OIL

10,863 articles

One dead after explosion at Austrian gas facility
Dec 12, 2017 (UPI)
The company said there was an explosion at 9:00 a.m. local time at the Baumgarten gas facility. "The explosion caused a serious fire that has been contained to ...
Eni: More oil offshore Mexico than originally estimated
Dec 12, 2017 (UPI)
The company said it finished drilling a well in the shallow waters in the Campeche Bay off the coast of Mexico. As a result, the company said it was able to rev...
Big Australian oil prospect draws interest from majors
Dec 12, 2017 (UPI)
Australian energy company Melbana, typically known for its ongoing work in Cuban oil programs, said Santos and Total may be completely funding a seismic survey ...
World Bank to stop financing oil, gas projects from 2019
Dec 12, 2017 (AFP)
"The World Bank Group will no longer finance upstream oil and gas, after 2019," it said in a statement in Paris, where world leaders sought to unlock more money...
Exxon to disclose climate policy impact on business
Dec 12, 2017 (AFP)
The move follows the decisive victory of a shareholder proposal in May, which called on Exxon to examine how the fight against global warming could affect the c...
Oil prices settle down, but still higher on North Sea outage
Dec 12, 2017 (UPI)
After a relatively quiet start to the day, Brent crude oil prices shot up 2 percent during Monday's session after pipeline operator Ineos shut down the Forties ...
Gas prices even for now, but British pipeline problem could change that
Dec 12, 2017 (UPI)
Motor club AAA reports a national average retail price for regular unleaded Tuesday at $2.46 per gallon, a slight decline from Monday, but more or less stable f...
North Sea field still down after Friday fatality
Dec 11, 2017 (UPI)
Aker BP reported one fatality Friday and another serious injury following a "serious accident" on the Maersk Interceptor drilling rig, contracted to tap into th...
Eni gets okay to bring Barents Sea oil field back into service
Dec 11, 2017 (UPI)
Production at the Goliat field was idled by a Norwegian government order in October. Eni was called on to satisfy concerns related to ignition-control services ...
OPEC in June to consider way out of production deal
Dec 11, 2017 (UPI)
The Organization of Petroleum Exporting Countries, with the help of major oil producers like Russia, agreed in late November to extend a production cut agreemen...
Oil prices rise on extended market optimism
Dec 11, 2017 (UPI)
Crude oil prices are gaining some of the value lost in the brief slump that followed a late November decision by the Organization of Petroleum Exporting Countri...
ruler names son defence minister in new cabinet
Dec 11, 2017 (AFP)
The move comes weeks after the previous government, which had been formed a year ago, resigned following a dispute with members of parliament who filed a no-con...
Oil price increase spikes PPI for Norway
Dec 11, 2017 (UPI)
The government's record-keeping against said the producer price index spiked 3.2 percent from October to November. By comparison, the U.S. government reported i...
Iran's Rouhani sees major economic growth next year
Dec 10, 2017 (AFP)
Presenting the budget to parliament, Rouhani said overall economic growth would hit 6.5 percent in the fiscal year starting in March 2018, and seven percent wit...
Saudi Arabia hails Iraq victory over IS
Dec 10, 2017 (AFP)
Baghdad on Saturday declared victory in its war to expel the jihadists, three years after the group proclaimed a cross-border "caliphate" stretching into Syria,...
Chinese thirst, U.S. labor sends oil prices higher early Friday
Dec 08, 2017 (UPI)
Crude oil prices have moved between gains and losses for much of the week, but are generally lower for December. Traders have shifted focus away from the OPEC r...
Go further, Sierra Club tells Minnesota oil pipeline reviewers
Dec 08, 2017 (UPI)
Enbridge is proposing an overhaul of the Line 3 segment of a broader network that extends through parts of Canada and into the northern United States. Construct...
First LNG cargo ready to leave the Russian Arctic
Dec 08, 2017 (UPI)
The French company holds a 20 percent stake in the Yamal liquefied natural gas project, alongside China National Petroleum Corp., with a 20 percent stake, and N...
China reaffirms Venezuela ties after Sinopec lawsuit
Dec 08, 2017 (AFP)
The lawsuit, filed in a US court, accuses the Venezuelan state-owned oil and natural gas company PDVSA of failing to fulfill a payment of more than $43 million ...
Canadian oil closer to getting out of North America
Dec 08, 2017 (UPI)
The National Energy Board, an independent federal regulator, ruled that pipeline company Kinder Morgan doesn't have to comply with bylaws in the city of Burnaby...
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