OIL

10,863 articles

Iran says oil exports near pre-sanctions level
May 05, 2016 (UPI)
Iranian oil exports may have reached a level on par with the average volume from before nuclear-related sanctions were enacted, a minister said Thursday. Iran o...
Continental Resources betting on market rebound
May 05, 2016 (UPI)
U.S. shale oil player Continental Resources said it expected its production to recover during the second half of the year on the back of market improvements. Ha...
Evacuees find safe haven as wildfires engulf Canada oil region
May 05, 2016 (AFP)
Sitting on the tailgate of his truck, strumming his guitar, the only item that he was able to salvage in a hurried evacuation of Fort McMurray as wildfires rage...
Marathon Oil sees North American decline
May 05, 2016 (UPI)
Marathon Oil Corp. said its first quarter production was in line with its expectations, though downside risks may evolve from North American operations. Total n...
ExxonMobil launches venture for low-cost carbon capture
May 05, 2016 (AFP)
Oil giant ExxonMobil said Thursday it was starting a new venture that could make carbon-dioxide capture a more economically attractive way to fight global warmi...
Alberta oil facilities remain under fire threat
May 05, 2016 (UPI)
Alberta-based oil producer Suncor Energy said its facilities were running at reduced rates in response to wildfires raging in the Fort McMurray area. Officials ...
Why China Is Really Dictating the Oil Supply Glut
May 05, 2016 (SPX)
Ship tracking data from Bloomberg shows that 83 supertankers carrying around 166 million barrels of oil are headed to China, which has stockpiled an impressive ...
DNO gets boost from Kurdish oil exports
May 04, 2016 (UPI)
A string of regular export payments from the Kurdish government in Iraq means the funds are there to start a drilling campaign, Norwegian company DNO said. DNO ...
Shell still working to navigate weak market
May 04, 2016 (UPI)
Spending plans for 2016 are less than the combined spending guidance between Shell and BG Group two years ago, the Dutch supermajor said Wednesday. "We continue...
Noble Energy sells off Colorado shale holdings
May 04, 2016 (UPI)
Selling off parts of its shale holdings in Colorado means a better chance to strengthen the balance sheet for the year, Noble Energy said. Noble sold off more t...
Encana cutting costs with little impact on output
May 04, 2016 (UPI)
After declaring a loss for the first quarter, Canadian energy company Encana said it as working to cut overall costs by more than $400 million. Encana reported ...
OMV signs agreement with Iranian counterpart
May 04, 2016 (UPI)
Austrian energy company OMV said Wednesday it made the first steps toward resuming operations in Iran after signing an agreement with a national oil entity. OMV...
ENGIE shakes up staff to adapt to new market
May 04, 2016 (UPI)
French energy company ENGIE announced Wednesday it shook up its front-office staff in an effort to revamp the company to align with emerging market trends. CEO ...
Oil prices recover after two straight days of loss
May 04, 2016 (UPI)
An increase in Russian oil production and price expectations balanced against shortages in Canada sparked by wildfires, pushing oil higher early Wednesday. Oil ...
Local fracking bans struck down in Colorado
May 03, 2016 (UPI)
A Colorado Supreme Court ruling enforcing state jurisdiction over oil and natural gas activity has "enormous implications" for the economy, the governor said. T...
BP hands out more contracts for Azeri gas project
May 03, 2016 (UPI)
A BP subsidiary trying to pull gas from offshore Azerbaijan said it doled out a $1.5 billion contract to help get gas flowing within the next two years. BP, wor...
U.S. shale oil still facing pressure
May 03, 2016 (UPI)
Oil production in key U.S. shale formations declined and, while a recovery in crude oil prices is an incentive, risks do remain, market analysis finds. Platts A...
Statoil increases hold over Lundin Petroleum
May 03, 2016 (UPI)
Norwegian energy company Statoil said it reached a deal to take a larger stake in its Swedish counterpart Lundin Petroleum in an asset swap. Statoil said it was...
Slowing China pushes oil prices lower
May 03, 2016 (UPI)
Crude oil prices retreated Tuesday for the second straight day after Chinese data showed a contraction in the nation's manufacturing sector. A January collapse ...
Gas prices at six-month highs
May 03, 2016 (UPI)
High consumer demand and a recovery in crude oil prices means U.S. drivers are paying the highest for gasoline in more than six months, market analysis finds. M...
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