OIL

10,863 articles

Saudi prince talks oil market stability with U.S.
Jun 23, 2016 (UPI)
Joint efforts needed to ensure stability in the global oil market were reviewed between Saudi and U.S. officials, the Saudi government's press agency said. Saud...
Oil rallies on slight move against Brexit
Jun 23, 2016 (UPI)
Crude oil prices moved sharply higher in early Thursday trading as voters took to the polls to weigh in on British membership in the European Union. The so-call...
China building energy ties to Russia, Putin says
Jun 23, 2016 (UPI)
Chinese partnerships in the Russian energy sector are expected to help establish a stronger diplomatic relationship, Russian President Vladimir Putin said. "Chi...
White House to defend fracking authority
Jun 23, 2016 (UPI)
White House spokesman Josh Earnest said the federal government would continue pressing its authority over hydraulic fracturing in the courts. From Wyoming, U.S....
Oil tries to rally a day ahead of Brexit vote
Jun 22, 2016 (UPI)
Crude oil prices recovered somewhat Wednesday on expectations of declining inventories, though uncertainty could upend the rally ahead of the Brexit vote. Globa...
Incoming OPEC leader says Nigeria returning to normal
Jun 22, 2016 (UPI)
Nigerian crude oil production may be on the verge of recovery despite uncertainty surrounding a truce with Niger Delta militants, an official said. Mohammed Bar...
Encana tightens belt in Canadian reserves
Jun 22, 2016 (UPI)
The sale of more than 50,000 acres of land in the resource-rich northern parts of Alberta is part of an effort to streamline the portfolio of Encana Corp., the ...
OMV sets drilling record in Barents Sea
Jun 22, 2016 (UPI)
Austrian energy company OMV said it set a drilling record with a horizontal appraisal well at an oil field in the northernmost waters of Norway. The company sai...
Energy services company Subsea 7 trims payroll
Jun 22, 2016 (UPI)
British energy services company Subsea 7 said it was trimming its labor force by more than 1,000 in an effort to adjust to the era of lower oil prices. The comp...
Colorado's economy okay, but under energy pressures
Jun 21, 2016 (UPI)
Though budget forecasts are lower than initial projections, Colorado's governor said the revenue stream was strong considering the strains on the energy sector....
Scientists moot 'green fracking' technique
Jun 21, 2016 (AFP)
Adding CO2 instead of water to the cocktail used in fracking, could boost oil and gas extraction and help fight global warming at the same time, scientists said...
Nigerian truce sends oil prices lower
Jun 21, 2016 (UPI)
Crude oil prices turned lower early Tuesday following a truce brokered with Nigerian oil bandits, amid pleas from the British prime minister to stay in the EU. ...
Report: Truce brokered in Nigeria oil fields
Jun 21, 2016 (UPI)
Nigerian media reported Tuesday the central government has brokered a 30-day truce with militants waging war on oil installations in the Niger Delta. The Niger ...
Offshore Egypt a win for Schlumberger
Jun 21, 2016 (UPI)
With pressure on the sector easing, a subsidiary of field services company Schlumberger said it secured a multi-million dollar contract for offshore Egypt. Schl...
One dead in North Dakota oil well accident
Jun 21, 2016 (UPI)
One person is dead and two others are in critical condition following a fire at an oil installation at the heart of shale basins in North Dakota, a regulator sa...
U.S. gas prices relatively low and stable
Jun 21, 2016 (UPI)
With short-term supply disruptions easing, U.S. commuters this summer can expect some of the lowest gas prices in more than a decade, AAA said. The motor club r...
'New' oil rebels spring from old in Nigeria's delta south
Jun 20, 2016 (AFP)
The Niger Delta Avengers, a militant group that has been attacking Nigeria's oil infrastructure since early this year, is anything but new, according to those f...
Oil-rich Oklahoma hit by 3.7 tremor
Jun 20, 2016 (UPI)
A magnitude-3.7 hit central Oklahoma early Monday, the U.S. Geological Survey reported after several similar small tremors rocked the oil-rich state last week. ...
Rosneft on Putin's agenda in China
Jun 20, 2016 (UPI)
A contractual arrangement extending possibly to Russian oil company Rosneft may be on the agenda for Russia's president as he heads to China, a report said. The...
BP moving fast on Egyptian gas
Jun 20, 2016 (UPI)
British energy company BP said Monday it was putting a deepwater natural gas project in Egypt on the fast track to development. BP and its regional partner, the...
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