OIL

10,863 articles

Danish gas field gets new life after fate questioned
Dec 01, 2017 (UPI)
"Tyra has been a key asset in the history of Maersk Oil, and an important source of energy security for Denmark," Maersk Oil CEO Gretchen Watkins said in a stat...
Norway sells foreign currencies in petroleum-related move
Nov 30, 2017 (UPI)
Norges Bank said it will sell the equivalent of $108 million per day up to and including Dec. 15. The bank explained that it purchases foreign currency and, if ...
Oil producers agree extension of output curbs: Iraq
Nov 30, 2017 (AFP)
The extension by 24 nations "is nine months" from March 31 until the end of 2018, Jabbar al-Luaibi told reporters after talks in Vienna. The producers were expe...
Libyan PM asks for easing of arms embargo
Nov 30, 2017 (AFP)
The United Nations has enforced the embargo since the 2011 Libyan revolution that saw the ouster of Moamer Kadhafi's regime. During a meeting at the Pentagon, S...
OPEC expectations lift oil prices higher
Nov 30, 2017 (UPI)
Parties to an agreement led by the Organization of Petroleum Exporting Countries to drain a surplus on the five-year average for global crude oil inventories co...
U.S. set to be net gas exporter for second year in a row
Nov 30, 2017 (UPI)
The federal U.S. Energy Information Administration said last year was the first year that exports were higher than imports, with net gasoline exports averaging ...
PHMSA: Keystone spill from damage during installation
Nov 30, 2017 (UPI)
TransCanada closed down much of the 2,687-mile network in North America in mid-November after reporting a release of about 5,000 barrels of oil in rural South D...
Russia sees poverty as a striking problem despite oil wealth
Nov 30, 2017 (UPI)
"It is important that with our consolidated efforts we take real steps aimed at combating poverty," Russian Prime Ministry Dmitry Medvedev was quoted by Russian...
Statoil takes stronger position in Argentina's shale
Nov 30, 2017 (UPI)
The company said it was awarded a license in the Bajo del Toro Este area in the Neuquén basin, taking a 90 percent stake and serving as the operator. "With the...
OPEC jitters offset U.S. GDP growth
Nov 29, 2017 (UPI)
The U.S. Commerce Department said Wednesday that real gross domestic product increased at an annual rate of 3.3 percent during the third quarter, an improvement...
Big audience expected for OPEC production meeting
Nov 29, 2017 (UPI)
Members of the Organization of Petroleum Exporting Countries and parties to a multilateral deal to balance an oversupplied market with production cuts are in Vi...
Oil-rich Alberta sees growth at 4 percent
Nov 29, 2017 (UPI)
"With the recession behind us, Alberta's economy has returned to growth," Finance Minister Joe Ceci said in a statement. Based on reserves for oil sands, a thic...
Bearish signs ahead for oil prices, but not too bearish
Nov 29, 2017 (UPI)
"Due to significantly larger 2017 stockdraws than previously expected, the fundamental starting point for the 2018 outlook has become more bullish," Soc Gen sai...
Italian oil company Eni given drilling permit in Alaska
Nov 29, 2017 (UPI)
The U.S. Bureau of Safety and Environmental Enforcement said "achieving American energy dominance" moved a step closer with the approval of a permit for a U.S. ...
Africa-focused Tullow Oil sees 2018 as a productive year
Nov 29, 2017 (UPI)
The company said Wednesday it completed the refinancing of $2.5 billion in credit facilities, leaving it with about $900 million in free cash. "The transaction,...
Half of hydraulically fractured wells within 3km of domestic groundwater systems
Nov 28, 2017 (SPX)
In assessing how frequently hydraulic fracturing takes place close to a public water supply, a 2016 EPA report said that drinking water supplies located near hy...
Michigan tightens screws on pipeline company Enbridge
Nov 28, 2017 (UPI)
"Business as usual by Enbridge is not acceptable and we are going to ensure the highest level of environmental safety standards are implemented to protect one o...
OECD economic warning lights send oil prices lower
Nov 28, 2017 (UPI)
Angel Gurria, the secretary general for the Organization for Economic Cooperation and Development, said global growth is accelerating from 3.1 percent in terms ...
Gas production accelerating in the Bakken
Nov 28, 2017 (UPI)
North Dakota crude oil production stands at around 1.07 million barrels per day, putting it in the No. 2 spot nationally behind Texas. Nearly all of the state o...
Shell returns to cash dividends after five strong quarters
Nov 28, 2017 (UPI)
CEO Ben van Buerden said in an investment update the company would return to full cash dividends in the fourth quarter, while maintaining its regular capital in...
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