OIL

10,863 articles

Capital push under way for Cuban oil campaign
Aug 15, 2017 (UPI)
The company, which has headquarters in Australia, is one of the few with an established footprint in Cuba. Though a placement and entitlement offer, Melbana sai...
Maduro orders Venezuela military drill after Trump threat
Aug 15, 2017 (AFP)
Maduro's embattled government -- facing a deepening economic emergency and swelling street protests -- has seized on Trump's apparent threat, which has been rou...
Iran sees banking channels opening up
Aug 15, 2017 (UPI)
Last month, a consortium of French energy company Total, China National Petroleum Corp. and Petropars Ltd., a subsidiary of the state-run National Iranian Oil C...
U.S. gas prices holding steady as summer fades
Aug 15, 2017 (UPI)
Motor club AAA reports a national average price for a gallon of regular unleaded gasoline at $2.35, relatively unchanged from last week, but more than 9 cents h...
Anadarko shale basin lands Oklahoma on EIA map
Aug 15, 2017 (UPI)
The U.S. Energy Information Administration said it was adding the Anadarko region to its monthly drilling report. The shale basin covers 24 counties in Oklahoma...
BP starts new gas production from Trinidad, a major exporter
Aug 14, 2017 (UPI)
Gas production started at the Juniper development about 50 miles off the coast of Trinidad. It's the second this year there and the first of its $2 billion over...
Saudi Arabia reports higher oil revenue
Aug 14, 2017 (UPI)
Saudi Arabia is the largest producer in the Organization of Petroleum Exporting Countries. It told OPEC economists last month that production was around 10 mill...
Saudi Arabia to launch joint trade council with Iraq
Aug 14, 2017 (AFP)
"The cabinet has decided to approve the establishment of the Saudi-Iraqi Coordinating Commission and to delegate the Saudi minister of trade and investments to ...
Kurdish oil player sees steady production course ahead
Aug 14, 2017 (UPI)
Gulf Keystone Petroleum operates the Shaikan oil field in the Kurdish northern Iraq. The company said Monday it was notified by the government of a gross paymen...
Moscow backs peace efforts by Libya rivals
Aug 14, 2017 (AFP)
"We actively support the emerging trend to step up the process of political resolution, towards a full restoration of statehood in your country," Lavrov told Ha...
Oil prices edge lower on OPEC output
Aug 14, 2017 (UPI)
Sandy Fielden, the director of research, commodities and energy at Morningstar, said in a report that crude oil prices were settling into a relatively narrow ra...
Energy-rich Norway sees government debt drop
Aug 14, 2017 (UPI)
Central government debt is at a short-term low point for Norway. The government's statistics office reported second quarter debt at $63.3 million, compared with...
Oklahoma shale production could increase
Aug 14, 2017 (UPI)
BNK Petroleum Inc., which has headquarters in California, said Monday it completed the hydraulic fracturing process at a well in the SCOOP shale basin in Oklaho...
Mexican energy sector escapes Franklin more or less unscathed
Aug 11, 2017 (UPI)
Franklin bounced along the western Mexican coast this week, hitting the country twice as a Category 1 hurricane. According to the U.S. National Hurricane Center...
Texas rig permitting nearly doubles from 2016
Aug 11, 2017 (UPI)
The Railroad Commission of Texas, the state energy regulator, said it issued 1,011 original drilling permits last month, compared with the 631 issued in July 20...
Amec Foster Wheeler ready for new life with Wood Group
Aug 11, 2017 (UPI)
Wood Group announced plans in March to purchase the company for $2.6 billion in a move that will combine two of Britain's largest energy services companies. Ame...
Oil prices sink on IEA warning on balance
Aug 11, 2017 (UPI)
Oil prices rallied early in the Thursday session after the August report from the Organization of Petroleum Exporting Countries showed global demand on the rise...
Saudis ready to export more oil to Iraq
Aug 11, 2017 (UPI)
Saudi Arabia and Iraq are the top two oil producers among members of the Organization of Petroleum Exporting Countries. Saudi Arabia has taken a "whatever it ta...
Iraq, Saudi Arabia express full commitment to OPEC balancing act
Aug 11, 2017 (UPI)
Saudi Prince Mohammed bin Salman bin Abdulaziz al-Saud hosted Iraqi Oil Minister Jabbar al-Luabi to discuss recent trades in shared oil policy. Saudi Arabia is ...
Saudi, Iraq vow stronger commitment to cut oil output
Aug 10, 2017 (AFP)
The pledge from Saudi Arabia and Iraq, the first and second largest OPEC producers, came after their oil ministers met in the Red Sea city of Jeddah. Saudi Ener...
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