OIL

10,863 articles

Chinese optimism gives oil prices minor support
Sep 23, 2015 (UPI)
Chinese assurances of economic stability gave crude oil prices a modest lift in early Wednesday trading despite weak manufacturing activity. Brent crude oil pri...
Coming soon: $2 per gallon gas
Sep 22, 2015 (UPI)
Continued weakness in crude oil markets and lower seasonal demand should keep U.S. consumer gasoline prices lower, industry forecasts said. Motor club AAA repor...
This Is What Needs To Happen For Oil Prices To Stabilize
Sep 22, 2015 (SPX)
On September 10th the EIA reported a production decline in the Lower 48-essentially shale production-of 208,000 BOPD. That is a staggeringly enormous number, ap...
Low oil prices help slowing India
Sep 22, 2015 (UPI)
The low price of crude oil is a silver lining in an otherwise downbeat forecast for growth in the Indian economy, the Asian Development Bank said. The ADB said ...
Venezuela holds military exercise, raising tensions with Guyana
Sep 22, 2015 (AFP)
Venezuela said Tuesday it is conducting military exercises in the eastern part of the country, a move neighboring Guyana denounced as an "extraordinary escalati...
Offshore Africa could add more rigs
Sep 22, 2015 (UPI)
Much of the growth in offshore exploration and production is expected from Nigeria and Angola, a report from the U.S. federal government said. Oil field service...
Colorado feeling oil price squeeze
Sep 22, 2015 (UPI)
The low price of crude oil is expected to contribute to further contractions in Colorado employment and state revenues, the government's fiscal report said. The...
Greening the electric grid with gas turbines
Sep 22, 2015 (SPX)
Much of the nation's energy policy is premised on the assumption that clean renewable sources like wind and solar will require huge quantities of storage before...
Fitch Ratings: Russian gas pipeline faces obstacles
Sep 22, 2015 (UPI)
Funding and market challenges could get in the way of further progress in Russian plans to add on to an existing European gas pipeline, Fitch Ratings says. The ...
Crude oil prices lower after Monday gains
Sep 22, 2015 (UPI)
Continued government spending on fossil fuels added to fears of oversupply, pushing crude oil prices deep into negative territory in early Tuesday trading. Bren...
U.S. oil sector downturn lifts crude oil prices
Sep 21, 2015 (UPI)
Industry signs that weak economics may be throttling some developments in the U.S. energy sector lifted crude oil prices in early Monday trading. Brent crude oi...
ENGIE investing in Chinese market
Sep 21, 2015 (UPI)
French energy company ENGIE said it was building on its new strategy for an expanded footprint by shoring up its position in the Chinese market. ENGIE Chairman ...
Nigeria gets financial lift from Chevron
Sep 21, 2015 (UPI)
Nigeria's national oil company said it secured more than $1 billion in financing for onshore and offshore drilling operations from a Chevron subsidiary. An agre...
New European gas pipeline closer to launch
Sep 21, 2015 (UPI)
An invitation for bids for data control mechanisms on the planned Trans-Adriatic gas pipeline puts it one step closer to completion, developers said. The pipeli...
Report: Post-sanctions Iran still tricky
Sep 21, 2015 (UPI)
Western investors looking to capitalize on easing sanctions pressure on Iran's energy sector should exercise a degree of caution, analysis finds. Iran's economy...
How one US state went from two quakes a year to 585
Sep 20, 2015 (AFP)
The central US state of Oklahoma has gone from registering two earthquakes a year to nearly two a day and scientists point to a controversial culprit: wastewate...
House move on oil exports moot, White House says
Sep 18, 2015 (UPI)
Congressional moves to repeal a crude oil exports ban are irrelevant because those decisions rest with the Commerce Department, the White House said. The House ...
IEA sees high risk in arctic oil
Sep 18, 2015 (UPI)
The incoming executive director of the International Energy Agency said drilling for oil in arctic waters may be geologically and economically prohibitive. "I b...
IMF: Egypt's gas good for growth
Sep 18, 2015 (UPI)
The discovery of a major deposit of natural gas off the Egyptian coast should help ensure positive economic growth, the International Monetary Fund said. Member...
MOL finds oil and gas in Pakistan
Sep 18, 2015 (UPI)
The discovery of oil and natural gas in Pakistan will help the country address chronic energy shortages, Hungarian energy company MOL said Friday. MOL announced...
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