OIL

10,863 articles

Gas prices follow the price of oil higher
Dec 06, 2016 (UPI)
U.S. gasoline prices are rising alongside oil prices that rallied on the back of an OPEC production deal, though retail analysts are questioning the duration. M...
FMC, Technip merger latest in a trend
Dec 06, 2016 (UPI)
FMC Technologies and Technip, two companies working to assist with oil and gas exploitation, became the latest in the industry to agree to a merger. The respect...
British PM joins Gulf summit for post-Brexit trade talks
Dec 06, 2016 (AFP)
British Prime Minister Theresa May was to join Gulf Arab leaders at a summit in Bahrain on Tuesday for talks on trade after Britain's exit from the European Uni...
Iran says it can sell as much oil as it wants
Dec 06, 2016 (UPI)
Iran can sell as much crude oil as it wants to thanks in part to a multilateral nuclear agreement that eased crippling sanctions, the country's president said. ...
More help coming to Afghan energy sector
Dec 06, 2016 (UPI)
More than $400 million in grants will help Afghanistan increase access to reliable sources of energy, the Asian Development Bank said. Afghan energy demand has ...
Statoil: Producers should play role in climate fight
Dec 06, 2016 (UPI)
Norwegian energy company Statoil said the fight against climate change depends in large part on how oil and gas companies conduct business. "In a low-carbon fut...
BP keeping focus on North Sea
Dec 05, 2016 (UPI)
British energy company BP said it was embarking on a drilling campaign in the southern waters of the North Sea that could uncork a new natural gas reserve. BP s...
Iranian MPs declared victory with OPEC deal
Dec 05, 2016 (UPI)
Members of the Iranian parliament said Monday they signed a letter of appreciation that, in effect, declared victory with last week's OPEC production deal. Iran...
Dakota Access Pipeline partnership cries foul
Dec 05, 2016 (UPI)
The partnership behind the Dakota Access Pipeline said a weekend decision to block further construction was political interference from Washington. The U.S. Arm...
Once-mighty Chesapeake continues divestment streak
Dec 05, 2016 (UPI)
Once one of the stronger shale gas companies in the United States, Chesapeake Energy said it closed on a $450 million deal to sell some of its shale acreage. Ch...
Kurdish government short on oil export payments
Dec 05, 2016 (UPI)
Companies working in the Kurdish north of Iraq said they were paid collectively more than $50 million for oil exports through Turkey, but still owed more. Swedi...
Fate of North Dakota pipeline may fall to Trump
Dec 05, 2016 (AFP)
Native Americans and their supporters expressed cautious optimism Monday after the US Army nixed plans for a controversial oil pipeline crossing in North Dakota...
Rally in oil prices knows no quarter
Dec 05, 2016 (UPI)
With few short-term factors standing in the way of bullish market sentiments, crude oil prices continued their steady march past $55 per barrel early Monday. Cr...
Manmade earthquakes in Oklahoma on the decline
Dec 02, 2016 (SPX)
New regulations in Oklahoma that call for reductions in the amount of wastewater being injected into seismically active areas should significantly decrease the ...
U.S. wants more up-front talks on planning for oil and gas drilling
Dec 02, 2016 (UPI)
The U.S. government said it was revising how it plans for oil and gas drilling, and other resource activity so some of the focus was put at the front-end. The B...
French company reconfigured gas supply contracts
Dec 02, 2016 (UPI)
French energy company ENGIE said it renegotiated its long-term supply contract with one of the leading natural gas suppliers to the European market. ENGIE said ...
Shale state of Oklahoma says 'thank you' to OPEC
Dec 02, 2016 (UPI)
The shale oil and natural gas sector in Oklahoma is on better footing now that OPEC has agreed to cut its production, the state's governor said. Oklahoma is one...
Oil prices sputter out of the gates after historic rallies
Dec 02, 2016 (UPI)
A drop in crude oil prices that marked an end to the OPEC honeymoon was saved in part by U.S. data showing steady labor gains, though wages remained soft. Crude...
Statoil starts work at its largest asset in British North Sea
Dec 02, 2016 (UPI)
Norwegian energy company Statoil said it was making new strides in the North Sea by moving from planning to development of the region's Mariner oil field. "Mari...
Iran takes note of foreign investors
Dec 02, 2016 (UPI)
With Washington keeping its hold on the sanctions noose, the president of oil-rich Iran said foreign investors were moving into its economy. Iranian President H...
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