OIL

10,863 articles

Oil leaving Libyan ports
Sep 21, 2016 (UPI)
A tanker filled with more than 700,000 barrels of oil has left Libya for Italy from a port closed for about two years, according to published reports Wednesday....
Norway sees sustained interest in offshore reserves
Sep 21, 2016 (UPI)
Though slightly less than when compared with last year, the Norwegian government said it's still seeing interest in aging oil and gas deposits off its coast. Th...
Norway sees oil production drop
Sep 20, 2016 (UPI)
Total production of oil and natural gas liquids was down almost 10 percent, the Norwegian government said, though some of the decline was not market related. Th...
Oil prices down as balance sentiment fades
Sep 20, 2016 (UPI)
Further support for sentiment that energy markets have slipped back toward the supply side pushed crude oil prices sharply lower in early Tuesday trading. A bui...
Iran, Cuba tout economic resilience
Sep 20, 2016 (UPI)
The Iranian and Cuban economies have a long and successful track record of withstanding economic pressure from adversaries, Iran's president said from Havana. I...
Russian public disenchanted, ratings agency says
Sep 20, 2016 (UPI)
Frustration among the public in Russia may build ahead of the 2018 presidential contest as the government tries to adjust to low oil, a ratings agency said. The...
Seasonal slide in gas prices delayed
Sep 20, 2016 (UPI)
A problem with a pipeline in the southern United States in part caused a delay in the seasonal downturn for gasoline prices, a retail market report found. Motor...
New Zealand brushing off challenge of low oil prices
Sep 19, 2016 (UPI)
Even though lower crude oil prices may be inhibiting investments, New Zealand's government said it was moving ahead with plans for onshore sales as planned. Ana...
Oil prices try to regain ground lost last week
Sep 19, 2016 (UPI)
Marking a course correction from big losses last week, oil prices staged a rally early Monday as investors grew anxious ahead of U.S. Federal Reserve meetings. ...
North Dakota shale on slow recovery
Sep 19, 2016 (UPI)
Oil and natural gas activity in shale-rich North Dakota is on a steady increase, though operators are still cautious about recovery, state data show. State data...
Norway's Statoil opens Scottish office
Sep 19, 2016 (UPI)
Amid tough market conditions, a move by Norwegian energy company Statoil to set up a Scottish headquarters is a vote of confidence, Scotland's first minister sa...
Texas economy still under pressure
Sep 19, 2016 (UPI)
The number people in Texas who want to work full time but can't find jobs in the oil-rich economy remains above recessionary levels, a report found. The Federal...
Oman giving up more oil
Sep 19, 2016 (UPI)
Oil production from Oman, the largest regional producer that's not an OPEC member, has increased by about 5 percent, a Swedish energy company said. Swedish prod...
Eni said it may be ready to pounce in Tunisia
Sep 19, 2016 (UPI)
Italian energy company Eni said Monday it notched a success in Tunisia, where oil has started to flow out of a discovery prospect in the Sahara desert. The Ital...
Russia bases economic forecast on $40 oil
Sep 16, 2016 (UPI)
The Russian Central Bank said Friday it was lowering its key rate because of the potential for slow economic growth and oil priced around $40 per barrel. For th...
Poyang Lake looks like giant oil spill in latest ESA image
Sep 16, 2016 (UPI)
The largest freshwater lake in China looks like a giant oil spill through the eyes of the European Space Agency's Copernicus Sentinel satellite. ESA released ne...
New oil and gas find in Norwegian waters
Sep 16, 2016 (UPI)
Finding more oil and natural gas in mature areas of the North Sea confirm the staying power of operations in Norwegian waters, an explorer said. The exploration...
Three new oil sands projects approved in Alberta
Sep 16, 2016 (UPI)
Three new oil developments in the Fort McMurray area could add up to 95,000 barrels of oil per day to current output, Alberta's government said. The provincial ...
Moroccan gas work returns after seismic event
Sep 16, 2016 (UPI)
A natural gas pipeline in Morocco, interrupted by seismic activity, has been completed and related production has resumed, a company said Friday. Circle Oil sai...
Supply factors pull oil prices lower early Friday
Sep 16, 2016 (UPI)
The prospects of growing supplies of oil on the market offset the latest OPEC chatter on rebalancing efforts to push oil prices lower in early Friday trading. O...
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