OIL

10,863 articles

China, the world's top oil importer, rising to the top, investment firm reports
Oct 03, 2017 (UPI)
Danish investment firm Saxo Bank said in an emailed report that China is trying to increase its leverage by putting more of its currency into global trade flows...
Mixed results from new North Sea drilling
Oct 03, 2017 (UPI)
The Norwegian government published data Tuesday from an appraisal well drilled by Aker BP, a merger of Norwegian energy companies and a subsidiary of BP, about ...
Russia proposes a mechanism to monitor crude oil exports
Oct 03, 2017 (UPI)
Russian Energy Minister Alexander Novak said he expected around 30 ministers from OPEC and non-OPEC producers to show up for a five-day conference in Moscow, wh...
Oil continues October drift lower
Oct 03, 2017 (UPI)
The price for Brent crude oil, the global benchmark for the price of oil, jumped more than 10 percent last month in part because of the U.S. energy sector strai...
Cyberrisks to oil and gas industry real, conference organizers say
Oct 03, 2017 (UPI)
The second annual Security and Energy conference is scheduled in Abu Dhabi next month, but organizers said Tuesday they were sounding the alarm bells early abou...
State taxes adding about a quarter to gas prices, U.S. government says
Oct 03, 2017 (UPI)
A briefing from the U.S. Energy Information Administration published Tuesday said that the average taxes and fees in all 50 states, plus the District of Columbi...
Report: Russia may be the next 'energy superpower'
Oct 01, 2017 (UPI)
Russia is a member of a committee monitoring the effort to drain the surplus on the five-year average of global crude oil inventories and the largest contributo...
Statoil, Shell and Total to store CO2 offshore Norway
Oct 01, 2017 (UPI)
Statoil said it would lead a project alongside the Norwegian subsidiaries of Royal Dutch Shell and French supermajor Total in storing carbon dioxide captured fr...
OPEC-member Libya still in turmoil, EU report finds
Oct 01, 2017 (UPI)
The EUobserver reported Monday it obtained access to a "restricted" report from the European Union's Border Assistance Mission in Libya that describes lingering...
KBR to work at gas sites in Algeria hit by terror attacks in recent years
Oct 01, 2017 (UPI)
KBR, which has headquarters in Texas, said it was awarded a contract for management support services by a joint venture between British energy BP, Algerian ener...
Oil prices start October with a flop
Oct 01, 2017 (UPI)
Crude oil prices are diving deep into negative territory in early Monday trading. The trend follows last week's report from drilling services company Baker Hugh...
U.S. data show petroleum supply and consumer demand dropped
Sep 29, 2017 (UPI)
Data from the American Petroleum Institute show total petroleum deliveries, a broad-based gauge of total demand, was up 1.3 percent in August when compared with...
Russian budget deficit revised lower
Sep 29, 2017 (UPI)
Government figures, cited by Russian news agency Tass, show a forecast for the 2018 federal budget deficit at $21.9 billion. That's lower than the previous esti...
Minnesota hears it from both sides over Enbridge oil pipeline
Sep 29, 2017 (UPI)
"One of the ways that U.S. energy security could be threatened is from a lack of investment in energy infrastructure or reinvestment in existing infrastructure,...
Barents Sea oil and gas search effort comes up empty
Sep 29, 2017 (UPI)
The Norwegian Petroleum Directorate, the nation's energy regulator, published results Friday from a campaign about 20 miles northeast of the producing Johan Cas...
Oil prices in soft decline early Friday in weak consumer spending
Sep 29, 2017 (UPI)
Crude oil prices have been on the rise for most of September. Early support came from hurricanes that hit the southern United States and upended seasonal factor...
Crude oil rally extends on strong U.S. economic figures
Sep 27, 2017 (UPI)
The U.S. Commerce Department reported real gross domestic product increased at an annual rate of 3.1 percent in the second quarter, the strongest level in years...
Kiir tells South Sudan police to work with UN
Sep 27, 2017 (AFP)
Kiir's government has been reluctant to accept the so-called Regional Protection Force (RPF), which is in addition to 12,000 existing UN Mission in South Sudan ...
Crude oil prices up after Turkey threatens to close Kurdish pipeline
Sep 27, 2017 (UPI)
Turkish President Recep Tayyip Erdogan made the threat after residents of northern Iraq's Kurdistan voted overwhelmingly for independence in a non-binding refer...
Europe still needs us, Gazprom says
Sep 27, 2017 (UPI)
The board of directors at the state-controlled company said Wednesday that Gazprom was the largest natural gas exporter in the world and the largest supplier to...
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