OIL

10,863 articles

World Bank: Middle East oil exporters face low growth
Oct 05, 2016 (UPI)
Oil exporters in the Middle East and North Africa are expected to show lackluster economic growth because of lower oil prices, the World Bank said. "This year a...
Mexico, U.S., join hands offshore
Oct 05, 2016 (UPI)
Regional cooperation is a critical component for the shared environmental objectives on energy work in the Gulf of Mexico, U.S. and Mexican officials said. The ...
Iran touts new contracts for domestic oil companies
Oct 05, 2016 (UPI)
Iran is on its way to reaching its production goals for the 2020s with the start of operations at oil fields under a new contract model, the government said. Th...
Another day, another oil price rally
Oct 05, 2016 (UPI)
Crude oil prices rallied strongly at the start of trading Thursday on the back of shifting sentiment in the wake of last week's OPEC agreement in Algeria. As ha...
U.S. importing more OPEC oil
Oct 05, 2016 (UPI)
Even with a change in laws that allow for exports, total U.S. crude oil imports increased with net gains coming from OPEC nations, government data show. The U.S...
No apparent end to rally in crude oil prices
Oct 05, 2016 (UPI)
Crude oil prices soared to near record territory for the year in early Wednesday trading following industry reports of a sizeable drop in oil inventory levels. ...
British shale gas work gets the green light
Oct 05, 2016 (UPI)
Industry appeals to local challenges to hydraulic fracturing operations were upheld and that work can now proceed, the British government said Thursday. The Bri...
Russia sets eyes on Baltic energy market
Oct 04, 2016 (UPI)
Russian energy company Gazprom is reviewing options for highly maneuverable gas shipments from Baltic states aside from pipeline commitments, an official said. ...
Most of Sudan's oil opportunities have vanished, IMF says
Oct 04, 2016 (UPI)
Fragility in Sudan brought on by regional conflicts is exacerbated by the loss of most of its oil export potential, the International Monetary Fund said. Sudan ...
Deepwater Horizon oil spill caused widespread marsh erosion
Oct 04, 2016 (SPX)
The Deepwater Horizon oil spill six years ago caused widespread marsh erosion that may be permanent in some places, according to a new Duke University-led analy...
Venezuela to discuss Algerian oil accord with Russia
Oct 04, 2016 (UPI)
Talks with Russian officials this week could add additional weight to an oil production agreement reached last week in Algeria, Venezuela's president said. Stat...
Alaska gushes over new oil discovery in the North Slope
Oct 04, 2016 (UPI)
Alaska Gov. Bill Walker said commitments to the state energy sector have paid off in the form of a major oil discovery in the state's North Slope region. Descri...
Transocean resurrects idled rig at lower day rate
Oct 03, 2016 (UPI)
Rig company Transocean reported a new contract emerged for a long-idled rig, but reported the lease rate came in far below the previous contract. The company re...
OPEC-fueled rally in oil prices spills into October
Oct 03, 2016 (UPI)
Market sentiment prevailed over analyst pessimism to carry a rally sparked by the latest maneuvering from OPEC into the first trading day for October. Crude oil...
Wildfire financial relief expiring in Alberta
Oct 03, 2016 (UPI)
More than $75 million has been paid out to families coping with wildfires that crimped Canada's oil-focused economy, a provincial government said. The provincia...
Iran expects new oil contracts signed by March
Oct 03, 2016 (UPI)
Foreign companies are busy studying the possibility of signing deals to work in the Iranian sector, with ink to paper expected by March, the oil minister said. ...
Oil continues to rally against analyst warnings
Oct 03, 2016 (UPI)
Threats from the latest storm system in the Atlantic were enough to push a rally in oil prices into another day Tuesday even as supplies elsewhere look to build...
BP: Let nature run its course with North Sea oil spill
Oct 03, 2016 (UPI)
While it's too early to offer an estimate on volumes, British oil company BP said Monday it would let oil spilled in the North Sea disperse naturally. BP in a s...
No sign of normal slump in retail gas prices
Oct 03, 2016 (UPI)
Problems with energy infrastructure in the United States and production considerations from OPEC mean delays in expected declines in gas prices, AAA said. Motor...
Chevron: Wreckage from offshore Angola found
Oct 02, 2016 (UPI)
A subsidiary of Chevron said search teams found some of the wreckage of a helicopter that crashed offshore Angola last month with six people on board. Chevron s...
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