OIL

10,863 articles

State governors call on Trump to stay in Paris climate deal
May 04, 2017 (UPI)
Twelve state governors, including those rich in shale natural resources, signed a letter to President Donald Trump requesting continued alignment with the globa...
Trump's offshore drilling order legal, backers say
May 04, 2017 (UPI)
An executive order from U.S. President Donald Trump issued April 28 calls for federal lease sales to include new parts of the Gulf of Mexico, the Atlantic Ocean...
How fluids flow through shale
May 04, 2017 (SPX)
But new computer simulations, described this week in the journal Physics of Fluids, from AIP Publishing, can better probe the underlying physics, potentially le...
More oil activity expected in Kurdish Iraq, DNO says
May 04, 2017 (UPI)
Norwegian oil and gas company DNO said first quarter results showed a profit of $15 million, against a $31 million loss in the previous term. Revenues were up 8...
Divestment, retooling strategy has paid off, Shell says
May 04, 2017 (UPI)
Shell joins industry peers like British supermajor BP in declaring a first quarter success. Crude oil prices and market conditions have improved since first qua...
State-wide inspections follow fatal Colorado gas explosion
May 03, 2017 (UPI)
Two people were left dead and one person was critically injured after a gas explosion in Firestone, a town in Weld County. Colorado Gov. John Hickenlooper calle...
Chinese energy companies looking for offshore foothold
May 03, 2017 (UPI)
Companies ranging from the China National Offshore Oil Corp. to the China Petroleum Chemical Corp. attended the annual Offshore Technology Conference in Houston...
Norwegian player Lundin says performance was 'outstanding'
May 03, 2017 (UPI)
The company said in its outline for the first quarter that total production was 82.6 million barrels of oil equivalent per day, at the upper end of its guidance...
Spain drops underwater gas storage project over quake risk
May 03, 2017 (AFP)
The government suspended the injection of gas into the Castor storage plant in the Gulf of Valencia in September 2013 just months after it started operating, fo...
Oil stages rally, but faces test later in the trading day
May 03, 2017 (UPI)
Crude oil prices posted steep declines in Tuesday trading following reports of slowdowns in the U.S. and Chinese economies, the two largest in the world. A U.S....
Pentagon concerned about lifting offshore drilling moratorium
May 03, 2017 (UPI)
A letter from the Department of Defense to U.S. Rep. Matt Gaetz, D-Fla., expressed concern about recent executive action from President Donald Trump that could ...
Russia, Turkey agree to lift nearly all trade restrictions: Putin
May 03, 2017 (AFP)
"You asked when we can speak about the lifting of the restrictions that emerged some time ago. We can speak of that today," Putin said at a news conference alon...
Gas prices holding steady for U.S. commuters
May 02, 2017 (UPI)
Motor club AAA reports a national average retail price for a gallon of regular unleaded gasoline at $2.38, down slightly from the previous day and 1.4 percent, ...
BP sees the slow dawn of market balance
May 02, 2017 (UPI)
The British energy company reported a first quarter profit of $1.5 billion, compared with a year-over-year loss of $583 million. BP is joining its industry peer...
More oil coming from Norway, possibly sooner than expected
May 02, 2017 (UPI)
Wintershall said its flagship Maria field offshore Norway is progressing steadily toward development by utilizing existing infrastructure to conserve capital. D...
Possible demand concerns sink oil price rally early Tuesday
May 02, 2017 (UPI)
Crude oil prices had recovered most of Monday's losses in overnight trading as analysts guessed at economic trends in the United States and China, the world's t...
Relief continues for Canadian municipality hit by wildfires
May 02, 2017 (UPI)
Blazes that devastated parts of Fort McMurray last May idled about 1 million barrels per day worth of regional oil production. About 4,000 small businesses were...
After China's growth bruised oil, IMF sees impact from aging
May 02, 2017 (UPI)
Crude oil prices turned lower in Monday trading following a report from the U.N. Economic and Social Commission for Asia and the Pacific that found Chinese econ...
Pull out of Paris climate deal, energy group tells Trump
May 01, 2017 (UPI)
The Western Energy Alliance, a trade group representing the business interests of the exploration and production sector in several western states, said Presiden...
Oil prices lower on softening China
May 01, 2017 (UPI)
Crude oil prices moved lower during the latter half of April as U.S. crude oil production recovered on the back of improved market conditions. On Friday, oilfie...
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