OIL

10,863 articles

Army declares loyalty to Maduro as Venezuela braces for giant demo
Apr 17, 2017 (AFP)
Venezuela is bracing for what Maduro's opponents vow will be the "mother of all protests" Wednesday, after two weeks of clashes between police and demonstrators...
Crude oil prices flat to start Monday, after rough overnight patch
Apr 17, 2017 (UPI)
Trading is muted Monday as some markets remain idled because of the Easter holiday. U.S. markets were closed Friday, but ended the trading week on a down note a...
Anticipating hazards from fracking-induced earthquakes in Canada and US
Apr 13, 2017 (SPX)
Hydraulic fracturing, or fracking, is a method of hydrocarbon recovery that uses high-pressure injections of fluid to break apart rock and release trapped oil a...
Russia plans to cut oil output by 300,000 barrels per day
Apr 12, 2017 (UPI)
"Our plans have not changed -- by the end of the month we will reduce daily reduction of oil output of 300,000 barrels," Russian Energy Minister Alexander Novak...
Thanks, but no thanks, BHP Billiton tells hedge fund
Apr 12, 2017 (UPI)
In a letter made public on Monday, managers at hedge fund Elliot Associates and Elliot International, which hold minor shares in BHP Billiton, called on the Aus...
Norwegian company Aker BP posts production gains
Apr 12, 2017 (UPI)
The company reported first quarter production of 145.3 million barrels of oil equivalent per day, an increase of 14.8 percent from the previous quarter. Most of...
Florida lawmaker fending off calls for oil and gas drilling
Apr 12, 2017 (UPI)
Industry groups like the American Petroleum Institute have praised executive orders from President Donald Trump that favor the oil and gas industry. With change...
Oil prices relatively flat after mixed report on supply and demand
Apr 12, 2017 (UPI)
Crude oil prices started the day Wednesday in positive territory, setting the stage for a steady string of gains. The rally evaporated quickly after the U.S. En...
Shell claims low-carbon edge
Apr 12, 2017 (UPI)
Shell highlighted its movement through a changing energy landscape in a sustainability report on activities last year. Chief Executive Officer Ben van Buerden s...
No end in sight for rally on crude oil prices
Apr 12, 2017 (UPI)
Crude oil prices have been in rally mode for several consecutive sessions and the price for Brent crude oil is up about 12 percent from one month ago. The marke...
Production down, sales up for Russian gas producer
Apr 11, 2017 (UPI)
Novatek, the largest private natural gas producer in Russia, said first quarter gas production was down nearly 10 percent from last year. The company reported p...
Gas prices up on geopolitical tensions, end of winter
Apr 11, 2017 (UPI)
A steady rise in crude oil prices and maintenance at the nation's refineries means steady pain at the pump for U.S. motorists, motor club AAA reports. AAA lists...
Potential grows for reserves offshore Norway
Apr 11, 2017 (UPI)
The results of an appraisal well in the Edvard Grieg oilfield in Norwegian waters could lead to an increase in the overall reserve estimate, a company said. Lun...
Russia stands by OPEC oil production commitments
Apr 11, 2017 (UPI)
Russia will be 100 percent in compliance with the terms of a production deal coordinated by OPEC by the end of the month, Russia's oil minister said. Russia is ...
Libya estimates field closure costing $9.8 million per day
Apr 11, 2017 (UPI)
The closure of one of the largest oil fields in Libya means a loss of about $9.8 million and the outage of huge volumes of oil, a national oil company said. Lib...
Weak start for oil prices ahead of data dump
Apr 11, 2017 (UPI)
Oil prices limped into the trading day early Tuesday after steady gains as investors took stock of the latest supply and demand trends. Signals of a tighter mar...
Iran vows to match Qatar in terms of overall energy production
Apr 10, 2017 (UPI)
Iran's Oil Ministry last month said production started from the oil layer in the South Pars field complex in the Persian Gulf for the first time. Using a floati...
Oil prices rally on geopolitical tensions
Apr 10, 2017 (UPI)
Geopolitical factors spilled over into the broader economic mood early Monday to send crude oil prices sharply higher in early trading. International relations ...
As Moscow expands, property boom sparks local ire
Apr 10, 2017 (UPI)
Now determined locals are fighting back to stop the developers in their tracks and preserve the environment, local heritage and their homes. And with some succe...
Alberta takes economic and trade message to Asia
Apr 10, 2017 (UPI)
Canadian Trade Minister Deron Bilous joins Alberta Premier Rachel Notley for a 10-day visit to China and Japan. "Our exports to Asia are represented by our majo...
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