OIL

10,863 articles

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...
U.S. could be world's No. 3 LNG exporter
Aug 09, 2017 (UPI)
Thanks in large part to shale operations, the United States in 2009 passed Russia to become the largest natural gas producer in the world. Most of the transport...
U.S. shale player Sanchez boosted by second quarter acquisition
Aug 09, 2017 (UPI)
Sanchez is one of the larger operators in the Eagle Ford shale basin in Texas and added more than 300,000 acres to its portfolio through a March acquisition fro...
Geopolitical tension in the driver's seat for oil prices
Aug 09, 2017 (UPI)
Crude oil prices drifted into negative territory for most of the Tuesday session and closed lower even after Washington offered a bellicose response to North Ko...
OMV posts production, but weak financials
Aug 09, 2017 (UPI)
OMV was among the shares leading the decline in European trading after reporting an about-face in most of its major financial metrics for the second quarter. Th...
Rig movements increase offshore Norway
Aug 09, 2017 (UPI)
Odfjell Drilling, trading on the Oslo exchange, announced a contract with Aker BP for the lease of its Deepsea Stavanger semi-submersible rig. The deal puts the...
Oil production for Gazprom Neft up 5 percent
Aug 09, 2017 (UPI)
Gazprom Neft is the oil division of Russian energy major Gazprom. It's the fourth largest oil producer in Russia and said its first quarter production was about...
High demand means higher gasoline prices, report finds
Aug 08, 2017 (UPI)
Motor club AAA reports a national average retail price for a gallon of regular unleaded gasoline at $2.35 for Tuesday, a slight increase from the previous day, ...
Libyan oil production issue resolved
Aug 08, 2017 (UPI)
A worker protest during the weekend led to halt in production from the Sharara field, the nation's largest. According to Bloomberg News, which first reported th...
Win-win deal for Baker Hughes and offshore Papua New Guinea
Aug 08, 2017 (UPI)
The oil and gas unit of General Electric and drilling services company Baker Hughes agreed last year to a merger that put GE in control of an entity that at the...
Shale-rich Oklahoma sees widespread economic growth
Aug 08, 2017 (UPI)
In its latest estimate, the federal Bureau of Economic Analysis reported gross domestic product increased in Oklahoma for the second quarter in a year, followin...
First batch of regional troops arrive in South Sudan
Aug 08, 2017 (AFP)
The UN Security Council decided a year ago to deploy a 4,000-strong regional force, two months after fighting in the capital Juba killed hundreds of people and ...
United Arab Emirates, an OPEC member, eyes more oil production
Aug 08, 2017 (UPI)
The company, known by its acronym, ADNOC, said it was in "advanced discussions" with more than a dozen potential partners expressing an interest in offshore are...
Moody's: Energy-rich Qatar facing economic risks
Aug 08, 2017 (UPI)
Saudi Arabia in June led a coalition of Middle East countries in severing ties with Qatar, adding a layer of geopolitical risk to the global energy market. Saud...
Oil prices relatively even on wait-and-see Tuesday
Aug 08, 2017 (UPI)
Parties to an agreement from the Organization of Petroleum Exporting Countries to balance an oversupplied market with production declines are wrapping up meetin...
Venezuela army hunts rebels behind raid on military base
Aug 07, 2017 (AFP)
The defense minister and head of the armed forces, General Vladimir Padrino, said the ex-National Guard captain, Juan Carlos Caguaripano, and the lieutenant, Je...
GasBuddy: Gas prices could go higher, but not too much
Aug 07, 2017 (UPI)
Price-reporting company GasBuddy listed a national average retail price for a gallon of gasoline at $2.35 for Monday, the highest level since June. The company ...
OPEC's uphill effort leaves oil prices in negative territory
Aug 07, 2017 (UPI)
Crude oil prices broke out of the mid-$40 range in mid June as demand factors started to show up as declining oil and gasoline inventories. Brent, the global be...
Poland says it could eventually do without Russian gas
Aug 07, 2017 (UPI)
Poland relies on Russian energy company Gazprom for most of its natural gas shipments, though, like its European counterparts, it has tried to diversify its eco...
Oil success continues offshore Senegal
Aug 07, 2017 (UPI)
Australian energy company FAR Ltd. and British company Cairn Energy, the operator, said they've discovered oil at the so-called Sirius Prospect in waters just t...
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