OIL

10,863 articles

Refinery issues skewing U.S. gasoline prices
Aug 25, 2015 (UPI)
Though at historic lows on average, refinery issues in the United States and higher demand put upward pressure on gasoline prices, retail market analyses find. ...
Encana Corp. leaves Louisiana shale
Aug 25, 2015 (UPI)
In an effort to cut debt, Canadian energy company Encana Corp. said Tuesday it was selling its shale natural gas assets in Louisiana for $850 million. Encana sa...
Both sides framed Keystone XL Pipeline debate in Nebraska
Aug 25, 2015 (SPX)
As supporters and opponents of the proposed Keystone XL (KXL) Pipeline testified at public hearings in Nebraska between 2010-2013, several interest groups attem...
Fitch Ratings: Gazprom showing durability
Aug 25, 2015 (UPI)
While Russian energy company Gazprom is showing durability, its pipeline ambitions in Europe could face geopolitical and economic delays, Fitch Ratings said. Fi...
More oil than expected in Norwegian North Sea
Aug 25, 2015 (UPI)
The national energy regulator in Norway said preliminary results from a North Sea field show a potential increase in estimated recoverable oil reserves. The Nat...
Chinese rate cut lifts crude oil prices
Aug 25, 2015 (UPI)
A Chinese decision to cut a key interest rate, and signs of marginal growth, gave oil prices a lift in Tuesday trading, a day after steep global declines. Brent...
More rigs added in North Dakota
Aug 24, 2015 (UPI)
North Dakota's energy sector continued showing signs of resiliency in the depressed oil market by adding more rigs, state data show. State data show 76 rigs act...
Texas sees growth, but oil will throttle momentum
Aug 24, 2015 (UPI)
Though job growth in Texas is expected to be strong, the low price of crude oil could throttle some of the forward momentum, the Dallas Federal Reserve said. Th...
Oil sinks as China fears roil markets
Aug 24, 2015 (AFP)
Crude oil prices sank Monday after a plunge in Chinese equities raised fresh fears about China's faltering economy, the largest consumer of energy, and its impa...
Gallup: Low gas boosts opinion of energy industry
Aug 24, 2015 (UPI)
In large part because of lower gasoline prices, a Gallup poll finds that most Americans surveyed said they're warming to the oil and gas sector. Pollsters with ...
The Saudi Oil Price War Is Backfiring
Aug 21, 2015 (SPX)
Saudi Arabia has long enjoyed the status of being the top crude oil exporter in the world. With record production of 10.564 million barrels per day in June 2015...
Saudi Oil Strategy: Brilliant Or Suicide?
Aug 21, 2015 (SPX)
In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market's swing producer and there...
Statoil's Polarled pipeline becomes first to cross Arctic Circle
Aug 21, 2015 (UPI)
Norwegian energy company Statoil said Friday a pipelaying vessel passed a milestone with construction of the Polarled gas pipeline crossing the Arctic Circle. "...
What's Really At Stake With The Iran Nuclear Deal
Aug 21, 2015 (SPX)
Recently, I wrote on these pages that a remarkable turnaround was taking place in the President's fortunes. It's an impressive display of rising from the depths...
Shale technology - the new 'Swing' producer that sets global oil prices?
Aug 21, 2015 (SPX)
The emergence of shale technology, particularly in the US, is dramatically challenging the conventional rules of the global oil markets, says Olivier Appert, Pr...
Australian energy company Santos posts heavy losses
Aug 21, 2015 (UPI)
After reporting heavy losses in a weakened energy sector, Australian company Santos said Friday it was time to "institute a succession of leadership." Santos re...
Scotland frets over oil, but posts economic gains
Aug 21, 2015 (UPI)
The Scottish government said Friday it was on a streak of slow but steady economic growth, but cautioned risks remain from low oil prices and a weak Asia. Scotl...
Russia's Lukoil sells China its stake in Kazakh oil producer
Aug 21, 2015 (UPI)
Russia's Lukoil said it sold its stake in a Kazakh oil producer to a rival in Beijing just as China's economy falters and Kazakhstan's gets a $1 billion loan. T...
Weak oil market drags on Norway's economy
Aug 20, 2015 (UPI)
The Norwegian government said Thursday its economy, as measured by gross domestic product, was weakened because of the depressed oil market. "According to seaso...
Oil storage data drives prices lower
Aug 20, 2015 (UPI)
Crude oil prices moved lower with the U.S. benchmark moving toward the $40 mark Thursday, though signs continue to indicate economic recovery. West Texas Interm...
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