OIL

10,863 articles

Russian jets 'hunting' IS oil tanker trucks: defence ministry
Nov 18, 2015 (AFP)
Russia on Wednesday said its planes will attack any tanker trucks travelling through territory belonging to the Islamic State group in Syria, as Moscow looks to...
EU moves major funding toward energy strategy
Nov 18, 2015 (UPI)
Nearly 200 energy infrastructure projects across Europe will help diversify parts of the energy sector, while pulling others out of isolation, an official said....
US strikes on IS oil supply initially only 'minimally effective'
Nov 18, 2015 (AFP)
US air strikes have been only "minimally effective" in destroying oil infrastructure in the hands of jihadists, a military spokesman said Wednesday, explaining ...
Experts recommend modeling to avoid earthquakes resulting from fracking
Nov 18, 2015 (SPX)
Using computer analysis prior to drilling could limit seismic events as a result of hydraulic fracturing, according to new research published in the Canadian Ge...
Schlumberger cleared for tool-maker takeover
Nov 18, 2015 (UPI)
Oil field services company Schlumberger and tool-maker Cameron International said their proposed $12.7 billion merger was cleared by U.S. regulators. "The U.S. ...
TransCanada will grow without Keystone XL
Nov 18, 2015 (UPI)
Pipeline company TransCanada said it had $9.75 billion worth of projects on tap that will expand its North American footprint despite recent political setbacks....
Demand signals lift crude oil prices higher
Nov 18, 2015 (UPI)
A rare sign of growing demand gave energy markets a boost in early Wednesday trading, with crude oil indices gaining at least a full percentage point. Crude oil...
Oil markets moving on economic concerns
Nov 17, 2015 (UPI)
Crude oil prices shifted less on geopolitical concerns and more on market fundamentals, losing ground in Tuesday trading on growing concerns about Europe. Oil p...
No luck in drilling for oil and gas in Kenya
Nov 17, 2015 (UPI)
Despite earlier optimism about the reserve potential in frontier African oil and gas basins, Tullow Oil said it came up empty handed in its efforts in Kenya. Tu...
Gas prices flirting with historic low
Nov 17, 2015 (UPI)
Low oil prices and the ending of a season of heavy refinery maintenance are pushing the U.S. average price for gas close to a historic record, analysts say. Mot...
Mexico asks to join IEA
Nov 17, 2015 (UPI)
Mexico's secretary of energy said from Paris his country submitted a formal request to join the Western-backed International Energy Agency. Founded in the wake ...
Statoil pulls out of Alaskan Arctic after Shell
Nov 17, 2015 (AFP)
Norway's Statoil said Tuesday it was giving up its exploration licences in Alaska after its Anglo-Dutch rival Shell threw in the towel in September because of d...
Australia says 'no' to BP
Nov 17, 2015 (UPI)
A regulator charged with vetting plans for offshore Australia said it wasn't satisfied with an environmental plan submitted by British energy company BP. An Aus...
Maersk gets nod for Kurdish oil work
Nov 17, 2015 (UPI)
Danish energy company Maersk Oil said it received approval to start an oil field development plan in the Kurdish north of Iraq. The semiautonomous Kurdistan Reg...
Japan puts downward pressure on oil prices
Nov 16, 2015 (UPI)
Energy markets shook off concerns about last week's Islamic State attacks on Paris to drift lower on word the Japanese economy moved back into recession. Crude ...
Norwegian petroleum sales dip
Nov 16, 2015 (UPI)
Domestic sales of petroleum products in Norway decreased even though the cost for consumers is down, data from the Norwegian government said. Data from the Norw...
Low oil revenues could stymie Iraq's counter-terrorism measures
Nov 16, 2015 (UPI)
Iraqi revenues are under strain from conflict and low oil prices, creating a shortage of cash needed to back counter-terrorism efforts, Moody's Analytics said. ...
North Dakota rig count near six-year low
Nov 16, 2015 (UPI)
The number of rigs actively exploring for or producing oil and natural gas in North Dakota is holding steady near a six-year low, state data show. The state gov...
Russia sees Chinese role in arctic oil
Nov 16, 2015 (UPI)
Russia's deputy energy minister said Monday an invitation to China was on the table to help with energy exploration strategies in the arctic. A lack of infrastr...
Scotland leads unconventional gas extraction health assessments
Nov 15, 2015 (SPX)
Scotland can lead the international public health impact assessment of unconventional gas extraction (UGE), according to a new report by University of Stirling ...
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