OIL

10,863 articles

RBC: Energy markets not taking Qatar risk seriously
Jun 30, 2017 (UPI)
Saudi Arabia earlier this month led a coalition of Middle East countries in severing ties with Qatar, adding a layer of geopolitical risk to the global energy m...
Crude oil prices extend rally, but it might not last
Jun 30, 2017 (UPI)
"Crude was in correction mode this week, and on course for an eighth straight day of gains Friday in Asia," Vandana Hari, an industry analyst for Vanda Insights...
Trump administration charts path to energy dominance
Jun 30, 2017 (UPI)
"We will be dominant," U.S. President Donald Trump said during an event at the nation's Department of Energy. "We will export American energy all over the world...
Kuwaiti oil exports to Japan increased
Jun 30, 2017 (UPI)
Pointing to data from the Japanese government, the official Kuwait News Agency, known also as KUNA, said Kuwait was No. 3 behind Saudi Arabia and the United Ara...
Alberta's economy expanding, finance minster says
Jun 30, 2017 (UPI)
Alberta's economy dipped into recession last year under the dual strains of lower oil prices and spring wildfires that sidelined about 1 million barrels of oil ...
Gazprom touts progress of Chinese gas pipeline
Jun 30, 2017 (UPI)
"Today we're finalizing the discussion of the exact schedule for the launch of supplies via the 'eastern route' in compliance with the contract," Gazprom Chief ...
Gas development boosts opportunities in British North Sea
Jun 30, 2017 (UPI)
The company announced it landed a contract for services to help Maersk Oil with platform installations for the Culzean natural gas field. "There are fewer major...
Texas oil optimism entrenched, but clouds linger
Jun 29, 2017 (UPI)
The Federal Reserve Bank of Dallas said in a quarterly report that oil and gas production increased for the third quarter in a row, but the pace of growth is sl...
Hoax or not, Venezuela chopper caper spells trouble
Jun 29, 2017 (AFP)
Authorities said they were still hunting the man accused of piloting the helicopter from which grenades were dropped on the Supreme Court on Monday: Oscar Perez...
Largest floating LNG facility sets sail for home field in Australia
Jun 29, 2017 (UPI)
Shell's aviation subsidiary in Australia sold in March to independent Viva Energy Australia for $250 million, in line with the Dutch supermajor's efforts to str...
British report eyes lower cost for North Sea decommissioning
Jun 29, 2017 (UPI)
The Oil and Gas Authority said Thursday it would cost about $77.3 billion to decommission offshore infrastructure. With the right cost-cutting plans in place, t...
New drilling slated for pioneer area in the Barents Sea
Jun 29, 2017 (UPI)
The Norwegian subsidiary of Lundin Petroleum was granted a permit to conduct drilling operations well north of Johan Castberg. The license is for a wildcat well...
Shell endorses climate task-force recommendations
Jun 29, 2017 (UPI)
"I agree that companies should be clear about how they plan to be resilient in the face of climate change and energy transition," Shell CEO Ben van Beurden said...
Oilfield services company Wood Group sees only modest recovery
Jun 29, 2017 (UPI)
"In the first half [of the year], we have seen continued challenges in our core oil and gas market with modest recovery only in certain areas," the company said...
Oil extends rally by another day
Jun 29, 2017 (UPI)
Crude oil prices were supported this week by industry and government data showing the level of oil and gas inventories in the United States, the world's leading...
Mixed start for crude oil prices as investors examine competing data
Jun 28, 2017 (UPI)
The American Petroleum Institute, an industry group, reported late Tuesday that U.S. crude oil inventories increased by about 850,000 barrels last week, a surpr...
Hydraulic fracturing rarely linked to felt seismic tremors
Jun 28, 2017 (SPX)
For the past two years, UAlberta geophysicist Mirko Van der Baan and his team have been poring over 30 to 50 years of earthquake rates from six of the top hydro...
Washington: An energy-dominant U.S. is free from external shocks
Jun 28, 2017 (UPI)
U.S. President Donald Trump is highlighting his energy strategy this week as the Energy Department's independent Energy Information Administration holds its ann...
No problem, Russian oil company says after cyberattack
Jun 28, 2017 (UPI)
Rosneft said Wednesday its operations were proceeding as usual after it switched over to a reserve control system following a cyberattack that swept across most...
Gas prices inching lower ahead of U.S. holiday weekend
Jun 27, 2017 (UPI)
The motor club reports a national average retail price for a gallon of regular unleaded at $2.25 for Tuesday, about a penny less than the previous day and the 2...
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