OIL

10,863 articles

EU-Ukraine complete historic association agreement
Sep 01, 2017 (UPI)
"Determination is a virtue," European Commission President Jean-Claude Juncker said in a statement. "Today, in spite of all the challenges, we have made it." Po...
No need yet to act on Harvey, International Energy Agency says
Sep 01, 2017 (UPI)
The U.S. Energy Information Administration said Harvey has created "considerable uncertainty" in the energy market because of the density of refinery and produc...
No change in status for Libyan oil production, OMV says
Sep 01, 2017 (UPI)
Contacted by UPI on Friday, the company through a spokesperson said there is no change to the status of its operations in Libya. The Austrian energy company sai...
Gazprom looks to build up Asian market position
Sep 01, 2017 (UPI)
Gazprom Chairman Alexei Miller said total production for the first eight months of the year was 20.1 percent higher than last year. In terms of the origin, the ...
Canada still vetting expansion to Trans Mountain oil pipeline
Sep 01, 2017 (UPI)
The National Energy Board said it scheduled "detailed route hearings" for the expansion of the Kinder Morgan pipeline through Alberta this fall. NEB Chairman Pe...
Iraq cutting more oil production than necessary
Sep 01, 2017 (UPI)
Russian Energy Minister Alexander Novak hosted Iraqi Oil Minister Jabbar al-Luaibi at the Kremlin to discuss what Novak's ministry said Thursday were "urgent is...
Oil prices move lower, but high volatility expected
Sep 01, 2017 (UPI)
Oil and gas infrastructure along the southern U.S. coast remains heavily impacted by the aftermath of now Tropical Depression Harvey. As much as 16 percent of t...
Michigan agencies concerned by gaps in Great Lakes oil pipeline coating
Aug 31, 2017 (UPI)
Pipeline operator Enbridge is facing push back from residents in the northern part of Michigan's lower peninsula worried about the integrity of Line 5, a pipeli...
Lundin exploring new potential in Barents Sea
Aug 31, 2017 (UPI)
Lundin's subsidiary in Norway said it started drilling an exploration well in the Børselv prospect in the southern Barents Sea. The company said the well is lo...
Libya's economic recovery hurt by attacks on oil centers
Aug 31, 2017 (UPI)
The Libyan National Oil Corp. said force majeure, a contractual condition related to circumstances beyond the control of the parties involved, was declared for ...
Canada signs off on parts of overhaul to a westward oil pipeline
Aug 31, 2017 (UPI)
Canada has pushed to diversify its export options away from the United States. Pipeline company Kinder Morgan secured approval to expand the capacity of its Tra...
U.S. releases oil from strategic reserves in response to Harvey
Aug 31, 2017 (UPI)
As of Wednesday, there were 678.9 million barrels stored in the U.S. Strategic Petroleum Reserve. The U.S. Department of Energy said Thursday it authorized the ...
Oil prices bounce back after Harvey downgraded to tropical depression
Aug 31, 2017 (UPI)
"In response to the impacts from Hurricane Harvey, the U.S. Secretary of Energy has authorized the Strategic Petroleum Reserve to negotiate and execute an emerg...
Gasoline prices spike on shortage worries in Harvey's wake
Aug 31, 2017 (AFP)
A gallon (3.8 liters) of gasoline rose 13.5 percent in New York on Thursday to close at $2.1399, leaving it up nearly 30 percent since Friday, the day Harvey ma...
Oil down as US refineries struggle from Harvey impact
Aug 31, 2017 (AFP)
The monster storm barreled into Texas on Friday as a Category Four hurricane, smashing homes and businesses and triggering massive floods. The storm caused the ...
Total starts new production in the North Sea
Aug 30, 2017 (UPI)
The company said it started production from the Edradour and Glenlivet fields in the waters west of the Shetland Islands. Production capacity is around 56,000 b...
Texas crude oil production up 3 percent before Harvey slowdown
Aug 30, 2017 (UPI)
Production reported to the Railroad Commission of Texas, the state energy regulator, for June, the last full month for which data are available, was 2.51 millio...
Oil prices down as US reels from Harvey
Aug 30, 2017 (AFP)
Harvey rolled into Texas on Friday as a Category Four hurricane, tearing down homes and businesses on the Gulf Coast, and triggering massive floods. The storm c...
Mozambique emerging as hub for liquefied natural gas
Aug 30, 2017 (UPI)
Baker Hughes, a division of General Electric, said it secured a contract from Italian energy company Eni for the Coral South floating liquefied natural gas proj...
North Korea tensions may upend Asian energy markets
Aug 30, 2017 (UPI)
North Korean leader Kim Jong Un observed a launch drill for guided intermediate- and long-range ballistic rockets on Wednesday, following the launch of a missil...
Buy Advertising About Us Editorial & Other Enquiries Privacy statement
The content herein, unless otherwise known to be public domain, is Copyright 1995-2026 Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principles for news reporting and research purposes.