OIL

10,863 articles

Oman takes $3.55 bln China loan to cover budget deficit
Aug 02, 2017 (AFP)
The sultanate had originally planned to raise $2 billion on the Chinese market but raised the amount because of strong demand, the finance ministry said. It sai...
Oil muted, but could get lift from demand
Aug 02, 2017 (UPI)
After a steady rally pushed major indices above the $50 mark for the first time in months, crude oil prices at one point dropped about 3 percent during the prev...
China defends gasfield activity in East China Sea
Aug 02, 2017 (AFP)
The two countries both claim islands in the East China Sea controlled by Japan, which knows them as Senkaku, and regularly send ships to nearby waters to assert...
Japan protests Chinese gasfield activity in East China Sea
Aug 01, 2017 (AFP)
The two countries have a longstanding dispute over islands in the East China Sea controlled by Japan, which knows them as Senkaku, and claimed by China, which c...
Canadian oil struggling for world position
Aug 01, 2017 (UPI)
The National Energy Board said that, as of July 7, it expected total production of crude oil and equivalent will be 4.05 million barrels per day for the year, w...
Turkey, Qatar launch joint military exercises: reports
Aug 01, 2017 (AFP)
The exercises come as Ankara presses on with its unequivocal backing of Doha in the crisis triggered by the political and economic isolation of Qatar by Gulf an...
BP's CEO: Prepare for the new oil price environment
Aug 01, 2017 (UPI)
"We delivered strong operational performance in the first half of 2017 and have considerable strategic momentum coming into the rest of the year and 2018, with ...
Oil prices drop after Venezuelan risk wanes
Aug 01, 2017 (UPI)
The U.S. Treasury Department placed sanctions on Venezuelan President Nicolas Maduro after he went ahead with weekend elections seen as consolidating his grip o...
U.S. insists all options are on the table with Venezuela
Aug 01, 2017 (UPI)
Crude oil prices edged higher late last week and into Monday on expectations that the U.S. government would respond to weekend elections in Venezuela with sanct...
New technology promises to curb wasteful methane flaring
Aug 01, 2017 (UPI)
Space images of North Dakota on an average summer night reveal a state peppered with bright flares. The light emanating from the state's northwest corner isn't ...
U.S. gas prices for August could be the highest for the year
Aug 01, 2017 (UPI)
Motor club AAA reports a national average retail price for a gallon of regular unleaded gasoline at $2.32 for Tuesday, up a fraction of a percent from Monday an...
Senegalese oil plans well funded, Australian company says
Jul 31, 2017 (UPI)
FAR Ltd., an Australian energy company and one of the early movers into West Africa, said two blocks offshore Gambia hold at least 1 billion barrels of oil. Off...
Oil's rally caught between future of Venezuelan oil, OPEC compliance
Jul 31, 2017 (UPI)
The U.S. government could take a tougher line on Venezuela after President Nicolas Maduro went ahead with an election that his critics viewed as a grip on power...
Germany says 'nein' to U.S. energy ambitions, survey shows
Jul 31, 2017 (UPI)
Forsa Institute, one of the leading polling firms in Germany, conducted a survey of public opinion about the regional energy industry on behalf of German energy...
Lots of ideas on offer for how to rewrite Venezuela's constitution
Jul 30, 2017 (AFP)
The socialist Maduro is accused of holding the vote as a way to extend his powers and stay in office beyond the end of his term next year in this oil-rich count...
Norway's Statoil posts production, earnings gains
Jul 27, 2017 (UPI)
Statoil reported adjusted earnings for the second quarter of $3 billion, up from the $913 million reported in the same period last year. The company attributed ...
Shell's posts strong recovery, after a dismal 2016
Jul 27, 2017 (UPI)
The Dutch supermajor, trimmed down after a merger last year with British energy company BG Group, reported a strong rebound so far in 2017, after turning in one...
Slow start for oil prices after U.S. GDP report
Jul 27, 2017 (UPI)
With second quarter earnings season under way, crude oil prices moved in mixed territory for much of the session Thursday, before settling up. Exxon Mobil said ...
Nigerian media reports halt to some crude oil production
Jul 27, 2017 (UPI)
Militants struck a crude oil pipeline in Nigeria early this week, sidelining more than 100,000 barrels of oil per day. On Wednesday, militants abducted dozens o...
Kuwait gets first integrated national center for defense against WMDs
Jul 27, 2017 (UPI)
The chemical, biological, radiological and nuclear, or CBRN, center is now operational and covers the entire country with fixed and mobile sensors and units. "T...
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