OIL

10,863 articles

S. Sudan army begins withdrawal from Juba as deadline nears
Nov 23, 2015 (AFP)
The South Sudanese army, loyal to President Salva Kiir, said Monday it had begun withdrawing from the capital Juba ahead of a peace deal deadline agreed with th...
US warplanes destroy 283 fuel trucks in Syria
Nov 23, 2015 (AFP)
US warplanes have destroyed 283 fuel tankers that were being used to transport oil to help fund the Islamic State group in eastern Syria, officials said Monday....
Oil prices volatile in Monday trading
Nov 23, 2015 (UPI)
Crude oil prices were in flux early Monday on signs Saudi Arabia was willing to at least consider some level of cooperation on the global energy market. Oil pri...
Iran, Venezuela lock step on oil market woes
Nov 23, 2015 (UPI)
Iranian President Hassan Rouhani told visiting officials from Venezuela it was incumbent upon producers to improve the situation in the global energy market. "T...
Newtec expands Astra Connect broadband service for Africa's Oil and Gas Sector
Nov 22, 2015 (SPX)
SES Techcom Services has announced that it will be expanding its Astra Connect broadband service in Africa for the Enterprise and Oil and Gas markets via the Ne...
Wood Mac: Expect Argentinean shale boom
Nov 20, 2015 (UPI)
One of the more lucrative shale basins in the Americas, the Vaca Muerta play in Argentina, could double its output by 2018, analysis finds. Vaca Muerta, located...
Weak demand tugs on crude oil prices
Nov 20, 2015 (UPI)
Crude oil prices continued drifting lower in early Friday trading as demand signals continued to show protracted softening in the energy market. West Texas Inte...
Pakistan gets $1.4 billion energy loan from ADB
Nov 20, 2015 (UPI)
The Asian Development Bank said it was providing more than $1 billion in loans to help Pakistan address chronic power issues in the country. Pakistan's aging in...
No drilling in the Atlantic, regional parties say
Nov 20, 2015 (UPI)
City officials and business leaders visited Washington, D.C., to pressure the White House to keep Atlantic basins off limits to energy explorers. The U.S. Inter...
Afghanistan reviews gas development potential
Nov 20, 2015 (UPI)
The Afghan government said it's closer to finalizing a deal with a consortium of energy companies that could pave the way for gas exploration and production. A ...
Federal charges filed for deadly 2012 oil rig blast
Nov 20, 2015 (UPI)
The U.S. Justice Department said it filed criminal charges in response to a 2012 oil platform incident in the Gulf of Mexico that left three workers dead. Three...
Heavy Syria air strikes kill 8, destroy oil tankers: monitor
Nov 20, 2015 (AFP)
At least eight people were killed in at least 50 air strikes on Syria's eastern Deir Ezzor province Friday, during which dozens of oil tankers were destroyed, a...
Venezuela questions U.S. ties after oil-spying claims
Nov 19, 2015 (UPI)
Venezuela's president ordered a review of ties with Washington after uncovering allegations the United States was spying on employees at the state oil company. ...
High-value oil find for Shell in Gulf of Mexico
Nov 19, 2015 (UPI)
Shell said it confirmed what it considers a high-value and significant discovery of oil in the deep U.S. waters of the Gulf of Mexico. "Kaikias is a high-value ...
Political Climate Shifting Against The Oil And Gas Industry
Nov 19, 2015 (SPX)
Oil and gas companies have had a tough time over the past year trying to weather the storm of falling oil prices. But the political and financial winds are movi...
Global Witness: Exxon's climate issues tip of the iceberg
Nov 19, 2015 (UPI)
Exxon Mobil is just one bad apple among a bunch of companies in the extractive industry suspected of holding back on investors, Global Witness said. The New Yor...
Texas oil production drifts lower
Nov 19, 2015 (UPI)
Preliminary data from a Texas energy regulator show crude oil production in the No. 1 producer in the nation is down for the second straight month. Data from th...
BG, Shell merger one step closer to completion
Nov 19, 2015 (UPI)
The planned acquisition of BG Group is one step closer to completion after clearing Australian anti-trust authorities, Royal Dutch Shell announced. The Australi...
Oil pulls back, WTI flirts with sub $40
Nov 19, 2015 (UPI)
A call for robust production from the Saudi oil minister added negative pressure to crude oil prices in early Thursday trading. Brent crude oil moved back from ...
Murkowksi: White House an Alaskan oil killer
Nov 18, 2015 (UPI)
It's the president's fault that another major energy company has folded up its tent and left Alaska behind, the chair of the Senate energy committee said. Norwe...
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