OIL

10,863 articles

Kremlin says it's trying to get ahead of sanctions
Dec 20, 2017 (UPI)
Russia's currency lost considerable value at the start of last year and the broader economy faced dual strains from lower crude oil prices and economic sanction...
New York pension move from oil and gas draws grassroots praise
Dec 20, 2017 (UPI)
Advocacy group 350.org said its activism over the years helped convince New York state leaders to step away from fossil fuels. "This victory is a direct result ...
Venezuelan rebel ex-cop claims theft of rifles
Dec 20, 2017 (AFP)
Oscar Perez, an ex-police helicopter pilot, said on Twitter late Monday he led "an impeccable tactical operation in which we recovered these weapons of the peop...
A march toward balance gives oil prices a lift
Dec 20, 2017 (UPI)
Traders are watching the level of supply and demand closely for signs that the glut on the market that pushed oil prices below $30 per barrel last year is evapo...
Parts of Alaska wilderness open to oil and gas drilling with tax overhaul
Dec 20, 2017 (UPI)
U.S. Sens. Lisa Murkowski and Dan Sullivan, both Republicans, voted in favor of the extensive overhaul to the U.S. tax code. The measure passed out of the Senat...
Closures, maintenance meant Norway produced less oil and gas
Dec 20, 2017 (UPI)
The Norwegian Petroleum Directorate said Wednesday that the preliminary daily rate for November was 1.8 million barrels of oil, natural gas liquids and condensa...
Giant gas field startup could transform Egypt
Dec 20, 2017 (UPI)
Production started at the Mediterranean gas field less than two years after the company declared its initial commercial discovery, which Eni said was a record f...
Asphalt-based filters sequester greenhouse gas at wellhead
Dec 19, 2017 (SPX)
The Rice lab of chemist James Tour discovered that treating grains of inexpensive Gilsonite asphalt with water allows the material to adsorb more than two times...
Stay nimble, OECD tells oil-rich Norway
Dec 19, 2017 (UPI)
A survey from regional contracts for Norge Bank, the country's central bank, said growth for the Norwegian economy was moderate over the last three months and e...
Chinese growth gives support to oil prices
Dec 19, 2017 (UPI)
China is the second-largest economy in the world behind the United States. Oil demand from China last month was 9 million barrels per day, the second highest on...
Forties pipeline system could be out until January
Dec 19, 2017 (UPI)
Ineos, which owns the Forties pipeline system, shut down operations on a network catering to about 40 percent of North Sea oil production Dec. 11 after finding ...
A $2.7 billion investment creates a first for Alberta's energy sector
Dec 19, 2017 (UPI)
Calgary-based Inter Pipeline Ltd. said it made a final investment decision to create the Heartland petrochemical complex, which would convert propane into polyp...
Heavy-petroleum fuels raising vanadium emissions
Dec 19, 2017 (SPX)
"Human emissions of vanadium to the atmosphere now exceed those from all natural sources combined - by a factor of 1.7," said William H. Schlesinger, James B. D...
French to ban oil, gas production by 2040
Dec 19, 2017 (AFP)
In the vote by show of hands, only the right-wing Republicans party opposed, while left-wing lawmakers abstained. No new permits will be granted to extract foss...
U.S. gasoline prices move lower into holiday travel season
Dec 19, 2017 (UPI)
Motor club AAA lists a national average retail price of $2.41 for a gallon of regular unleaded gasoline as of Tuesday. That's down a fraction of a percent from ...
Lingering North Sea problems, Nigerian strike boost oil prices
Dec 18, 2017 (UPI)
Pipeline operator Ineos maintains it could be about a month before a crack on the Forties pipeline system near Aberdeen is remedied. The fault crimped the flow ...
Iran's GDP reaches 4.2 percent
Dec 18, 2017 (UPI)
"Growth has begun to broaden to the non-oil sector," Catriona Purfield, a country team leader for the IMF, said in her closing report. "Real gross domestic prod...
New gas production starts in Algeria
Dec 18, 2017 (UPI)
Repsol CEO Josu Jon Imaz joined Algerian Prime Minister Ahmed Ouyahia and Abdelmoumen Ould Kaddour, the director-general of state energy company Sonatrach, in a...
Statoil plays $2 billion chip on offshore Brazil
Dec 18, 2017 (UPI)
The Norwegian company, owned in part by the government, said it was taking a 25 percent interest in the Roncador oil field in the Campos Basin offshore Brazil f...
Early start for new Norwegian oil production
Dec 18, 2017 (UPI)
"Ahead of schedule and below budget: Maria is a major achievement for Wintershall, our partners and our suppliers," Martin Bachmann, a Wintershall board member ...
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