OIL

10,863 articles

Norway's oil production lower than expected
Feb 21, 2017 (UPI)
Preliminary oil production figures for Norway show a daily average of about 1.6 million barrels per day, which the government said was lower than expected. The ...
OPEC talk sends oil prices sharply higher
Feb 21, 2017 (UPI)
Crude oil prices were boosted substantially early Tuesday by OPEC comments that a stable price point for oil has yet to be reached. Oil prices started the week ...
Libya signs deal with Russia's Rosneft
Feb 21, 2017 (UPI)
An agreement with Russian oil company Rosneft helps lay a foundation for the recovering oil sector in Libya, Libya's top oil producer said. Meeting on the sidel...
What constitutes Brent oil may be changing
Feb 20, 2017 (UPI)
Oil pricing agency Platts said it may shake up the grade of oil that makes up the global benchmark Brent as North Sea production fades. The price for Brent crud...
Report finds EU still heavily dependent on fossil fuels
Feb 20, 2017 (UPI)
Members of the European Union remain dependent on fossil fuels even with robust low-carbon policies, the bloc's record-keeping arm reported. European energy con...
US-led coalition expects to stay in Iraq after Mosul
Feb 20, 2017 (AFP)
The commander of the US-led coalition fighting the Islamic State group said Monday he expected its forces would be allowed to stay in Iraq after Mosul is recapt...
Books revised for Dana Gas after Kurdish dust-up
Feb 20, 2017 (UPI)
Emirati energy company Dana Gas said it revised its 2016 results to show a net loss following arbitration with the Kurdish government of Iraq. Dana Gas said it ...
Balance brings the bulls back to crude oil Monday
Feb 20, 2017 (UPI)
A prevailing sentiment that at least some level of short-term market balance is entrenched helped give oil prices a lift early Monday. Crude oil prices slipped ...
Shell sees LNG sector rising
Feb 20, 2017 (UPI)
The demand for liquefied natural gas, a super-cooled and easily transported energy option, is set to outpace conventional gas, Royal Dutch Shell said. From Paki...
Russia's Rosneft starts drilling in Iraq
Feb 20, 2017 (UPI)
Russian oil producer Rosneft reported Monday it started new drilling operations in Iraq, alongside a Chinese contracting partner. Rosneft said it started a new ...
US 'not in Iraq to seize anybody's oil': Mattis
Feb 20, 2017 (AFP)
The United States is not about to plunder Iraq's petroleum reserves, Defence Secretary Jim Mattis, who was in Baghdad Monday, said as he sought to soothe partne...
Iran boasts of robust rig count
Feb 20, 2017 (UPI)
Slightly less than 10 percent of the drilling rigs currently in service in the world are operating in the Iranian oil and gas sector, a petroleum official said....
China's oil giant CNPC signs $1.77 bn Abu Dhabi deal
Feb 19, 2017 (AFP)
The China National Petroleum Corporation on Sunday secured an eight-percent share in an onshore oil concession in Abu Dhabi in a deal worth $1.77 billion, the E...
Iraq reports increased oil reserves of 153 bln barrels
Feb 19, 2017 (AFP)
Iraq's proven oil reserves have increased by 10 billion barrels to 153 billion, Oil Minister Jabbar al-Luaibi announced Sunday in a statement. The country has t...
Weaning off oil, Scottish islands eye renewable future
Feb 19, 2017 (AFP)
Strong winds and stormy seas have helped turn the Shetland Islands in the North Atlantic into a European renewable energy giant, producing more power than it kn...
Croatia next in line for LNG terminal
Feb 17, 2017 (UPI)
The European Commission said Friday it agreed on more than $100 million in support for a new liquefied natural gas terminal on a Croatian island. European leade...
It's a foreign pipeline, Keystone XL opponents remind Trump
Feb 17, 2017 (UPI)
A voice of opposition to the planned Keystone XL oil pipeline used U.S. President Donald Trump's logic against him as the transit network gets new life. The Neb...
Oil prices move lower after day of volatility
Feb 17, 2017 (UPI)
A test of the credibility of the Organization of Petroleum Exporting Countries against U.S. shale pushed crude oil prices lower early Friday. Oil moved in volat...
EnQuest on pace for new North Sea oil
Feb 17, 2017 (UPI)
A company helping to steer development of the Kraken oil field in the North Sea said Friday it was on pace to start production by the second quarter. EnQuest an...
Despite tough energy recovery, Norway's debt decreases
Feb 17, 2017 (UPI)
After reporting slight gains in oil and gas sector job prospects, Norway's government said its debt in the fourth quarter was the low mark for 2016. Norway repo...
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