OIL

10,863 articles

More oil possible from Libya, Nigeria, a report finds
Jul 06, 2017 (UPI)
A survey of production from members of the Organization of Petroleum Exporting Countries by Platts found total group production rose 220,000 barrels per day bet...
Companies invited to oil sector, Iran says
Jul 05, 2017 (UPI)
Iran shares borders with Iraq in the Azadegan oil field, which is estimated by Iran to hold around 6 billion barrels of recoverable oil reserves. Past contracts...
Missing Venezuelan chopper pilot in grenade attack reappears
Jul 05, 2017 (AFP)
In the clip, Oscar Perez urged Venezuelans to "stand firm in the streets" in their protests against socialist President Nicolas Maduro. "The moment is now, not ...
Forecast for the price of Brent crude oil cut by 8 percent
Jul 05, 2017 (UPI)
Crude oil is selling for less per barrel than when it started off the year, when the Organization of Petroleum Exporting Countries began implementing a deal to ...
Putin says energy is a priority for Russian, Chinese relations
Jul 05, 2017 (UPI)
Putin hosted Chinese President Xi Jinping at the Kremlin for bilateral talks. Touting the strength of the relationship, the Russian government said trade with C...
Moody's sees lingering credit risks for Qatar
Jul 05, 2017 (UPI)
Moody's said it changed its outlook on Qatar from stable to negative, but kept the overall debt rating at Aa3, because of the row with its neighbors, including ...
Oil rally fizzles on OPEC doubts
Jul 05, 2017 (UPI)
Crude oil prices entered July in the midst of one of the stronger surges in five years after reports last week showed a decline in U.S. crude oil production and...
More oil found in the Barents Sea
Jul 04, 2017 (UPI)
The Norwegian Petroleum Directorate, the nation's energy regulator, confirmed the presence of oil in a well drilled about 14 miles southwest of the Johan Castbe...
Oil recovery provides platform for Asia energy firms' rally
Jul 04, 2017 (AFP)
Crude lost around a fifth of its value between mid-May and mid-June, hitting 10-month lows, as traders fretted that a pick-up in US output was offsetting cuts b...
Gazprom to start new gas deliveries to China by end-2019
Jul 04, 2017 (AFP)
"Today a deal was signed...about the date of the start of gas deliveries through the 'Power of Siberia' pipeline. It is December 20, 2019," Gazprom boss Alexei ...
Norway managing era of low oil prices effectively, Moody's finds
Jul 03, 2017 (UPI)
"Lower oil prices have contributed to slower but still positive growth in Norway," Kristin Lindow, a Moody's senior vice president and co-author of a report fro...
More gas offshore Israel than originally thought
Jul 03, 2017 (UPI)
An independent reviewer, Netherland, Sewell & Associates, Inc., said the volume of natural gas estimated in the Tamar field stands at 11.2 trillion cubic feet, ...
Report: Heavy road freight nearly as polluting as coal
Jul 03, 2017 (UPI)
A report published Monday by the International Energy Agency found that if no improvements are made to the global fleet of heavy trucks, oil demand from the sec...
Footprint expands offshore West Africa for one energy company
Jul 03, 2017 (UPI)
Under the terms of an agreement, FAR takes on 80 percent of the interest in two blocks off the coast of Gambia from its partner, ERIN Energy Corp. The deal requ...
Why has Iran's investment gold rush been so slow to emerge?
Jul 03, 2017 (AFP)
But despite thousands of business delegates flooding into Tehran from all over Europe, Asia and beyond, big deals have been slow to emerge. That makes Monday's ...
Total-led group lands first contract in Iran in a decade
Jul 03, 2017 (UPI)
A consortium of French energy company Total, China National Petroleum Corp. and Petropars Ltd., a subsidiary of the state-run National Iranian Oil Co., signed a...
UN tells Qatar to mend fences with Gulf neighbours
Jul 03, 2017 (AFP)
Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman Al-Thani met with Security Council members on Friday to discuss the rupture in ties with Saudi Arabia, t...
Oil prices flirt with $50 on the first full trading day of July
Jul 03, 2017 (UPI)
Crude oil prices were pulled out of the long retraction that began in mid June in response to a slight decline in U.S. crude oil production levels. Lower rig co...
China taps 'combustible ice' for growing energy needs
Jul 02, 2017 (AFP)
Gas hydrates are found in the seabed as well as beneath permafrost but experts say extracting methane from the ice crystals is technologically challenging and e...
China gas pipeline blast kills eight: state media
Jul 02, 2017 (AFP)
The pipeline, operated by the state-owned oil giant China National Petroleum Corporation (CNPC) in the town of Shazi in Guizhou province, sprang a leak after it...
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