OIL

10,863 articles

Putin calls for 'compromise' towards oil freeze
Sep 02, 2016 (AFP)
Russian President Vladimir Putin in an interview published Friday urged compromise to find agreement on an oil production freeze to combat a global supply glut....
Moody's sees subdued growth for Nigeria
Sep 02, 2016 (UPI)
Subdued growth in the economy for oil-rich Nigeria could be undermined if the country's production levels don't recover, Moody's Investors Service said. The Nig...
Gas is cheap ahead of U.S. holiday
Sep 02, 2016 (UPI)
U.S. gas prices moving into the last major travel holiday of the season are at their lowest in more than a decade and tracking even lower, the government said. ...
Russia called to talk gas with Ukraine, EU
Sep 02, 2016 (UPI)
Russia is called to the table to discuss natural gas issues with Ukrainian and European leaders, a member of the European Commission said Friday. Former Soviet ...
Oil prices jump on rumors and labor numbers
Sep 02, 2016 (UPI)
Crude oil prices jumped in early Friday trading on renewed speculation about production moves and dimmed prospects for a U.S. rate hike. Oil moved sharply lower...
Enbridge: North Dakota oil output too low for pipeline
Sep 02, 2016 (UPI)
North Dakota crude oil production is too low to support the development of the planned east-bound Sandpiper pipeline, Enbridge Energy announced. "Enbridge Energ...
Iran planning more oil drilling
Sep 02, 2016 (UPI)
One of the first oil fields likely on tap for post-sanctions contracts in Iran is on schedule for further exploration and production work, a director said. SHAN...
Oil prices sink as balance sentiment fades
Sep 01, 2016 (UPI)
Tepid labor reports from the United States and signs that global crude oil supplies were accumulating sent oil prices lower at the start of trading Thursday. Cr...
Chevron starts gas production offshore Indonesia
Sep 01, 2016 (UPI)
Indonesia is now producing natural gas from a deep-water site that represents a milestone for the country's energy goals, a Chevron subsidiary said. Chevron Ind...
Russia: Turkish gas pipeline progress continues
Sep 01, 2016 (UPI)
A Russian energy official met in Istanbul with Turkish leaders to review options for moving ahead with a gas pipeline project, Russia's Gazprom said. Turkish En...
Analysts say oil market balance hasn't appeared yet
Sep 01, 2016 (UPI)
A lauded possibility of a narrowing gap between supply and demand in the market for crude oil has yet to materialize on the global stage, analysts said. For nea...
Lundin next driller in line for Barents Sea
Sep 01, 2016 (UPI)
With an emerging focus on northern reserves, a Norwegian energy regulator said it gave a petroleum company approval to start drilling in the Barents Sea. The Pe...
Development plans for Senegalese oil unveiled
Sep 01, 2016 (UPI)
An oil field off the coast of Senegal is considered a commercial prospect with a capacity to produce 140,000 barrels of oil per day, an Australian company said....
Putin ally says oil privatization still on the table
Sep 01, 2016 (UPI)
An oil executive in Russia said the privatization of one of the country's larger oil companies will be resolved when the timing is right. According to Russian n...
Statoil sets sights on Barents Sea
Aug 31, 2016 (UPI)
Norwegian energy company Statoil said it aims to extend its reach north to the Barents Sea next year in an effort to replenish its exploration portfolio. "New a...
Oil prices resume downturn
Aug 31, 2016 (UPI)
A discount of any bullish sentiments in the market for crude oil helped push benchmark prices lower to start the trading day on Wednesday. Crude oil prices star...
Nigeria's oil-based economy stumbles
Aug 31, 2016 (UPI)
Slipping into a formal recession, the Nigerian government said the contribution of oil to economic growth slipped slightly more than 2 percent. The government's...
With oil on the radar, Senegal gets good IMF marks
Aug 31, 2016 (UPI)
Emerging as a potential oil producer, the economy in Senegal is stable with a growth rate of around 6 percent expected, the International Monetary Fund said. "T...
Security concerns prompt Canada to halt pipeline review
Aug 31, 2016 (UPI)
Security concerns at a panel session for a proposed oil pipeline in Canada prompted a suspension of the review process, a Canadian energy regulator said. Accord...
Oil sands fires send Canada GDP reeling in Q2
Aug 31, 2016 (AFP)
Forest fires in Canada's oil sands region that disrupted production have pummeled the country's economy, sparking the biggest quarterly decline in GDP in seven ...
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