OIL

10,863 articles

Study maps Sub-Saharan Africa's dependency on China
Nov 07, 2017 (AFP)
"There is no doubt about a strong dependence on China for countries that produce oil and minerals," said Ruben Nizard, an economist and Sub-Saharan Africa speci...
Oklahoma still scrambling with budget despite oil price trends
Nov 07, 2017 (UPI)
House leaders in Oklahoma said last week they were leading the way in working in bipartisan fashion to address lingering budget strains. Though rich in oil and ...
Oil prices inch lower after Monday's massive rally
Nov 07, 2017 (UPI)
Economists at the Organization of Petroleum Exporting Countries painted a mixed picture on long-term trends in the energy market, but noted some of the shift is...
Saudi Arabia seals Yemen borders, accuses Iran over missile strike
Nov 06, 2017 (AFP)
Saudi Arabia intercepted and destroyed the ballistic missile, which was launched from Yemen as rebels appeared to escalate hostilities, near Riyadh's internatio...
U.S. withdrawal from energy transparency group called strategic
Nov 06, 2017 (UPI)
The U.S. Interior Department last week withdrew from the Extractive Industries Transparency Initiative, a body that seeks to find how revenue tied to the oil, g...
Norway's big oil field, Johan Sverdrup, progressing as planned
Nov 06, 2017 (UPI)
The Petroleum Safety Authority of Norway published results from an October audit of Statoil's plans for an export pipeline from the Johan Sverdrup field. The PS...
Shale-rich Oklahoma sees economic gains
Nov 06, 2017 (UPI)
The Oklahoma State Treasury said October receipts of $980.2 million were up 10.6 percent from last year, marking the first time in more than four years that mon...
Russia reaches Turkish waters with gas pipeline
Nov 06, 2017 (UPI)
Russian news agency Tass reported construction vessel Pioneering Spring moved into the Turkish exclusive economic zone to lay sections of the so-called Turkish ...
Saudi crackdown adds jitter premium to oil prices
Nov 06, 2017 (UPI)
"Oil bulls are alive and kicking," Tamas Varga, an analyst at London broker PVM, said in an emailed market fundamentals report. Oil prices have rallied for most...
Pakistan gets lift from new gas production
Nov 06, 2017 (UPI)
OMV, which its working alongside private and state-backed Pakistani energy companies, said it started producing gas from the Sofiya field, four years after the ...
Iran boasts of oil production gains since last year
Nov 06, 2017 (UPI)
The National Iranian South Oil Co., which accounts for about 80 percent of total Iranian oil production, said it supplied 2.9 million barrels of oil per day dur...
No letup in Juba standoff around ex-army chief's home
Nov 05, 2017 (AFP)
The standoff began on Friday evening when more than 100 soldiers surrounded his residence in central Juba, South Sudan's capital, in a move which prompted peopl...
Spain's Repsol notches profit win on strong production
Nov 03, 2017 (UPI)
Through September, the company said it earned a net profit of $1.8 billion, a 41 percent increase over the same period last year. The company said the performan...
Enbridge touts environmental record in Line 3 tours
Nov 03, 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. The propo...
Sanchez Energy trims spending plans for 2018
Nov 03, 2017 (UPI)
"As 2017 draws to a close, we expect capital spending to be between $525 million and $550 million for the full year," CEO Tony Sanchez III said in a statement. ...
U.S. exploration and production slowing down
Nov 03, 2017 (UPI)
The analytics division of commodity pricing group S&P Global Platts recorded 1,033 rigs in active service in the United States last month, down about 1 percent ...
There will be blood, Nigerian militant group warns
Nov 03, 2017 (UPI)
"Our next line of operation will not be like the 2016 campaign which we operated successfully without any casualties," spokesman Murdoch Agbinibo said in a stat...
Decent labor figures, Nigerian oil threats, boost oil prices
Nov 03, 2017 (UPI)
The U.S. Labor Department reported Friday that total non-farm payrolls jumped 261,000 last month, with food services and restaurant employment offsetting any of...
Shell's strategy is working, CFO says
Nov 02, 2017 (UPI)
"The competitive performance is further evidence of Shell's growing momentum and strengthens our firm belief that our strategy is working," Chief Financial Offi...
U.S. offshore has unique oil export potential
Nov 02, 2017 (UPI)
The U.S. Energy Information Administration reported total crude oil exports topped 2 million barrels per day for the first time since a 40-year-old ban on expor...
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