OIL

10,863 articles

Russia sets up oil-production monitoring group
Dec 16, 2016 (UPI)
A handful of Russian oil companies are expected to form a working group to monitor coordination with production agreements, the Russian oil minister said. Russi...
Oil prices recovery means Texas recovery
Dec 16, 2016 (UPI)
A decision by members of the Organization of Petroleum Exporting Countries to trim production in January bodes well for oil-rich Texas, a state economist said. ...
Suspended OPEC member Indonesia gets energy loan
Dec 16, 2016 (UPI)
A $400 million loan is aimed at helping Indonesia, until recently a member of OPEC, meet its growing demand for energy, the Asian Development Bank said. A net o...
Oil prices rise on expectation of OPEC compliance
Dec 16, 2016 (UPI)
Crude oil prices rebounded from midweek declines to regain traction as sentiment emerged that an OPEC agreement to cut production would be honored. The Organiza...
More hydrocarbons found in Gulf of Mexico
Dec 16, 2016 (UPI)
A Colombian energy company said it was involved in a new oil discovery in the U.S. waters of the Gulf of Mexico, its fifth so far. A U.S. subsidiary of Colombia...
Japan examines possible gas deals with Russia
Dec 16, 2016 (UPI)
A Japanese energy company said it was exploring the options to work alongside one of Russia's larger gas players on liquefied natural gas options. Japanese comp...
South Caucusus energy security on NATO radar
Dec 16, 2016 (UPI)
Energy security through nations that bridge the gap to Europe from the Caspian Sea is a critical issue for the NATO alliance, delegates in Georgia said. NATO sp...
Gas flowing from North Sea bright spot
Dec 15, 2016 (UPI)
A gas field in the British waters of the North Sea started production, which at its peak, should account for 5 percent of the nation's total, Centrica said. Cen...
BP resettles U.S. division in Denver
Dec 15, 2016 (UPI)
British energy company BP said it was relocating the headquarters for its Lower 48 U.S. states division from Houston to Denver as part of a "homecoming." The co...
Supplies, Fed rate drag oil prices lower
Dec 15, 2016 (UPI)
Supply-side pressures and the influence of a decision to raise interest rates from the U.S. Federal Reserve sent oil prices lower in early Thursday trading. Cru...
Statoil exits oil sands projects in Canada
Dec 15, 2016 (AFP)
Norwegian oil giant Statoil said Thursday it was exiting its oil sands projects in Canada, booking a loss, in a move hailed by environmental activists. The grou...
Interest low for New Zealand oil and gas
Dec 15, 2016 (UPI)
New Zealand's energy minister took the high road on the country's onshore energy potential despite few bidders showing up for the latest offer. Todd Energy, whi...
Statoil sells off Canadian assets
Dec 15, 2016 (UPI)
Canadian energy company Athabasca Oil Corp. said it scaled up its portfolio in heavy oil in a $435 million deal with Norwegian energy major Statoil. The Canadia...
Jessica Uhl to replace Simon Henry as Shell CFO
Dec 15, 2016 (UPI)
Royal Dutch Shell, evolving in the wake of a merger with BG Group, announced Chief Financial Officer Simon Henry is stepping down after seven years. Henry was w...
Oil companies in North Dakota awakening
Dec 14, 2016 (UPI)
Energy companies working in North Dakota are shifting from a position of reserve to one of optimism with oil prices in recovery, a state leader said. North Dako...
Shell makes deepwater breakthrough in Malaysia
Dec 14, 2016 (UPI)
Tapping the deep-water oil prospects off the coast of Malaysia is indicative of the confidence of growth from those basins, Royal Dutch Shell said. Shell said i...
Fracking can harm drinking water, says US agency
Dec 14, 2016 (AFP)
Hydraulic fracturing to release natural gas and oil can have a negative impact on the quality and availability of drinking water in the United States, the US go...
California seeks permanent ban on oil, gas prospecting
Dec 14, 2016 (AFP)
California Governor Jerry Brown on Tuesday urged US President Barack Obama to ban oil and gas drilling off the state's coast to protect the oceans and fight glo...
Exxon starts possible post-Tillerson transition
Dec 14, 2016 (UPI)
Exxon Mobil's top brass said the company was in the early stages of front-office changes now that Rex Tillerson is tapped as the next U.S. secretary of state. T...
OPEC balance sentiment pushes oil prices lower
Dec 14, 2016 (UPI)
An OPEC report that balance would return to the oil market later than a previous rival forecast sent crude oil prices tumbling in early Wednesday trading. A rep...
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