OIL

10,863 articles

U.S. shale player shows signs of life
Nov 04, 2015 (UPI)
U.S. shale player ONEOK Partners announced good earnings in the third quarter and anticipates future growth in its natural gas volumes. "Earnings growth continu...
Iran needs years, not months to regain oil status: report
Nov 04, 2015 (AFP)
Iran's ambition to regain its full oil export capacity after the lifting of international sanctions is likely to take several years rather than months, a report...
White House tries to move KXL debate above politics
Nov 04, 2015 (UPI)
The White House said it was working to shield the debate over the Keystone XL oil pipeline from partisan debates and focus instead in the project's merits. Pipe...
Chevron: Production started at shared African oil field
Nov 03, 2015 (UPI)
Chevron said the development of oil reserves straddling the maritime border of the Republics of Congo and Angola could serve as a model for Africa. Chevron's su...
Shell, Nigeria accused over oil spill clean up
Nov 03, 2015 (AFP)
Shell was on Tuesday accused of making false claims about the extent of its oil spill clean-up operations in Nigeria and urged to take more action to help worst...
Keystone XL decision will come on Obama's watch
Nov 03, 2015 (UPI)
A decision on the Keystone XL oil pipeline from Canada is expected at some point during the Obama presidency, a White House spokesman said. "The president will ...
US to pursue Keystone pipeline review
Nov 03, 2015 (AFP)
The United States said Tuesday it would carry on with its review of the controversial cross-border Keystone XL oil pipeline project despite a request from build...
Panda Power Funds Coal-To-Natural Gas Power Conversion Project
Nov 03, 2015 (SPX)
Panda Power Funds has financed the 1,124 megawatt Panda "Hummel Station" power plant - one of the largest coal-to-natural gas power conversion projects in the U...
Fitch: EU, U.S. firms hurt by energy downturn
Nov 03, 2015 (UPI)
Fitch Ratings agency said the low price of crude oil and natural gas is damaging the economics for players in the U.S. and European markets. The price for Brent...
Stop Blaming OPEC For Low Prices
Nov 03, 2015 (SPX)
We are a little more than a month away from OPEC's next meeting, which will be held in Vienna on December 4, 2015. OPEC altered the course of the oil markets la...
Russia expects long slump in oil prices
Nov 03, 2015 (UPI)
In a potential blow to a weakened Russian economy, the head of the Russian Central Bank said there may be a sustained slump in crude oil prices. A price of arou...
Refinery issues again pull on retail gasoline prices
Nov 03, 2015 (UPI)
The average retail price for gasoline in the United States was again skewed higher by refinery issues in the Midwest, motor club AAA said. AAA reports a nationa...
Moody's: No long-term oil threat for Canada
Nov 02, 2015 (UPI)
Canadian provinces may miss their short-term budget targets because of lower oil prices, though balance is expected long term, Moody's said. The provincial gove...
Shell starts November with asset sales
Nov 02, 2015 (UPI)
After reporting heavy losses for the third quarter, Royal Dutch Shell said Monday it sold off stakes in Chinese and French holdings in the downstream sector. Fo...
West Africa drawing oil interest
Nov 02, 2015 (UPI)
West Africa continues drawing interest from explorers, with Australia's FAR Ltd. announcing the start of work in a basin in Senegal described as world class. Fa...
North Dakota shows 3 percent increase in rig activity
Nov 02, 2015 (UPI)
In a further sign the worst may be over for North Dakota, the state reported an increase in the number of rigs exploring for or producing oil and natural gas. S...
Inspector warns natural gas project in Afghanistan is too costly
Nov 02, 2015 (UPI)
The Special Inspector General for Afghanistan Reconstruction says the United States may be spending too much on natural gas in Afghanistan. For the project, the...
Iran talking energy with European companies
Nov 02, 2015 (UPI)
Iran said it's been vetting interest from major European energy companies eager to wade into the oil and gas sector once sanctions pressures ease. During an inv...
Oil prices subdued in Asia on weak China manufacturing
Nov 02, 2015 (AFP)
Oil prices were subdued in Asia Monday on data showing that the key manufacturing sector in China, the world's top energy consumer, shrank in October for the th...
US military wasted $43 mn on useless gas station: watchdog
Nov 02, 2015 (AFP)
The US military used $43 million of taxpayer dollars for a natural gas station in northern Afghanistan that should have cost just $500,000, the government watch...
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