OIL

10,863 articles

PBF Energy reports lower income
Feb 11, 2016 (UPI)
U.S. refiner PBF Energy said it was sharing the pain of its upstream counterparts with a reported fourth quarter income about 20 percent lower year-on-year. PBF...
TransCanada says position strong without KXL
Feb 11, 2016 (UPI)
TransCanada Corp. said it reported a $1.8 billion loss for the fourth quarter, but maintained it would soldier on even without the Keystone XL oil pipeline. For...
EIA: U.S. energy spending down sharply
Feb 11, 2016 (UPI)
Investment in the mining and other extractive industries, including oil, declined in the United States by more than 30 percent last year, federal data show. Whe...
End of the line for BG Group
Feb 11, 2016 (UPI)
BG Group announced its shares will be suspended on the London Stock Exchange at the close of trading Friday as part of its merger with Royal Dutch Shell. Nearly...
Continental's proven reserves drop
Feb 11, 2016 (UPI)
U.S. shale leader Continental Resources reported its proved reserves for the year ending Dec. 31 declined by millions of barrels. Value of the company's portfol...
DNO upbeat on Kurdish oil payments
Feb 11, 2016 (UPI)
Kurdish-focused energy company DNO International said revenues for last year were sharply lower, though it ended 2015 with an increase in cash balance. DNO, whi...
Oil prices tumble after Fed testimony
Feb 11, 2016 (UPI)
Despite upbeat U.S. and European labor reports, lingering concerns over U.S. economic momentum throttled crude oil prices in early Thursday trading. Data from t...
OPEC: Oil in Americas under pressure
Feb 10, 2016 (UPI)
An uncertain price trajectory for 2016 and a sharp decline in rig activity in North America means oil production is under pressure, OPEC said. The Organization ...
Iran addressing high unemployment
Feb 10, 2016 (UPI)
Iran aims to advance employment by bringing younger workers into a modernizing petrochemical sector, members of the Iranian parliament said. A profile from the ...
Tullow cuts spending guidance by 18 percent
Feb 10, 2016 (UPI)
Africa-focused Tullow Oil said the challenge for 2016 was to navigate the weakened market with key offshore priorities intact while cutting investments. Tullow ...
Sechin: Rosneft could go private
Feb 10, 2016 (UPI)
Russia's state-owned oil company Rosneft could move toward privatization, though oil markets would first have to stage a major recovery, the CEO said. Rosneft C...
Oil mixed after OPEC report
Feb 10, 2016 (UPI)
A relatively static, but lower, forecast for oil demand for 2016 from the Organization of Petroleum Exporting Countries left oil prices mixed early Wednesday. O...
Petroleum reservoir simulation using super element method
Feb 10, 2016 (SPX)
The study conducted by researches of Kazan Federal University describes the theoretical framework and results of using a rapid three-dimensional super element m...
Suncor replaces board at Canadian Oil Sands
Feb 09, 2016 (UPI)
Canadian Oil Sands announced its entire board of directors is comprised of former leaders from rival Suncor as a hostile takeover takes hold. Suncor last week a...
Aussie oil company gushing over Cuba
Feb 09, 2016 (UPI)
The lower cost of operating in the Cuban oil sector and improving Western diplomatic ties means good things for early movers, an Australian company said. Indepe...
IEA demand forecast drags on oil prices
Feb 09, 2016 (UPI)
Crude oil prices moved lower in early Tuesday trading after the International Energy Agency warned of a prolonged market downturn. "Having peaked at a five-year...
Chesapeake recovers some share value
Feb 09, 2016 (UPI)
Shares in U.S. oil and gas company Chesapeake Energy Corp. recovered lost ground after it said it was seeking financial guidance, but not filing for bankruptcy....
Retail gasoline selling for a bargain
Feb 09, 2016 (UPI)
Retail gasoline price movements may buck historic trends and not move up dramatically on seasonal pressures, motor club AAA reports. Retail gasoline prices fell...
Oil lower on U.S. jobs data
Feb 08, 2016 (UPI)
Crude oil prices turned modestly lower at the opening bell Friday after reports showed the U.S. labor sector is starting to cool down. The U.S. unemployment rat...
Rig contract cancelled for Transocean
Feb 08, 2016 (UPI)
Rig company Transocean said Monday its contract for the Discoverer Deep Seas rig in the Gulf of Mexico was canceled nine months early. Murphy Oil Corp. was leas...
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