OIL

10,863 articles

Saudi oil revenue down 23 percent
Dec 28, 2015 (UPI)
Total oil revenues for Saudi Arabia for the year are expected to be 23 percent less than the previous fiscal year, the Finance Ministry said Monday. The ministr...
Iran vows to win back oil market share
Dec 28, 2015 (UPI)
With more than 2 million barrels of oil per day expected on the market, an Iranian energy director said the country is ready to take a larger market share. "Ira...
Dreaming of energy security, India pumps desert oil
Dec 27, 2015 (AFP)
The deserts of Rajasthan may be the showcase for India's solar revolution but the oil explorer that struck gold beneath the same sands insists the country needs...
Enterprise to help export first U.S. oil batch
Dec 24, 2015 (UPI)
A Houston company said it agreed to provide the services needed to load the first shipment of domestic light crude oil from the United States since the 1970s. T...
Monthly oil production in Texas down 8 percent
Dec 24, 2015 (UPI)
Texas oil production for October, the last full month for which data are available, was down 10 percent from the previous month, state data show. The Railroad C...
Oil continues gains on inventory draw
Dec 24, 2015 (UPI)
Crude oil prices extended their gains for the week Thursday on signs inventory held in storage in the United States was dwindling. Though still close to lows no...
Russia, Iran review gas cooperation potential
Dec 24, 2015 (UPI)
Russian energy company Gazprom said it was considering the potential for work alongside its Iranian counterparts to help develop Iran's gas reserves. Iran hoste...
Putin: Be prepared for long oil price slump
Dec 24, 2015 (UPI)
Russian economic planners should be prepared for durable financial challenges presented by a long period of low oil prices, President Vladimir Putin said. Putin...
More drilling slated for Barents Sea
Dec 24, 2015 (UPI)
The Norwegian government said it awarded a license to Austrian energy company OMV to drill two new exploration wells in the Barents Sea. OMV gets consent to dri...
Oklahoma, Kansas among the few rig gainers
Dec 24, 2015 (UPI)
Of the U.S. states with a notable level of oil production, data show Oklahoma and Kansas recorded the largest increase in monthly activity in terms of percent. ...
OPEC revises U.S. shale durability upward
Dec 23, 2015 (UPI)
Oil production from inland shale basins in the United States is expected to be more robust than previously thought, OPEC said in its global outlook. The Organiz...
Royal Dutch Shell makes deeper cuts
Dec 23, 2015 (UPI)
With the company expecting improved efficiency after merging with BG Group, Royal Dutch Shell said it plans to cut spending for next year more than expected. Sh...
Oil rallies on OPEC price sentiment
Dec 23, 2015 (UPI)
Expectations of a market recovery in the latest report from OPEC helped oil prices rebound in Wednesday trading, though Brent is still below $40 per barrel. Cru...
North Dakota's population hits record high
Dec 23, 2015 (UPI)
The population of oil-rich North Dakota has reached an all-time high as people flock to take advantage of a strong economy, Gov. Jack Dalrymple said. Data from ...
Not all of Texas down along with oil
Dec 23, 2015 (UPI)
Despite the downturn in the oil sector, some metropolitan areas in Texas are showing healthy growth in labor figures, the Dallas Federal Reserve finds. Lower cr...
Colorado cities may miss out on energy cash
Dec 23, 2015 (UPI)
Colorado cities with the potential to host hydraulic fracturing campaigns could lose up to $1 million in tax revenue if bans are enforced, analysis finds. The C...
Iran bracing for $30 oil
Dec 23, 2015 (UPI)
Financial planners in Iran need to be prepared for crude oil prices moving potentially below $30 per barrel, the Iranian minister of the economy said. Minister ...
Eni praises role of Tripoli's national oil company
Dec 22, 2015 (UPI)
Less than a week after the signing of Libyan political agreements, Italian energy company Eni said it welcomed the state oil company's role in national unity. E...
Lundin declares oil find in North Sea
Dec 22, 2015 (UPI)
Swedish energy company Lundin Petroleum said it made a minor oil discovery that may be associated with the larger Edvard Grieg field in the North Sea. Lundin an...
Chevron makes LNG deal with China
Dec 22, 2015 (UPI)
Chevron said a non-binding agreement to supply China with liquefied natural gas is a milestone for the commercialization of its energy portfolio in Australia. C...
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