OIL

10,863 articles

Vladimir Putin: Clear signs of Russian economic growth
Feb 17, 2017 (UPI)
As oil prices stabilize in the wake of an OPEC-led production deal, Russian President Vladimir Putin said signs of economic strength are becoming clear. The pre...
New production starts in the North Sea
Feb 17, 2017 (UPI)
North Sea oil and gas company Ithaca Energy announced Friday the successful start of production from the region's Stella field. "Production has been started fro...
Oil-rich Alberta preps for wildfire season
Feb 16, 2017 (UPI)
Just as its oil sector recovers from last year's breakout, the provincial government in Alberta issued an advisory for the pending start of wildfire season. Alb...
Oil prices get modest lift from OPEC, but pressures linger
Feb 16, 2017 (UPI)
Oil prices got a modest lift early Thursday on word OPEC may be upping the production cut ante, but gains were balanced by signs of Russian production growth. A...
Austrian energy group OMV says retooling paid off
Feb 16, 2017 (UPI)
Austrian energy company OMV said Thursday it turned the corner by generating free cash flow and reprioritizing its asset base. The company reported quarterly re...
Resource-rich Ghana facing mixed economic prospects
Feb 16, 2017 (UPI)
Emerging oil and gas producer Ghana could see its economy improve, though certain sectors are expected to face challenges, Moody's Investors Service found. Mood...
Norway sees job prospects improving in oil and gas
Feb 16, 2017 (UPI)
The number of job vacancies in the Norwegian economy moved higher, with oil and gas prospects showing early signs of recovery, the government reported. Norway i...
Libya asks NATO for security help
Feb 16, 2017 (AFP)
Libya's UN-backed government has sent NATO an official request to help improve its security and defences, the alliance said Thursday. NATO agreed at a summit la...
Tribe tries again to block Dakota Access pipeline
Feb 15, 2017 (UPI)
The tribe at the center of the debate over the construction of the Dakota Access pipeline said it was again challenging the White House on the issue. President ...
U.S. gas prices likely at short-term low
Feb 15, 2017 (UPI)
A retail price watchdog said this may be the short-term seasonal low point for U.S. gasoline prices as refiners start switching to a different blend. "You've be...
Higher inventories send oil prices lower
Feb 15, 2017 (UPI)
More signs of recovery in U.S. shale oil basins and indications of a build in inventories sent crude oil prices lower early Wednesday. Crude oil prices rallied ...
New plans for the North Sea, German energy company says
Feb 15, 2017 (UPI)
German energy company Wintershall said Wednesday it was showcasing its commitment to Norway by submitting plans for offshore development. The company led a cons...
French company makes strides for maritime LNG
Feb 15, 2017 (UPI)
French energy company ENGIE said it was leading efforts to offer low-carbon options to the maritime shipping industry with liquefied natural gas. The French ene...
OPEC notes role as market stabilizer
Feb 15, 2017 (UPI)
The secretary-general of OPEC said market stability was a primary objective for the production group, but noted the importance of spare capacity. Mohammad Sansu...
World Bank chief visits oil-rich Saudi Arabia
Feb 14, 2017 (UPI)
Riyadh received support for a new economic vision from the World Bank, the government said as representatives met on the sidelines with OPEC. Saudi King Salman ...
Oil prices recover lost ground after Monday's beating
Feb 14, 2017 (UPI)
Tepid growth in the European economy and a recovery phase following steady losses in the previous session pushed oil prices higher early Tuesday. Crude oil pric...
U.S. gas prices remain relatively stable
Feb 14, 2017 (UPI)
Retail gasoline prices in the United States continue to hold steady despite regional fluctuations because oil markets in are limbo, a market survey found. Motor...
Norway heralds new North Sea production
Feb 14, 2017 (UPI)
The start of new production in the North Sea is a testament to the enduring strength of Norway's energy sector, the country's energy minister said. Norwegian En...
US tribe asks court to reverse Trump administration on pipeline
Feb 14, 2017 (AFP)
The Native American tribe at the center of protests against the Dakota Access pipeline in the northern United States, on Tuesday asked a federal court to revers...
'Strange black soot' blankets Nigeria's oil hub
Feb 14, 2017 (AFP)
The Nigerian city of Port Harcourt used to be known as "The Garden City" because of its soaring palm trees and green open spaces. But since late last year, blac...
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