OIL

10,863 articles

British oil and gas priorities not changed by election
Jun 08, 2017 (UPI)
British Prime Minister Theresa May faced calls to step down from her Labor Party rivals after the hold over the majority in Parliament for her Conservative Part...
Chinese oil imports up more than 10 percent
Jun 08, 2017 (UPI)
The General Administration of Customs reported that both imports and exports increased in China in May. Chinese exports were up 15.5 percent year-on-year, while...
Gazprom considering Japanese gas pipeline
Jun 08, 2017 (UPI)
Japanese companies are playing a role in the development of liquefied natural gas projects led by Gazprom in the Yamal Peninsula in the far north and on the Pac...
Alberta reviews wildfire response measures
Jun 08, 2017 (UPI)
The government said it was adopting a list of 31 recommendations made by independent reviewers for how it responds to wildfires. Alberta lies at the center of C...
EU renews concerns over Russian gas pipeline
Jun 08, 2017 (UPI)
European opposition to expanding the Russian natural gas pipeline through the Baltic Sea faded early this year after the European Commission found no legal grou...
Pressure increases on energy-rich Qatar
Jun 08, 2017 (UPI)
Saudi Arabia and its regional allies on Monday severed ties with Qatar because of its alleged support for terrorist groups like al-Qaida and the Sunni militants...
Oil slips in part on subdued growth forecast from Europe
Jun 08, 2017 (UPI)
Eurostat, the statistics office for the European Union, reported first quarter growth rose 0.6 percent from the previous term. For the 19 countries that use the...
U.S. rig count doubled from last year
Jun 07, 2017 (UPI)
Rig counts serve as a loose metric to gauge the industry's interest in spending on exploration and production in a particular sector. A report last year from co...
Nigerian crude oil exports threaten market balance
Jun 07, 2017 (UPI)
A spokesperson for the Shell Petroleum Development Company of Nigeria Ltd said the company lifted force majeure, a contractual condition related to circumstance...
U.S. eating into OPEC market share, Texas economist says
Jun 07, 2017 (UPI)
Members of the Organization of Petroleum Exporting Countries and other producers, like Russia, agreed in January to sideline the equivalent of 2 percent of glob...
Statoil to drill in new Barents Sea prospect
Jun 07, 2017 (UPI)
The Norwegian Petroleum Directorate gave a drilling permit to Statoil to start drilling off the northern coast in a well designated 7219/9-2. "The drilling prog...
A sense of OPEC divisions a blow to oil prices
Jun 07, 2017 (UPI)
Lines in the sand emerged at the start of the week when Saudi Arabia led a coalition of Persian Gulf allies in severing ties with Qatar over allegations of supp...
Trafigura: Oil trade volumes up, but market is over-supplied
Jun 07, 2017 (UPI)
In an interim report for the period ending March 31, the Dutch company said demand for crude oil and refined products was strong, especially in the Asian econom...
Supply and demand factors leave U.S. gas prices stable
Jun 06, 2017 (UPI)
The motor club reported a national average price for a gallon of regular unleaded gasoline at $2.37 for Tuesday, down a fraction of a percent from the previous ...
Gas-rich Russia next to ponder impact of Qatari dust-up
Jun 06, 2017 (UPI)
Saudi Arabia coordinated with its regional allies to sever diplomatic ties with Qatar, a fellow member of the Organization of Petroleum Exporting Countries, bec...
Revenue from petroleum up for Norway
Jun 06, 2017 (UPI)
The Norwegian government's statistics office reported total revenue for the first quarter at $37.4 million, up 2.5 percent from the same period in the previous ...
More offshore oil openings from Trump draw criticism
Jun 06, 2017 (UPI)
The office of President Donald Trump issued a draft for public comment in the federal registry for seismic airgun blasting in the Atlantic Ocean. The practice i...
Some bearish trends setting in for crude oil
Jun 06, 2017 (UPI)
Crude oil prices declined in the previous session after rifts emerged among key members of the Organization of Petroleum Exporting Countries. Saudi Arabia on Mo...
Oil production in the Gulf of Mexico shows resilience
Jun 06, 2017 (UPI)
Platts RigData, a forecasting unit within pricing group S&P Global Platts, revealed a total U.S. rig count for May at 1,026, up 6 percent from the previous mont...
BP pumps more capital into North Sea programs
Jun 05, 2017 (UPI)
Cape Industrial Services said it secured 400 jobs in the North Sea energy sector in a contract that provides BP with storage tank services and other support acr...
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