OIL

10,863 articles

U.S. sanctions won't hinder oil production, Kremlin says
Nov 02, 2017 (UPI)
The U.S. Office of Foreign Assets Control amended Russian sanctions with respect to the energy sector, blocking U.S. entities from helping with companies with "...
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...
Oil price surge cooling, but market holds at historic highs
Nov 02, 2017 (UPI)
Oil prices moved lower in recent sessions as markets readjust after the U.S. hurricanes upended the energy sector in the world's largest economy. The U.S. Energ...
Shale player Bill Barrett raises production guidance
Nov 01, 2017 (UPI)
Bill Barrett said Wednesday it raised its 2017 production guidance to between 6.9 million and 7.1 million barrels of oil equivalent. "We now anticipate 2017 pro...
Japan taking on more oil
Nov 01, 2017 (UPI)
The official Kuwait News Agency, known also as KUNA, reported total exports to Japan in September at an average of 274,000 barrels per day, the first increase i...
China lends hand to Russian LNG projects
Nov 01, 2017 (UPI)
Novatek said it signed a memorandum of understanding with the China Development Bank to cooperate on steering capital toward LNG. "Our strategy envisages a rapi...
Oil prices continue streak, but ceiling may be approaching
Nov 01, 2017 (UPI)
"Global demand is exceeding supply and the forward crude curve is signaling higher prices ahead," Phil Flynn, a senior market analyst for the PRICE Futures Grou...
Shell completes $4.4 billion in sales a day before earnings report
Nov 01, 2017 (UPI)
For $628 million, Shell said it completed the sale of its entire Gabonese oil and gas interests to a company controlled by The Carlyle Group. The transaction in...
US approves $1 bln Qatar arms deal despite Gulf crisis
Nov 01, 2017 (AFP)
Qatar, home to one of the largest US military bases in the Middle East, is locked in a bitter dispute with Washington's other Arab allies in the region, led by ...
Australian major Oil Search puts Alaska oil in its portfolio
Nov 01, 2017 (UPI)
"We're ready to walk you through one of the most exciting acquisitions we've done," Managing Director Peter Botten said in a conference call with reporters. The...
Melbana: Cuba has record of oil success
Oct 31, 2017 (UPI)
Melbana Energy is one of the few Western energy companies, and the only one listed on the Australian stock exchange, with a footprint in Cuba. The company aims ...
Colorado, Harvey resistance, leads to good quarter for Noble Energy
Oct 31, 2017 (UPI)
The company said its total U.S. onshore production posted a quarterly record at 93,000 barrels per day, up about 25 percent from the same time last year. At the...
U.S. trying to force its way into European energy sector, Kremlin says
Oct 31, 2017 (UPI)
"On the pretext of fighting against a Russian threat Washington not only tries to mend so-called Atlantic solidarity, not only to make Europeans increase defens...
BP back in balance even if oil moves back toward $50 per barrel
Oct 31, 2017 (UPI)
"We have made strong progress this year in adjusting to the lower oil price environment and have now brought our finances, including the full dividend, back int...
FAR Ltd. said Senegal oil may be its priority next year
Oct 31, 2017 (UPI)
FAR Ltd. is working alongside partners tapping the emerging basins off the coast of West Africa. The broader West African basin is gaining a reputation as an em...
ExxonMobil reaches $300 mn clean air settlement with US regulators
Oct 31, 2017 (AFP)
The US petroleum giant will install new pollution controls and monitoring equipment at plants in Texas and Louisiana, according to a consent decree announced by...
French foreign minister to visit Iran soon
Oct 31, 2017 (AFP)
The visit comes as France is hoping to salvage the nuclear deal reached between Iran and world powers after President Donald Trump refused to certify the agreem...
China oil majors' profits up on firm demand
Oct 31, 2017 (AFP)
State-owned PetroChina said late Monday that net profit for July-September was 4.69 billion yuan ($706.4 million), jumping nearly fourfold from the same period ...
Turkmenistan sells China ice cream as energy profits melt
Oct 31, 2017 (AFP)
Ata Bayramov, a representative of the state-endorsed Union of Industrialists and Entrepreneurs, said that the private company Taze ay had dispatched over six to...
Higher U.S. oil exports, Great Lakes market, pulling gas prices higher
Oct 31, 2017 (UPI)
Motor club AAA reports a national average retail price for regular unleaded Tuesday at $2.47 per gallon, slightly higher than last week, but about 10 cents per ...
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