OIL

10,863 articles

An Arctic oil spill is a security concern, U.S. says
May 09, 2017 (UPI)
Littoral states to Arctic waters made the first steps toward forming the Arctic Council in the 1990s to address sovereignty, aboriginal rights and security issu...
South Sudan president sacks controversial army chief
May 09, 2017 (AFP)
General Paul Malong, long regarded as an ethnic nationalist of Kiir's majority Dinka tribe, was replaced by General James Ajongo Mawut, a career soldier. "The d...
Austria anticipating fluid financial exchanges with Iran
May 09, 2017 (UPI)
Friedrich Stift, the Austrian envoy, was quoted in the semiofficial Fars News Agency as saying bilateral economic exchanges were required for improved trade rel...
U.S. motorists win in weak oil market
May 09, 2017 (UPI)
Motor club AAA reported a national average retail price for a gallon of regular unleaded gasoline at $2.34, down about 1 cent from Monday, 4 cents from last wee...
Asian investments may target U.S. shale
May 08, 2017 (UPI)
A report published Monday from analysis group Wood Mackenzie finds Asian companies geared toward exploration and production, known as the upstream sector of the...
New technology measures small-scale currents that transport ocean plastics, oil spills
May 08, 2017 (SPX)
This new technique, which includes a specialized video camera to remotely sense currents in the upper few centimeters of the water column, can help scientists m...
Oil prices continue downward trend despite OPEC talk
May 08, 2017 (UPI)
French voters moved in favor of centrist candidate Emmanuel Macron in the Sunday election in a rebuke of the populist far-right Marine Le Pen, who called for a ...
West Africa evolving as a new natural gas frontier
May 08, 2017 (UPI)
The British energy company said it confirmed a "major" discovery of natural gas off the coast of Mauritania and Senegal alongside joint venture partner Kosmos E...
Gazprom starts construction of Turkish gas pipeline
May 08, 2017 (UPI)
Russian energy company Gazprom said construction of a pipeline known variably as TurkStream or Turkish Stream started during the weekend from the Russian waters...
New oil and gas drilling slated for Barents Sea
May 08, 2017 (UPI)
The Norwegian Petroleum Directorate said it gave Lundin the approval to drill an exploration well in a Barents Sea prospect dubbed Alta. "Drilling is scheduled ...
Russia in favor of extended oil production cuts
May 08, 2017 (UPI)
"Russia is in solidarity with the efforts of the partners aimed at rebalancing the market and believes that the joint initiative to stabilize the world oil mark...
Iran sees oil production growing through multilateral agreements
May 08, 2017 (UPI)
Iran on Monday started Day 2 of a four-day oil and gas conference in Tehran. The oil ministry's official news website Shana reported there were thousands of exh...
TransCanada examining shipper commitments to Keystone XL
May 05, 2017 (UPI)
TransCanada posted its results for a first quarter that saw U.S. President Donald Trump fast-track the approval for the long-delayed Keystone XL oil pipeline, f...
Total EU emissions tied to fossil fuels declined last year
May 05, 2017 (UPI)
Eurostat, the record-keeping arm of the European Union, reported a preliminary estimate for carbon dioxide emissions from fossil fuels declined 0.4 percent comp...
Wild ride for oil prices in early Friday trading
May 05, 2017 (UPI)
The loss in crude oil prices approached 5 percent in Thursday trading as expectations about the effectiveness of an effort by the Organization of Petroleum Expo...
Russia announces oil production milestone above Arctic Circle
May 05, 2017 (UPI)
A subsidiary of Gazprom Neft, the oil arm of Russian energy company Gazprom, said Friday total cumulative production from the Novoportovskoye field above the Ar...
Oil-rich Alberta lands energy agreement with Japan
May 05, 2017 (UPI)
Alberta Premier Rachel Notley concluded a recent tour of Asia alongside Economic Development and Trade Minister Deron Bilous. Three of 10 days were spent in Jap...
Year-on-year gains in oil and gas tax collections for Oklahoma
May 05, 2017 (UPI)
Oklahoma is one of the top contributors to total U.S. oil production, accounting for about 5 percent of the nation's total output. Lower crude oil prices curbed...
Mixed production figures for Continental Resources
May 04, 2017 (UPI)
Continental is a lead operator in shale basins in North Dakota and Oklahoma, among the top oil producers outside of Texas. The company said first-quarter net pr...
Crude oil prices lose grip on psychological barrier of $50 per barrel
May 04, 2017 (UPI)
Crude oil prices fluctuated between gains and losses for most of the session Wednesday following an official report on supply and demand metrics from the U.S. E...
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