OIL

10,863 articles

Canada turns economic corner, but oil headwinds remain
Jun 13, 2017 (UPI)
The Central Bank of Canada reported an inflation rate of around 1.6 percent for April, below its 2 percent target for growth. The nation's economy, which relies...
Shell payment disclosures welcomed, but with caveats
Jun 13, 2017 (UPI)
Shell released details on payments made to more than two dozen governments in countries where it does business. The disclosure obliges with requirements made by...
Flooded markets mean low gas prices for U.S. commuters
Jun 13, 2017 (UPI)
The motor club reported a national average retail price for a gallon of regular unleaded gasoline at $2.33 for Tuesday, a slight decline from the previous day, ...
Balance delays, inequality push oil prices lower
Jun 13, 2017 (UPI)
Crude oil prices notched modest gains in the Monday session as investors looked for an easy way back into the market after Brent crude oil broke through the $50...
Canadian oil hike puts Trudeau climate action in doubt
Jun 13, 2017 (AFP)
Currently the world's sixth largest oil producer, Canada expects to hike production by 32 percent to 5.1 million barrels per day by 2030, according to the Canad...
Oil markets slow to balance, OPEC economists say
Jun 13, 2017 (UPI)
Parties to an agreement led by the Organization of Petroleum Exporting Countries to balance the market through managed production declines decided to extend the...
Anti-trust issues cleared for Baker Hughes, GE merger
Jun 13, 2017 (UPI)
The companies filed a consent decree in a district court in Washington D.C. that outlines GE's divestment from its water and process technology unit, part of a ...
No change in oil production plans, Kazakh oil company says
Jun 13, 2017 (UPI)
Kazakhstan, under the terms of an agreement coordinated by the Organization of Petroleum Exporting Countries, sidelined about 20,000 barrels per day. It's one o...
Crude oil market looks past last week's nosedive
Jun 12, 2017 (UPI)
Crude oil prices lost significant ground last week after the U.S. Energy Information Administration showed a surprise build in oil inventories in the world's le...
Report: Big oil could find portfolio balance with renewables
Jun 12, 2017 (UPI)
Wood Mackenzie said wind and solar energy are emerging as commercial prospects that could help diversify legacy oil and gas assets in companies from Chevron to ...
Kuwaiti media: Deeper OPEC cuts may be needed
Jun 12, 2017 (UPI)
Members of the Organization of Petroleum Exporting Countries in January began implementing a deal to sideline the equivalent of about 2 percent of the global de...
Business as usual, Qatar Petroleum said
Jun 12, 2017 (UPI)
Qatar is a member of the Organization of Petroleum Exporting Countries and a world leader in the delivery of liquefied natural gas. Qatar Petroleum, the state-o...
Nanoparticles and magnets offer new, efficient method of removing oil from water
Jun 12, 2017 (SPX)
In a study published this spring in the Journal of Nanoparticle Research, the researchers used magnetic nanoparticles to separate oil from water through a simpl...
Iran prioritizes development of shared oil fields
Jun 12, 2017 (UPI)
Ali Kardar, the deputy petroleum minister, said neighboring Iraq and Qatar have extracted oil and gas reserves with the help of multinational energy companies a...
Subsea pipelines offer shelter to important commercial fish species in Australia
Jun 12, 2017 (UPI)
The North West Shelf, which lies off the coast of Western Australia, features an array of gas wells, subsea pipelines and other kinds of underwater infrastructu...
Democrats aim to block Atlantic energy surveys
Jun 12, 2017 (UPI)
President Donald Trump's administration issued a draft for public comment in the federal registry last week for seismic airgun blasting in the Atlantic Ocean, a...
Crude oil prices tread water after British election
Jun 08, 2017 (UPI)
With less than two weeks to go before divorce negotiations begin with the European Union, May saw her hold on power eroded after snap elections. Facing calls to...
Norway's Statoil looks for balanced energy mix
Jun 08, 2017 (UPI)
"Statoil supports the Paris agreement," CEO Eldar Saetre said in a statement. "We believe that being able to produce oil and gas with lower emissions, while als...
Economy improves in shale-rich Oklahoma
Jun 08, 2017 (UPI)
Oklahoma accounts for as much as 5 percent of the total national output of crude oil, making it one of the more significant oil producers in the nation. It's th...
Corporate spat suggests Senegal oil is the real deal
Jun 08, 2017 (UPI)
Cairn Energy and two Australian energy companies, FAR Ltd. and Woodside Petroleum, are leading in the efforts to capitalize on the oil potential off the coast o...
Buy Advertising About Us Editorial & Other Enquiries Privacy statement
The content herein, unless otherwise known to be public domain, is Copyright 1995-2026 Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principles for news reporting and research purposes.