OIL

10,863 articles

Upton: U.S. oil policies should match shale era
Sep 15, 2015 (UPI)
As the full House Energy and Commerce Committee considers lifting a ban on U.S. crude oil exports, a congressman said it's time policies match the shale era. By...
AAA: Gas should only get cheaper
Sep 15, 2015 (UPI)
A weak crude oil market and lower expected U.S. consumer demand for gasoline this autumn are expected to keep prices at the pump lower, motor club AAA said. AAA...
Russia's Turkish Stream pipeline on hold
Sep 15, 2015 (UPI)
Development of the Turkish Stream natural gas pipeline from Russia is on hold because of installation delays, an official with Russia's Gazprom said. Alexander ...
Wood Group addressing oil services challenges
Sep 15, 2015 (UPI)
Scottish oil services company Wood Group said Tuesday it would lead five joint industry projects in an effort to address tackle challenges facing the industry. ...
Oil prices edge lower on weak Chinese data
Sep 14, 2015 (UPI)
Weak Chinese factory output and an increase in crude oil production from Saudi Arabia weighed down crude oil prices in early Monday trading. West Texas Intermed...
OPEC: All eyes on U.S. oil production
Sep 14, 2015 (UPI)
The global crude oil market is keeping an eye on how quickly U.S. oil production falls during an era of lower prices, OPEC said in its latest market report. The...
Delayed effects of oil spill compromise long-term fish survival
Sep 14, 2015 (SPX)
For 25 years, methodical research by scientists has investigated the effects of the Exxon Valdez oil spill in 1989 on Alaskan communities and ecosystems. A new ...
Stanford study proves pipeline replacement programs are effective
Sep 14, 2015 (SPX)
Invisible gas leaks from aging or damaged pipelines cost U.S. consumers billions of dollars every year, contribute to global warming, and, in rare cases, cause ...
North Dakota rig count declines
Sep 14, 2015 (UPI)
The number of rigs actively exploring for or producing oil and natural gas in North Dakota is down more than 65 percent from last year, state data show. The Nor...
LNG company Oil Search turns down Woodside bid
Sep 14, 2015 (UPI)
Liquefied natural gas company Oil Search said it rejected an acquisition proposal from rival Woodside Petroleum, citing a need to ensure shareholder value. Wood...
Iran's Rouhani: Economy still tied too much to oil
Sep 14, 2015 (UPI)
With more of its oil expected back in the global market, Iranian President Hassan Rouhani said he was cautious nonetheless about a petroleum-dependent economy. ...
U.S. to open up offshore acreage for drillers
Sep 14, 2015 (UPI)
The U.S. government said it was offering more than 40 million acres for drilling opportunities in the central and eastern Gulf of Mexico. "As one of the most pr...
Statoil: Johan Sverdrup development in full swing
Sep 11, 2015 (UPI)
With the doling out of a new drilling platform contract, Norwegian energy company Statoil said development for the giant Johan Sverdrup field is moving swiftly....
EIA: Oil companies may cut spending further
Sep 11, 2015 (UPI)
Companies contributing most to U.S. onshore oil production are expected to cut capital spending as the weak oil market endures, a federal energy report said. We...
Forecasts drive crude oil prices lower
Sep 11, 2015 (UPI)
Crude oil prices took a beating early Friday after an expected decline in market trajectory offset concerns over expected declines in non-OPEC supplies. West Te...
U.S. importing less Saudi oil - for now
Sep 11, 2015 (UPI)
Total U.S. imports of crude oil from Saudi Arabia for the week ending Sept. 4 are down roughly 15 percent from last year, U.S. federal data show. The U.S. Energ...
Honor ceiling, Iran tells OPEC
Sep 10, 2015 (UPI)
The Organization of Petroleum Exporting Countries will have to review production levels to make room for Iran or face consequences, Iran's Oil Ministry said. An...
Ontario refineries shove foreign oil aside
Sep 10, 2015 (UPI)
Refineries in Ontario have shifted from foreign to domestic supplies of crude oil in the 14 years ending in 2014, the national energy regulator said. The Nation...
Italy's Eni sees Cyprus role in Egyptian gas development
Sep 10, 2015 (UPI)
Italian energy company Eni said the republic of Cyprus could serve as a strategic energy hub and a possible conduit for future Egyptian natural gas supplies. En...
U.S. labor figures lift crude oil prices
Sep 10, 2015 (UPI)
Positive momentum in the U.S. labor market helped offset concerns about lowered forecasts for oil, giving key price indices a lift in early Thursday trading. Th...
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