OIL

10,863 articles

Iraq agrees to nine-month extension of OPEC production cut: minister
May 22, 2017 (AFP)
"We are in agreement with the kingdom (of Saudi Arabia)... to continue the production cut" for another nine months, Jabbar al-Luaybi told a news conference in B...
OPEC-fueled oil price rally extends into second week
May 22, 2017 (UPI)
Russia and Saudi Arabia sparked a rally last week in crude oil prices when they suggested extending a multilateral agreeing to curb production into early 2018, ...
BP says its North Sea portfolio is on the rebound
May 22, 2017 (UPI)
Working under the Quad 204 regional redevelopment effort, the company said it started oil production from the Schiehallion area west of the Shetland area of the...
Tunisia protester death raises fears of more unrest
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...
Oil production starts for Vitol offshore Ghana
May 22, 2017 (UPI)
Vitol and Italian energy company Eni are leading efforts alongside the Ghana National Petroleum Corp. to draw on the oil and gas reserves at the Sankofa reservo...
Iran sees need for major offshore investments
May 22, 2017 (UPI)
Rouhani beat out a challenge from conservative rival Ibrahim Raisi to secure a second term in office. Under Rouhani's tenure, Iran has drawn investment interest...
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...
Tunisian protesters shut down pumping station
May 20, 2017 (AFP)
Earlier, soldiers twice fired warning shots into the air on Saturday to stop demonstrators from storming the El Kamour gas and oil pumping station, official med...
Defence deal with Saudi to counter 'malign Iranian influence': Tillerson
May 20, 2017 (AFP)
"The package of defence equipment and services supports the long-term security of Saudi Arabia and the entire Gulf region," Tillerson told reporters in Riyadh, ...
Alaska up for first offshore lease since 2008
May 19, 2017 (UPI)
"We conducted a robust environmental analysis and look forward to holding Alaska's first Outer Continental Shelf lease sale since 2008," Walter Cruickshank, the...
U.S. posture on Iran a threat to oil development
May 19, 2017 (UPI)
A report Friday from Verisk Maplecroft finds there is a global risk from policies embraced by U.S. President Donald Trump that prioritize domestic development o...
UN envoy slams deadly attack in Libya's south
May 19, 2017 (AFP)
Members of the Third Force militia loyal to the UN-backed Government of National Accord in Tripoli attacked an airbase used by military strongman Khalifa Haftar...
April production from Norway down from March by 2 percent
May 19, 2017 (UPI)
The National Petroleum Directorate said preliminary data for April show a daily production of 1.7 million barrels of oil, 377,000 barrels of natural gas liquids...
Cairn fully funded for North Sea, Senegalese oil plans
May 19, 2017 (UPI)
Cairn, one of Europe's leading independent oil and gas exploration and development companies, said it was moving ahead on exploiting the developing basins off t...
Oil rally in high gear ahead of OPEC meeting
May 19, 2017 (UPI)
Saudi Arabia and Russia introduced a proposal at the start of the trading week to extend the agreement to curb crude oil production through managed declines int...
Dallas Fed: Oil and gas sector recovery apparent
May 19, 2017 (UPI)
"The oil and gas sector continued its recovery in April," a report from the Federal Reserve Bank of Dallas read. Lower crude oil prices last year left energy co...
Oil and gas well cleanup may create jobs in Alberta
May 19, 2017 (UPI)
The government in a province at the heart of the Canadian energy sector said it introduced a measure that would extend a $172 million loan arrangement to the Or...
More drilling on tap for North Sea
May 18, 2017 (UPI)
The Petroleum Safety Authority of Norway said it signed off on plans submitted by the regional subsidiary of Faroe Petroleum to drill at a discovery east of the...
Diesel vehicles produce 50 percent more nitrogen oxide than originally thought
May 18, 2017 (SPX)
The research, led by the International Council on Clean Transportation and Environmental Health Analytics, LLC., in collaboration with scientists at the Univers...
Oil prices fall on slow drain of supplies
May 18, 2017 (UPI)
Crude oil prices had been on a steady rise for most of the week on word that parties to a multilateral agreement, coordinated by the Organization of Petroleum E...
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