl...
At least four dead in Indian chopper crash: navy
Jan 13, 2018 (AFP)
The aircraft, carrying five employees of India's state-run oil exploration arm ONGC and two pilots, lost contact with air traffic control 15 minutes after takin...
Glimmers of hope in Iran economy despite Trump
Jan 13, 2018 (AFP)
The real problem in Iran right now, everyone in the international business community agrees, is uncertainty. That was not helped by Trump's announcement on Frid...
China may invest in Russian oil pipeline company Transneft
Jan 12, 2018 (UPI)
Transneft First Vice President Maxim Grishanin said the Russian Direct Investment Fund was in talks to attract investors to the pipeline company. "There are inv...
Come see how bad drilling will be for New Jersey, state tells Zinke
Jan 12, 2018 (UPI)
Some Republican state leaders along the eastern U.S. shore have joined the chorus of Democrats in expressing frustration with an offshore drilling program propo...
The oil trade is no longer intriguing, T. Boone Pickens says
Jan 12, 2018 (UPI)
The 89-year-old investor, who nine years ago launched The Pickens Plan, designed to drive the U.S. energy sector away from its dependence on foreign oil, said i...
Oil retreats from $70 ceiling on fading geopolitical risk premium
Jan 12, 2018 (UPI)
The price for Brent crude oil, the global benchmark, hit $70 per barrel for the first time since December 2014 partway through the trading day Thursday, but gav...
Dutch to hasten plans to pay damages after gas field quake
Jan 12, 2018 (AFP)
"I want a framework for compensation to be drawn up within a couple of weeks," Prime Minister Mark Rutte told reporters on Friday, just days after northern Gron...
China struggles to end tanker fire as Iranian criticism grows
Jan 11, 2018 (AFP)
The Sanchi, carrying 136,000 tonnes of light crude oil from Iran, has been in flames since colliding with the CF Crystal, a Hong Kong-registered bulk freighter,...
Norway's gas shipments set a record last year
Jan 11, 2018 (UPI)
State-owned natural gas shipper Gassco said last year set a record for deliveries to European and British buyers of Norwegian natural gas. The annual shipment o...
North Sea oil production could be higher this year
Jan 11, 2018 (UPI)
Premiere Oil said Thursday its total British production last year of nearly 40,000 barrels of oil equivalent per day was up 20 percent from 2016. Full year tota...
Trump scrapping Iran deal will cause gas, oil price spikes
Jan 11, 2018 (UPI)
U.S. President Donald Trump decides Friday whether or not to waive oil-related sanctions for Iran, according to the terms of the U.N.-backed agreement that exte...
Oil price rally extended on Iranian sanctions jitters
Jan 11, 2018 (UPI)
Crude oil prices are up nearly 4 percent in the span of seven trading days in one of the commodity's sharpest rallies in years. Prices were expected to cool off...
So what exactly are the offshore drilling plans, Florida senator asks
Jan 11, 2018 (UPI)
"The public has a right to know exactly what Interior's plan is and it is unreasonable to expect Floridians to provide input on a plan that may or may not be th...
Scottish oil and gas prohibition questioned
Jan 10, 2018 (UPI)
Scotland has one of the more robust low-carbon programs in the world and its government in 2015 ruled that natural gas derived from underground coal deposits wo...
Mixed, but steady bag for Norwegian oil and gas in 2018
Jan 10, 2018 (UPI)
Apart from Russia, Norway is the top oil and natural gas supplier for the European economy, designating nearly all of its offshore production to the export mark...
China says no major oil spill after Iran tanker collision
Jan 10, 2018 (AFP)
One body has been found but 31 sailors from the Sanchi -- mainly Iranians -- remained missing four days after it collided with a freighter off Shanghai. The tan...
Habit driving crude oil prices higher early Wednesday
Jan 10, 2018 (UPI)
Crude oil prices rallied strongly in the previous session after a federal U.S. report showed strong oil production was balanced by a surge in the consumption of...
Upbeat outlook for West African oil in 2018
Jan 10, 2018 (UPI)
Tullow offered a preliminary view of its activities through Dec. 31, ahead of the Feb. 7 release of its full-year results. At the end of 2017, the company said ...
Pulling Florida from offshore oil and gas plans called a political stunt
Jan 10, 2018 (UPI)
U.S. Interior Secretary Ryan Zinke emerged from a meeting with Florida Gov. Rick Scott in Tallahassee with an announcement that an offshore lease plan that's ba...
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