OIL

10,863 articles

No need for Enbridge pipeline overhaul, Minnesota department finds
Sep 12, 2017 (UPI)
The Minnesota Commerce Department completed a 2,000 page environmental review of plans by Enbridge Energy to overhaul its Line 3 pipeline to northern Wisconsin ...
Despite storms, U.S. gas prices more or less steady
Sep 12, 2017 (UPI)
Motor club AAA reports a national average retail price for a gallon of regular unleaded gasoline at $2.66 for Tuesday, a fraction of a percent lower than Monday...
Royal Dutch sees Brazilian counterpart as natural partner
Sep 12, 2017 (UPI)
Shell said it signed a memorandum of understanding with Petroleo Brasileiro, the Brazilian company known also as Petrobras, meant to strengthen cooperation in d...
Demand improves, though oil inventories still high, OPEC says
Sep 12, 2017 (UPI)
Economists at the Organization of Petroleum Exporting Countries said in their monthly market report for September that total commercial oil stocks for members o...
Oil spill near Athens after tanker sinks: coastguard
Sep 12, 2017 (AFP)
The coastguard said an entire bay on the southeast of the island had been affected after the Agia Zoni II carrying 2.5 metric tonnes of fuel sank. The spill ext...
Oil mixed, but erratic, on U.S. weather impacts and demand scenario
Sep 12, 2017 (UPI)
Economists at the Organization of Petroleum Exporting Countries said in their monthly market report for September that total commercial oil stocks for members o...
Pope urges UN to help Venezuela
Sep 11, 2017 (AFP)
"The most painful is the humanitarian problem. There are so many people fleeing or suffering," the pontiff told journalists aboard the papal plane on his return...
Review of TransCanada pipeline canceled for 30 days
Sep 11, 2017 (UPI)
For 30 days, the National Energy Board said it would suspend its review of the Energy East project. "During this period, the board will not issue further decisi...
Cuban oil drilling program low on funds
Sep 11, 2017 (UPI)
Melbana is one of the few Western companies, and the only one listed on Australia's stock exchange, with an established footprint in Cuba. It initiated a push l...
Metrics on Norway's economy pulled higher because of oil
Sep 11, 2017 (UPI)
Norway is one of the top oil and gas producing nations in the world. It designates nearly all of its offshore oil and gas production for exports to the European...
Baker Hughes gets in on Egyptian natural gas bonanza
Sep 11, 2017 (UPI)
Drilling services company Baker Hughes, a GE company, said during the weekend it secured a contract from Petrobel, a joint venture between a subsidiary of Itali...
Oil benchmarks pulled in two different directions by hurricanes
Sep 11, 2017 (UPI)
Irma was downgraded to a tropical storm early Monday by the U.S. National Hurricane Center. Making landfall as a hurricane, it left millions of Florida resident...
Libyan oil production back to normal
Sep 08, 2017 (UPI)
Mustafa Sanalla, the head of Libya's National Oil Corp., blamed "gangsters" for shutting down some of the pipelines tied to the Sharara oil field in late August...
China's CEFC buys into Russian oil giant Rosneft
Sep 08, 2017 (AFP)
Glencore, which had teamed up with the Qatar's sovereign fund at the end of last year to acquire a 19.5-percent stake in Rosneft, said in a statement that it ha...
Tropical storms continue to sway as markets upended
Sep 08, 2017 (UPI)
An emailed market report from London oil broker PVM said Hurricane Irma was the "obvious" center of market attention on Friday morning. The U.S. National Hurric...
DNO gains oil lead in the north of Iraq
Sep 08, 2017 (UPI)
The Norwegian company, which has a core focus on oil basins in the Kurdish north of Iraq, said it assumed the role of operator after acquiring 50 percent of Exx...
US dollar, not OPEC, driving markets, Russian oil boss says
Sep 08, 2017 (UPI)
The value of the greenback has moved steadily lower when weighed against the euro since U.S. President Donald Trump took office. A briefing from currency trader...
Oil-rich Norway struggles to beat its 'petroholism'
Sep 08, 2017 (AFP)
'Black gold' has enabled Norway to build up the world's largest sovereign wealth fund, currently worth close to $1.0 trillion. Yet several small political parti...
TransCanada mulling pipeline options after regulatory review
Sep 08, 2017 (UPI)
The company said it was asking the National Energy Board for a 30-day suspension on the applications for its Energy East project. "The suspension will allow tim...
U.S. part of energy security strategy, Ukraine says
Sep 08, 2017 (UPI)
Valeriy Chaly, the Ukrainian envoy to the United States, said collaborative efforts with Holtec International, which has headquarters in New Jersey, on nuclear ...
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