OIL

10,863 articles

Shell, BG merger cleared by Australian regulator
Dec 03, 2015 (UPI)
Royal Dutch Shell announced it cleared a regulatory hurdle for the planned combination with BG Group from an Australian financial regulator. The Australian Fore...
Russian pipeline through Turkey on hold
Dec 03, 2015 (UPI)
Talks between Russian and Turkey on building a natural gas pipeline through to Europe are suspended, Russia's energy minister said. Russian energy company Gazpr...
Oil rallies in wild, volatile week
Dec 03, 2015 (UPI)
Steady growth expectations for Asia and OPEC anticipation offset European trajectory, giving crude oil prices a major lift after Wednesday's sell off. Brent cru...
Oil suffers heavy losses ahead of OPEC meeting
Dec 03, 2015 (UPI)
Crude oil prices declined dramatically in early Wednesday trading on expectations members of OPEC would stand pat on production levels at their next meeting. Mi...
Texas to see massive layoffs as 250.000 oil jobs lost already
Dec 02, 2015 (SPX)
Crude oil just capped off a third straight week of declines, as WTI nears the $40 per barrel threshold. Goldman Sachs is once again raising the possibility of o...
Shedding light on oil behaviors before the next spill
Dec 02, 2015 (SPX)
A comprehensive scientific report released by The Royal Society of Canada (RSC) has concluded that there are still critical research gaps hampering efforts to b...
Iraqi Kurds made $3.29 bn from direct oil sales
Dec 01, 2015 (AFP)
Iraq's autonomous Kurdish region said Tuesday it has made more than $3.29 billion in revenues since June from direct oil export sales that the country's federal...
Eni tapping into offshore Mexico
Dec 01, 2015 (UPI)
Italian energy company Eni said it was cleared by Mexican authorities to start development of three oil fields in territorial waters in the Gulf of Mexico. "Eni...
Statoil dumps stake in European gas pipeline
Dec 01, 2015 (UPI)
Italian energy company Snam said it bought Statoil's stake in the planned Trans Adriatic gas pipeline, billed as a near-panacea for European diversification. Fo...
Crude oil ticks lower on tepid growth
Dec 01, 2015 (UPI)
Lingering economic concerns pulled on crude oil prices Tuesday amid anticipation over the next move by the Organization of Petroleum Exporting Countries. Crude ...
Gas prices down for 25 straight days
Dec 01, 2015 (UPI)
For 25 days in a row, U.S. drivers have seen the retail price for gasoline fall and that should be the prevailing trend through year's end, AAA reports. The mot...
Canadian Oil Sands declares win in takeover spat
Dec 01, 2015 (UPI)
An Alberta regulator struck a "major blow" to rival Suncor in its hostile takeover bid by confirming shareholder rights, Canadian Oil Sands Ltd. said. Canadian ...
North Dakota rig count flirts with historic low
Nov 30, 2015 (UPI)
North Dakota rig activity indicates the No. 2 oil producer in the nation is still flirting with an all-time low in the exploration and production sector. State ...
Swiss oil trader Vitol may supply Libya with fuel
Nov 30, 2015 (UPI)
The future of oil-rich Libya and its energy supplies may depend in part on the independence of the country's National Oil Corp., Swiss oil trader Vitol said. Vi...
New oil production started in North Sea
Nov 30, 2015 (UPI)
The start of commercial oil production from the Edvard Grieg field in the North Sea could be transformational, operator Lundin Petroleum said. Commercial produc...
India taking energy demand lead
Nov 30, 2015 (UPI)
With China's economy slowing, it's India that takes the lead as the country expected to take on more oil than any other, the International Energy Agency said. "...
Putin accuses Turkey over IS oil as pilot's body returns to Russia
Nov 30, 2015 (AFP)
Russian President Vladimir Putin on Monday accused Ankara of shooting down a Russian warplane to protect supplies of oil from the Islamic State group to Turkey,...
Oil prices end November on a high note
Nov 30, 2015 (UPI)
A market return by U.S. holiday-goers and anticipation over OPEC's meeting at the end of the week pushed crude oil prices higher on the last day of November. Mo...
China jails 14 over 2013 pipeline blast
Nov 30, 2015 (AFP)
China sentenced 14 people, including local officials and employees at a state company, to prison Monday for their role in a 2013 pipeline blast that killed 63 a...
Emirati energy company claims Kurdish win
Nov 30, 2015 (UPI)
Emirati energy company Dana Gas said it resolved a dispute with its German partners regarding joint-venture operations in the Kurdish north of Iraq. Dana Gas in...
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