OIL

10,863 articles

Alberta goes all-in on economic diversity
Feb 03, 2016 (UPI)
The provincial government of Alberta reshaped its ministerial portfolio to help usher in a new scheme for economic diversity, Premier Rachel Notley said. Notley...
Iran ahead of the game, Moody's finds
Feb 03, 2016 (UPI)
Steering the region's second-largest economy through Western sanctions means Iran is in a unique position to weather an oil sector downturn, Moody's said. Moody...
Oil up on U.S. jobs, production rumors
Feb 03, 2016 (UPI)
Signs of a resilient U.S. labor sector and ongoing rumors about oil production deals pulled crude oil back above $30 per barrel in Wednesday trading. Weak earni...
Lundin suffers major losses in 2015
Feb 03, 2016 (UPI)
Swedish energy company Lundin Petroleum reported its worst quarterly results ever, though its president said the market may be approaching bottom. Lundin report...
City of Washington, D.C., says 'no' to offshore drilling
Feb 03, 2016 (UPI)
Advocacy group Oceana said it welcomed Washington, D.C., to a growing list of local governments expressing opposition to drilling in the Atlantic Ocean. The cit...
Refinery issues tug on gas prices
Feb 02, 2016 (UPI)
Refinery issues may be pulling the U.S. national average price for gas higher, though low crude oil prices are keeping the average below $2, AAA said. Tuesday m...
Scotland offers more support for energy sector
Feb 02, 2016 (UPI)
Following plans to help energy workers with new training, the Scottish government said it was offering support to protect oil and gas companies from risk. "To h...
Anadarko latest to suffer fourth quarter loss
Feb 02, 2016 (UPI)
U.S. shale and offshore player Anadarko Petroleum announced plans to cut spending after posting a fourth quarter loss of $1.25 billion. The price for West Texas...
Oil squeezing Oklahoma's budget
Feb 02, 2016 (UPI)
State agencies in Oklahoma may be facing budget cuts of at least 10 percent in part because of the pressure from lower oil prices, the governor said. "We've see...
Exxon posts profit, but not a very strong one
Feb 02, 2016 (UPI)
U.S. supermajor Exxon Mobil said it still managed to post earnings during the fourth quarter, though results were lower year-on-year by more than half. Exxon re...
Oil sharply lower on weak earnings
Feb 02, 2016 (UPI)
Weak fourth quarter reports from the energy sector helped sustain downward momentum sparked by China, leading to a lower opening Tuesday for crude oil prices. B...
Oil starts February in the red
Feb 01, 2016 (UPI)
As was the case with the start of January, weak economic data from China led to dramatic losses for crude oil on the first full trading day of the month. The ce...
Oil prices fall on weak China data, dimming deal hopes
Feb 01, 2016 (AFP)
Oil prices tumbled Monday following disappointing Chinese economic data and doubts about an imminent deal of major petroleum producers to cut output. US benchma...
Friends of the Earth: British fracking plans undemocratic
Feb 01, 2016 (UPI)
A British plan to develop an industrial-scale shale natural gas industry within a decade is an "attack on democracy," an environmental campaign group said. Advo...
Leviathan gas to supply Israeli market
Feb 01, 2016 (UPI)
The partners controlling the Leviathan gas field off the Israeli coast announced they signed a deal for deliveries to a local electricity producer. Israeli elec...
Iraq oil exports up but revenue plunges on low prices
Feb 01, 2016 (AFP)
Iraqi oil exports rose in January compared to the previous month but revenue fell by more than $650 million due to plunging crude prices, the oil ministry said ...
Shell divesting from Malaysia
Feb 01, 2016 (UPI)
Royal Dutch Shell said it took in more than $60 million for the sale of a majority of its holdings in a Malaysian refining company to a national company there. ...
Scotland offers aid to North Sea energy workers
Feb 01, 2016 (UPI)
The Scottish government announced a new fund to help oil and gas workers find jobs in other parts of the energy sector as the market downturn lingers. Scottish ...
Shale-rich Oklahoma funding earthquake research
Jan 29, 2016 (UPI)
Mary Fallin, governor of emerging shale state Oklahoma, said she set aside more than $1 million in emergency funds to support earthquake research. Fallin approv...
Oil smiles on Bank of Japan moves
Jan 29, 2016 (UPI)
Crude oil prices edged higher in early Friday trading after the Bank of Japan cut interest rates, though pressure could emerge from fourth quarter earnings. The...
Buy Advertising About Us Editorial & Other Enquiries Privacy statement
The content herein, unless otherwise known to be public domain, is Copyright 1995-2026 Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principles for news reporting and research purposes.