OIL

10,863 articles

Russia not surprised by OPEC
Jun 03, 2016 (UPI)
A move to keep policies more or less in place during Thursday's highly anticipated meeting between OPEC leaders was no surprise, Russia's oil minister said. Min...
U.S. labor data pulls oil prices back from $50
Jun 03, 2016 (UPI)
The price of crude bounced back below the $50 mark Friday after the latest figures from the U.S. Labor Department suggested growth may have peaked. The U.S. Bur...
Despite oil's recovery, Norway still facing downturn
Jun 02, 2016 (UPI)
Prospects for growth in the Norwegian economy are dimmed even as the market for crude oil continues to improve, the government said Thursday. "The downturn in t...
Nigeria's Buhari cancels trip to restive oil region
Jun 02, 2016 (AFP)
Nigeria's President Muhammadu Buhari has pulled out of a visit Thursday to the restive oil-rich Niger delta to launch a pollution clean-up, a presidency officia...
Texas economy showing some confidence
Jun 02, 2016 (UPI)
Though much of the Texas oil economy remains under pressure, a report from the Federal Reserve Bank of Dallas found cautious optimism on the margins. Crude oil ...
IEA finds new challenges for renewables
Jun 02, 2016 (UPI)
A report from the International Energy Agency finds that new problems are emerging as the sector for wind and solar power matures technologically. An April repo...
Michigan anti-fracking effort stalled
Jun 02, 2016 (UPI)
As an environmental group prepares to sue the state of Michigan over its anti-fracking effort, the state chamber of commerce said it beat the "fringe" effort. T...
Nigeria launches clean-up in devastated oil spill region
Jun 02, 2016 (AFP)
Nigeria's vice-president on Thursday launched a $1 billion oil pollution clean-up programme in the Niger delta, after President Muhammadu Buhari pulled out of v...
IHS: Oil, U.S. leverage may be linked
Jun 02, 2016 (UPI)
The next U.S. president may be holding the keys to global leverage as lower crude oil prices push geopolitical risk back on the table, a new report found. A rep...
Steady OPEC, ECB, pull oil prices lower
Jun 02, 2016 (UPI)
The prospects of a stand-still agreement from members of OPEC and a lackluster outlook for the European economy pushed oil prices lower early Thursday. Qatari O...
Helicopter involved in April wreck for Statoil suspended
Jun 02, 2016 (UPI)
Norwegian energy company Statoil said Thursday a government regulator has banned the use of the type of helicopter involved in a fatal April accident. An Airbus...
Sudan to 'firmly deal' with airspace violations
Jun 01, 2016 (AFP)
Sudan's military said Wednesday it will "firmly deal" with breaches of its airspace after citing two violations last month by a plane belonging to global aid gr...
Iran's oil already factored in, minister says
Jun 01, 2016 (UPI)
The global market for crude oil is moving closer toward balance, suggesting Iran's return had already been factored in, the country's oil minister said. Total c...
Lundin cleared for bigger stake offshore Norway
Jun 01, 2016 (UPI)
The Norwegian government has signed off on a deal that gives Swedish company Lundin Petroleum a greater stake in offshore resources. Lundin announced in early M...
Summer cheap for U.S. drivers, AAA finds
Jun 01, 2016 (UPI)
Summer for U.S. commuters starts off with some of the lowest prices at the pump in a decade, though Midwest drivers are missing out, a retail survey finds. Moto...
Russia expects economic growth in a year
Jun 01, 2016 (UPI)
It may be another year before the Russian economy recovers from deep recession and returns to growth, the country's economic development minister said. With a 3...
Total returns second Danish shale gas licence
Jun 01, 2016 (AFP)
French energy group Total has returned the second of two shale gas licences to Denmark after disappointing test drilling results, the Danish government said on ...
Chevron wells attacked in Niger Delta
Jun 01, 2016 (UPI)
Some of Chevron's highest producing assets in the Niger Delta were blown up early Wednesday, the regional militant group Niger Delta Avengers claimed on social ...
Canada's Husky Energy making money
Jun 01, 2016 (UPI)
Canadian company Husky Energy said it's streamlined its portfolio to the point that it can keep production going if oil sells for about $30 per barrel. Husky en...
Slow economic growth tugs on oil prices
Jun 01, 2016 (UPI)
Crude oil prices turned lower in early Wednesday trading amid expectations of a status quo policy from OPEC and prospects of a global economy stuck in low gear....
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