OIL

10,863 articles

Michigan, a volatile market for gas prices, sees demand go up
May 25, 2017 (UPI)
Motor club AAA reports a national average retail price for a gallon of regular unleaded gasoline at $2.37 for Thursday, one day before the start of the long Mem...
Wood Mac: Don't expect an OPEC-fueled rally in crude oil prices
May 25, 2017 (UPI)
Parties to a measure coordinated by the Organization of Petroleum Exporting Countries are meeting in Vienna to review an agreement to sideline about 1.8 million...
Preliminary data show Texas oil production down year-on-year
May 25, 2017 (UPI)
The Railroad Commission of Texas, the state energy regulator, reported a preliminary volume of crude oil and condensate, an ultra-light form of oil found in som...
Oil prices lower as OPEC reviews extending production cut deal
May 25, 2017 (UPI)
Ministers assigned to a joint committee monitoring an agreement to sideline 1.8 million barrels per day to balance an oversupplied market left a meeting Wednesd...
Budget for shale-rich Oklahoma disappoints
May 25, 2017 (UPI)
Legislators in Oklahoma agreed to a budget that cuts funding for most state agencies. The bill cuts funding by about 5 percent for most state agencies, but give...
Iran networking with energy companies from Vienna
May 25, 2017 (UPI)
Iranian Oil Minister Bijan Zangeneh met on the sidelines of a multilateral conference steered by the Organization of Petroleum Exporting Countries with Patrick ...
Trump budget not a hit for some oil-rich states
May 24, 2017 (UPI)
A budget plan unveiled by the White House this week pegs a balanced budget in part to the sale of half of the 688 million barrels of oil stored in the Strategic...
British petrochemicals company INEOS expands oil and gas holdings
May 24, 2017 (UPI)
INEOS announced the unconditional payment for the entire portfolio held by the oil and gas subsidiary of DONG. With the $1 billion acquisition, INEOS becomes a ...
Russian oil company reports higher production
May 24, 2017 (UPI)
Russia is the largest non-member contributor to an effort led by the Organization of Petroleum Exporting Countries to balance a market favoring the supply side ...
Rally in oil prices stumbles ahead of pivotal OPEC meeting
May 24, 2017 (UPI)
Crude oil prices drifted between slight gains and losses in the Tuesday session as a White House budget proposal that called for the sale of millions of barrels...
Iranian bank opens its first branch in Italy
May 24, 2017 (UPI)
The official Islamic Republic News Agency reported Saman Bank has opened a branch in Rome following meetings between officials with the Central Bank of Iran and...
IEA: U.S. shale oil production growth 'impressive'
May 24, 2017 (UPI)
IEA Executive Director Fatih Birol delivered a presentation on the state of the global energy market from Madrid. The low price for oil, by historical standards...
New North Sea production to start in June
May 24, 2017 (UPI)
The Norwegian Petroleum Directorate, the nation's energy regulator, issued its consent for the start of production operations from the Gina Krog field in the No...
OPEC-member Kuwait says oil prices won't spike
May 23, 2017 (UPI)
Kuwaiti Oil Minister Essam al-Marzouq said Tuesday a proposal is under consideration to increase the cuts outlined in an agreement coordinated in part by the Or...
Holiday demand, high oil prices working against drivers
May 23, 2017 (UPI)
The motor club lists a national average retail price for a gallon of regular unleaded gasoline at $2.36 per gallon for Tuesday, up a fraction of a cent from the...
Balanced U.S. budget depends on part on sale of strategic oil reserves
May 23, 2017 (UPI)
Crude oil prices were moving in negative territory early Tuesday on word a White House budget proposal relies in part on selling off parts of the Strategic Petr...
U.S. gasoline needs lower on improved fuel economy
May 23, 2017 (UPI)
A report from the U.S. Energy Information Administration said the number of miles logged by light-duty vehicles -- classified as passenger cars and light trucks...
OPEC chatter pulls oil out of big overnight slump
May 23, 2017 (UPI)
Crude oil prices were down more than 1 percent in overnight trading as investors mulled over a U.S. budget proposal that would seek to balance the books in part...
Exxon bringing Saudi partner to U.S. petrochemicals
May 22, 2017 (UPI)
U.S. President Donald Trump led White House officials to Riyadh to mark his first-ever state visit since taking office. On the sidelines of the visit, affiliate...
Tunisia protester 'accidentally' killed in south
May 22, 2017 (AFP)
The death comes as tensions have risen between protesters and security forces outside the El Kamour oil and gas pumping station. Protesters have been camping ou...
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