OIL

10,863 articles

Soft start for crude oil, but a ceiling appears in sight
Aug 18, 2017 (UPI)
"OPEC, despite its epic efforts to actively manage the oil market into equilibrium after three years of oversupply and growing inventories, may have been forced...
Greenpeace activists arrested after Barents Sea protest
Aug 18, 2017 (UPI)
A handful of Greenpeace activists left the Arctic Sunrise protest vessel on inflatable boats and kayaks to protest against drilling above the Arctic Circle. The...
Minnesota starts new phase for Enbridge pipeline review
Aug 18, 2017 (UPI)
The Minnesota Commerce Department completed its 2,000 page environmental review of plans by Enbridge Energy to overhaul its Line 3 pipeline to northern Wisconsi...
Mixed bag for July production from Norway
Aug 18, 2017 (UPI)
Norway is one of the largest oil and natural gas producers in the world and, apart from Russia, the top exporter to the European market, designating nearly all ...
LNG tanker makes Arctic passage unaided
Aug 17, 2017 (AFP)
It is "the first commercial vessel to travel alone the Northern Sea Route which permits reaching Asia in 15 days via the Bering Strait," said the French firm. T...
Mixed results for Trump's first oil and gas auction for Gulf
Aug 17, 2017 (UPI)
The first lease covering the entire southern coastal region, save for protected areas, generated $121 million in high bids for 90 tracts covering nearly 510,000...
Balance apparent, but supply issues leave oil prices bruised
Aug 17, 2017 (UPI)
Crude oil prices are on a steady decline, erasing a rally that lasted for most of the latter part of the first half of 2017. The price for Brent, the global ben...
Gazprom's gas exports inch higher
Aug 17, 2017 (UPI)
The company said its natural gas shipments to countries outside the Russian commonwealth were up 12 percent year-over-year for the period ending August 15. By c...
Clouds developing over U.S. LNG export potential
Aug 17, 2017 (UPI)
As a candidate, Donald Trump ran under the slogan of "Make America Great Again." As president, he's steered efforts to put U.S. national interests first. Paul C...
Statoil to drill more in the North Sea
Aug 17, 2017 (UPI)
Norway is one of the largest oil and gas producing nations in the world and, apart from Russia, among the top energy exporters for the European economy. The Pet...
U.S. gasoline exports overshadow strong production
Aug 17, 2017 (UPI)
"Gasoline production by U.S. refiners and blenders has run near record levels over the first seven months of 2017, with four-week rolling average production wel...
Russian company Lukoil reports slight dip in oil production
Aug 16, 2017 (UPI)
One of Russia's largest energy companies, Lukoil said second quarter production of crude oil was around 156 million barrels, a decline of about a half percent f...
Kuwait continues oil spill examinations
Aug 16, 2017 (UPI)
Kuwait reported an oil spill of its southern coast during the weekend. Reports of sheen and oil-stained beaches were near where Kuwait National Petroleum Corp. ...
Australia's Woodside Petroleum sees big profit jump
Aug 16, 2017 (UPI)
Woodside reported a net profit of $507 million for the first half of the year, a 49 percent increase from the same period in 2016. Production costs of $4.90 per...
U.S. plans sale from Strategic Petroleum Reserve
Aug 16, 2017 (UPI)
The department's Office of Fossil Energy said the sale from the federally-owned stockpile was scheduled for late August. The office aims to draw down and sell 1...
Oil prices move up on good data, but ceiling may be approaching
Aug 16, 2017 (UPI)
Crude oil prices were moving higher in overnight trading after the American Petroleum Institute reported U.S. crude oil inventories declined a whopping 9.2 mill...
Gavel pounds for first Gulf of Mexico oil and gas lease under Trump
Aug 16, 2017 (UPI)
U.S. Interior Secretary Ryan Zinke unveiled plans in July for an auction for 75.9 million acres off the southern coast for oil and gas exploration and developme...
Saudi Arabia, Iraq look to reopen border after 27 years
Aug 16, 2017 (AFP)
The border has been shut to all travellers except Iraqi Muslim pilgrims heading to and from Mecca in western Saudi Arabia since Saddam Hussein's 1990 invasion o...
Transocean to acquire Songa Offshore
Aug 15, 2017 (UPI)
Transocean said that, on top of its legacy fleet, it has four drill ships designed for ultra-deep waters under construction and two of those are already under c...
Kuwait reports second oil spill
Aug 15, 2017 (AFP)
The new slick was spotted near the capital, some 60 kilometres (37 miles) north of the first spill, tweeted Sheikh Talal Khaled Al-Sabah, spokesman for national...
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