OIL

10,863 articles

Gazprom posts strong European sales
Jan 15, 2016 (UPI)
Russian energy company Gazprom said it sold more natural gas to European companies and yielded more profit for the nine months ending Sept. 30. Gazprom reported...
GAO: Only 6 confirmed market players in Iran's energy sector
Jan 14, 2016 (UPI)
Ahead of the so-called Implementation Day, a U.S. federal report found only six foreign companies were working in the Iranian energy sector last year. White Hou...
Lundin: Statoil buy a vote of confidence
Jan 14, 2016 (UPI)
The acquisition by Norwegian energy giant Statoil of a minority stake is a vote of confidence for regional operations, Lundin Petroleum's CEO said Thursday. Sta...
Crude oil prices move higher on shades of optimism
Jan 14, 2016 (UPI)
Broad signs of steady, albeit uneven growth, in the global economy and resilience in London gave crude oil prices a shot in the arm in Thursday trading. Crude o...
Industry impact on low oil prices 'brutal'
Jan 14, 2016 (UPI)
Nearly 3 million barrels of oil developments may see production delays given the capital pressure from lower crude oil prices, Wood Mackenzie finds. "The impact...
Norway asks oil and gas players to take long view
Jan 14, 2016 (UPI)
With more than half of the potential reserves offshore Norway untapped, the government said the industry needs to take the long view in the depressed market. Th...
Oil pressures spreading, Dallas Fed finds
Jan 14, 2016 (UPI)
A survey from the Dallas Federal Reserve finds pressure from energy sector weakness may be spilling over into other parts of the economy. "Demand for oilfield s...
Shell lease requests offshore Alaska face scrutiny
Jan 14, 2016 (UPI)
A group of environmental activists filed a challenge to leases held by Royal Dutch Shell in Alaskan waters, citing the need to act on behalf of the climate. Ear...
Fitch downgrades Hess Corp. to negative
Jan 13, 2016 (UPI)
Moves by U.S. energy company Hess Corp. to streamline its portfolio leave it with few ways to diversify in the weak oil economy, Fitch Ratings said. Fitch Ratin...
State tax revenue squeezed by oil prices
Jan 13, 2016 (UPI)
Lower crude oil prices are starting to drain on tax revenues for some of the top producers in the country, a federal data review found. State reports on the dir...
Oil tries again to rally
Jan 13, 2016 (UPI)
A pull on U.S. crude oil inventories reflected some short-term balance in supply and demand, giving crude oil prices a shot at a rally in Wednesday trading. Cru...
Europe has questions about Baker, Halliburton merger
Jan 13, 2016 (UPI)
U.S. oil services companies Halliburton and Baker Hughes said they'd work with European officials who said they're closely reviewing their proposed merger. The ...
Africa-focused Tullow expects good year
Jan 13, 2016 (UPI)
Africa-focused Tullow Oil said a business reset in 2015 meant it was starting the year with the financial buffer needed to yield strong production figures. Chie...
Iran: No request for OPEC meeting
Jan 13, 2016 (UPI)
Iran has received no formal request for an extraordinary meeting for members of the Organization of Petroleum Exporting Countries, its oil minister said. Nigeri...
Gas prices follow crude oil lower
Jan 12, 2016 (UPI)
The average price for a gallon of regular unleaded gasoline in the United States is the cheapest it's been in nearly seven years, retail market analyses find. M...
Another setback for Canadian pipelines
Jan 12, 2016 (UPI)
The provincial government of British Columbia said it did not support efforts by pipeline company Kinder Morgan to expand a regional crude oil network. Kinder M...
OPEC rumors give oil prices a rare lift
Jan 12, 2016 (UPI)
Crude oil prices recovered some lost ground in early Tuesday trading amid suggestions members of OPEC could meet to discuss the weak price environment. Emmanuel...
BP cuts staff from North Sea operations
Jan 12, 2016 (UPI)
British energy company BP said Tuesday it would trim around 600 from its payroll to ensure it remains competitive in the North Sea environment. "Given the well-...
Canadian Oil Sands declares victory
Jan 11, 2016 (UPI)
Canadian Oil Sands Ltd. declared victory Monday by saying its shareholders overwhelmingly rejected a hostile takeover bid from rival Suncor Energy Inc. "Our boa...
Putin says economy under threat
Jan 11, 2016 (UPI)
With oil prices collapsing below 10-year lows, Russian President Vladimir Putin said one of the greatest threats to his country was an economic one. During his ...
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