OIL

10,863 articles

Oklahoma's economy pressured, but holding steady
Jun 15, 2016 (UPI)
The economic outlook for the state of Oklahoma is negative as the revenue stream ebbs as a result of lower oil prices, Moody's Investors Service. Moody's said O...
Conoco given protection order after Alberta release
Jun 15, 2016 (UPI)
An Alberta regulator issued an environmental protection order to Conoco Phillips after a leak from a natural gas plant soiled a nearby waterway. The Alberta Ene...
Opposition to British fracking plans swells
Jun 15, 2016 (UPI)
A British environmental advocacy group said more than 150,000 signatures were added to a petition sent to the government against hydraulic fracturing plans. "Fr...
U.S. cuts in response to low oil to be the deepest
Jun 15, 2016 (UPI)
The deepest cuts in spending in the oil sector are coming out of the shale basins in the Lower 48 U.S. states, an analysis from Wood Mackenzie found. A report p...
Oil prices take a beating
Jun 15, 2016 (UPI)
Pessimism about the strength of the oil market recovery and concerns over the consequences of the so-called Brexit strategy dragged oil prices lower Wednesday. ...
Rosneft says it's bigger than Gazprom
Jun 15, 2016 (UPI)
In terms of total dollar market value, Russian oil company Rosneft said it's well ahead of its other counterparts in the nation's energy sector. Rosneft Preside...
Midwest gas prices pull national average higher
Jun 14, 2016 (UPI)
Retail gasoline prices are at their highest levels for the year, with Midwest markets skewing the U.S. average higher on pipeline and refinery issues, AAA said....
Gulf Keystone lender relief extended again
Jun 14, 2016 (UPI)
For the second time, Gulf Keystone Petroleum, a British company focused on Iraqi oil, said it extended an agreement with its lenders to consider its debt. The c...
U.S. pipeline law heads to Obama's desk
Jun 14, 2016 (UPI)
In bipartisan fashion, U.S. lawmakers said a measure designed to improve oil and gas pipeline safety is now on its way to the president's desk. The so-called PI...
Iran boasts of post-sanctions oil performance
Jun 14, 2016 (UPI)
With Iranian crude oil production moving past what it was during the sanctions era, the government said it was now looking to ensure a strong market position. I...
Oil prices move lower even as demand pressures mount
Jun 14, 2016 (UPI)
Crude oil prices took a nosedive Tuesday even after the International Energy Agency said demand was moving higher against short-term disruptions in supply. The ...
Scotland to fund retraining for unemployed energy workers
Jun 13, 2016 (UPI)
Oil and gas workers laid off during the market downturn can take part in teacher training to transition out of the energy sector, the Scottish government said. ...
Iran confirms oil shipment for Shell
Jun 13, 2016 (UPI)
A shipment of Iranian crude oil was sold to Royal Dutch Shell and talks are developing with other major oil companies, an Iranian official said Monday. Royal Du...
Norway's oil economy down, but not out
Jun 13, 2016 (UPI)
Despite a rebound in crude oil prices, the Norwegian government said it expects the economic pressures from the market downturn to linger. The government said m...
Rigs returning to service in North Dakota
Jun 13, 2016 (UPI)
With a gain of three, the number of rigs actively exploring for or producing oil and natural gas in North Dakota is up 12 percent from last week, data show. Dat...
Balance, Brexit concerns drag on oil prices
Jun 13, 2016 (UPI)
Crude oil prices declined heavily in early trading Monday after OPEC data show the dynamics of global supply and demand remain unchanged. For nearly two years, ...
Nigerian oil production at historic low
Jun 13, 2016 (UPI)
Nigerian crude oil production in May was the lowest in more than a decade because of militant activity in the Niger Delta, a report from OPEC said. A group call...
Attacks hit one of Nigeria's main oil pipelines
Jun 10, 2016 (UPI)
Just days after a new militant group emerged, the entity calling itself the Niger Delta Avengers said it blew up one of the main oil pipelines in the region. 3:...
Jobs losses mount for British oil and gas
Jun 10, 2016 (UPI)
As many as 40,000 jobs in the British oil and gas sector could vanish by the end of the year as the strains from the low price of oil mount, a group said. Indus...
Alberta mounts low-carbon offensive
Jun 10, 2016 (UPI)
Still reeling from wildfires that hampered its oil sector, Alberta's government said it was now forming a study panel to help with a low-carbon transition. "Alb...
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