OIL

10,863 articles

Holiday demand pushes gas prices slightly higher
May 31, 2017 (UPI)
Coming off the long Memorial Day weekend in the United States, the motor club said in its weekly retail market report that demand was finally eating into gasoli...
Saudi Arabia rolls out $5.2 billion offshore support facility
May 31, 2017 (UPI)
The company known commonly as Saudi Aramco said it signed agreements with Emirati offshore rig company Lamprell, the National Shipping Company of Saudi Arabia a...
Wood Mac: Iraqi oil sector underperforming
May 31, 2017 (UPI)
Iraq is one of the largest producers in the Organization of Petroleum Exporting Countries and agreed to limit it output to 4.35 million barrels per day for the ...
Norway lauded for energy and climate balance
May 30, 2017 (UPI)
A report published Tuesday by the International Energy Agency found Norway is a main factor in European energy security because it's a dependable supplier of oi...
Gazprom, Shell review LNG opportunities
May 30, 2017 (UPI)
Gazprom Chairman Alexei Miller hosted delegates from Shell at his Moscow office to discuss future collaboration on projects covered under strategic cooperation ...
Israeli gas player Delek Group has strong first quarter
May 30, 2017 (UPI)
The company reported earnings of $61.5 million during the first quarter, more than double what it posted last year. Working through its subsidiaries, the compan...
Iran could see new oil deals by July
May 30, 2017 (UPI)
A report from Shana, the official news agency of the Iranian Oil Ministry, stated that Petroleum Minister Bijan Zangeneh "will hopefully" sign the first oil dea...
Canada's Husky Energy expects to do more with less
May 30, 2017 (UPI)
The company said it aims to increase overall production from around 325,000 barrels of oil equivalent per day in 2017 to about 395,000 barrels of oil equivalent...
ExxonMobil faces climate showdown at annual meeting
May 30, 2017 (AFP)
The US oil giant has successfully beaten back shareholder proposals on climate change for years, but the measures have been picking up momentum and a number of ...
Russia sees oil and gas cooperation potential with Saudi Arabia
May 30, 2017 (UPI)
Russian Energy Minister Alexander Novak hosted his Saudi counterpart, Khalid al-Falih, in Moscow just weeks after both sides tabled a proposal that led to the f...
Demand may be dragging oil prices lower Tuesday
May 30, 2017 (UPI)
Crude oil prices on Friday clawed back from a loss of roughly 5 percent following a decision by the Organization of Petroleum Exporting Countries to extend a pr...
Low gas prices expected for Memorial Day weekend
May 26, 2017 (UPI)
Gasoline prices typically move higher into the long Memorial Day holiday weekend because of demand pressures. Motor club AAA lists a national average retail pri...
U.S. oil production centers shift away from hurricane belt
May 26, 2017 (UPI)
Meteorologists with the National Oceanic and Atmospheric Administration's Climate Prediction Center said this year's hurricane season in the Atlantic, which ext...
FAR Ltd. taps oil prospect offshore Senegal
May 26, 2017 (UPI)
The Australian energy company said the partnership working off the coast of West Africa started drilling in the FAN prospect in the deep waters of Senegal. The ...
Fifty years of Lagos. But what about the next 50?
May 26, 2017 (AFP)
But how do those who have made their name in Lagos envisage the city in 50 years' time? - Leye Adenle - Leye Adenle was born in Nigeria in 1975. His first book,...
OPEC, non-OPEC alliance not strong enough to limit North America
May 26, 2017 (UPI)
Parties to a multilateral agreement that sidelined about 1.8 million barrels per day said Thursday the deal would continue into March 2018, three months longer ...
Russia's Gazprom in talks with Iran
May 26, 2017 (UPI)
Russian news agency Tass reported that Iranian Oil Minister Bijan Zangeneh met on the sidelines of a conference steered by the Organization of Petroleum Exporti...
A new material for purifying natural gas
May 26, 2017 (SPX)
Researchers from King Abdullah University of Science and Technology (KAUST)1, l'Institut Lavoisier Versailles, and l'Institut Charles Gerhardt Montpellier recen...
New oil production starts offshore Brazil
May 26, 2017 (UPI)
The company announced the consortium working in the Santos Basin off the coast of Brazil started production from the Lula South prospect using a floating produc...
Oil prices manage soft rebound after Thursday's slump
May 26, 2017 (UPI)
Parties to an agreement steered by the Organization of Petroleum Exporting Countries to sideline about 1.8 million barrels of oil per day left the arrangement s...
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