OIL

10,863 articles

Hess Corp. posts net loss of $396 million for fourth quarter
Jan 27, 2016 (UPI)
A day after announcing a cut in spending, Hess Corp. said it took a net loss of $396 million for the fourth quarter against $53 million in income year-on-year. ...
Will oil prices rebound in 2016
Jan 26, 2016 (SPX)
Oilprice.com recently spoke with Carl Larry, Director of Oil and Gas at Frost and Sullivan, a consultancy that conducts research on oil and gas markets, to get ...
China starts gas production with Chevron
Jan 26, 2016 (UPI)
China's largest energy company said it started commercial gas production from a field located in the Sichuan basin in southwest China. State-owned China Nationa...
Iran, Italy sign energy agreements
Jan 26, 2016 (UPI)
Italian energy company Saipem said it signed an agreement to explore the option for working in the opening Iranian oil and gas sector. Saipem, a subsidiary of I...
Hess trims spending guidance
Jan 26, 2016 (UPI)
U.S. upstream player Hess Corp. said it was cutting planned spending for exploration and production for the year by 20 percent to $2.4 billion. Hess in October ...
Oil-rich Saudis tilts toward more openness
Jan 26, 2016 (UPI)
With the privatization of its state-owned oil company on the agenda, a Saudi competition director called for more government support for market newcomers. The S...
Crude oil recovers from Monday's loss
Jan 26, 2016 (UPI)
Crude oil prices started Tuesday in volatile territory after giving up recent gains, but held above $30 per barrel amid modest signs of economic optimism. Crude...
Kuwait, Iraq say OPEC will not cut output alone
Jan 26, 2016 (AFP)
The Kuwaiti and Iraqi oil ministers said on Tuesday that OPEC will not cut production unless producers outside the cartel do the same, despite the plunge in cru...
Aliso gas leak effort in final phase
Jan 26, 2016 (UPI)
The steps necessary to stop the gas leak from Aliso Canyon in California is underway, though work won't be done until the end of February, a gas company said. C...
Gas prices volatile, but remain low
Jan 26, 2016 (UPI)
Though the average U.S. price for a gallon of gasoline went up by a fraction of a cent, retail prices remain at their lowest in six years, market reports show. ...
North Dakota rig count down 20 percent so far this year
Jan 25, 2016 (UPI)
The number of rigs exploring for oil and natural gas in North Dakota is down roughly 20 percent from the start of the year, state data show. The North Dakota In...
Last week's oil price rally fizzles
Jan 25, 2016 (UPI)
Crude oil prices retreated after surging more than 9 percent during the previous session as markets reacted to the latest supply-side concerns from OPEC. Oil pr...
Iran's Rouhani embarks for European trade tour
Jan 25, 2016 (UPI)
With the nation's oil minister in tow, Iranian President Hassan Rouhani left Tehran for his first post-sanctions tour of European countries. "Expansion of relat...
OPEC losing clout, energy chief says
Jan 25, 2016 (UPI)
The Organization of Petroleum Exporting Countries is fading, though Middle East producers may reign supreme, the CEO of Italian energy company ENI said. Claudio...
Oil services company Halliburton posts deep loss
Jan 25, 2016 (UPI)
Steep declines in the North American market were in part behind the 9 percent decline in revenue, oil field services company Halliburton said. Halliburton, whic...
ExxonMobil sees lower 'carbon intensity' in 2040
Jan 25, 2016 (AFP)
Global energy demand will rise by 25 percent through 2014, but greater use of low-carbon fuels will cut carbon emission relative to economic activity, said an E...
Turkey a vital energy partner, EU says
Jan 25, 2016 (UPI)
Turkey is a fundamental partner in the drive to ensure the European energy sector is well supplied and free from dominance, the European Commission said. Member...
Russia sees oil settling near $30 per barrel
Jan 22, 2016 (UPI)
Oil market volatility can't last very long, as $30 per barrel may emerge as the low-point for the year, the head of a Russian financial services company said. C...
Lundin sells Malaysian infrastructure
Jan 22, 2016 (UPI)
Swedish energy company Lundin Petroleum said it was taking in cash after shedding infrastructure in Malaysia it said is not part of its core business strategy. ...
East Coast energy under threat from winter storm
Jan 22, 2016 (UPI)
The energy infrastructure for the estimated 75 million people in the path of a major winter storm system is in jeopardy, a federal U.S. report said. "A combinat...
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