OIL

10,863 articles

France secures LNG from United States
Aug 12, 2015 (UPI)
French energy company EDF secured a deal for liquefied natural gas drawn from reserves in the United States, Cheniere Energy announced. Cheniere and EDF signed ...
Report: U.S. incomes increase with oil exports
Aug 12, 2015 (UPI)
Ending the ban on the export of crude oil sourced from U.S. basins would result in a per household labor income increase of $158 per year, a report finds. Consu...
Lundin reviewing options for North Sea field
Aug 12, 2015 (UPI)
Though considered a minor discovery, the Norwegian government said the latest find from Lundin Petroleum could tie into the larger Edvard Grieg field. Lundin Pe...
Oil prices stage minor rally
Aug 12, 2015 (UPI)
Expectations of future growth in energy demand and the potential for a slowdown in U.S. crude oil production gave a modest lift to crude oil prices Wednesday. B...
Shell may get federal permits for Alaska
Aug 12, 2015 (UPI)
Shell may soon get the permits necessary to start drilling into potential oil basins in an exploration well off the coast of Alaska, a federal regulator said. T...
Iran reports highest crude oil production since 2013
Aug 11, 2015 (UPI)
Iran reported crude oil production for July was the highest level it's been in at least two years, the Organization of Petroleum Exporting Countries said. OPEC ...
Oil slumps on OPEC supply reports
Aug 11, 2015 (UPI)
Disclosure from OPEC that crude oil production was at its highest level since 2012 sent crude oil prices on a downward spiral in early Tuesday trading. The Orga...
Iran sees no oil interest yet from U.S. companies
Aug 10, 2015 (UPI)
After outlining the terms of new oil contracts in a future post-sanctions era, the Iranian Oil Ministry said it hasn't seen any interest from U.S. companies. Ir...
TAPI gas pipeline overshadowing Iran
Aug 10, 2015 (UPI)
Regardless of Iran's natural gas ambitions for its eastern neighbors, the Asian Development Bank said it expects "tremendous" benefits from a rival project. The...
North Dakota rig counts remain relatively stable
Aug 10, 2015 (UPI)
The exploration and production side of the North Dakota energy sector is showing signs of stability despite grim forecasts from shale producers, rig data show. ...
Russia's Gazprom posts quarterly gain
Aug 10, 2015 (UPI)
A backlash from European leaders, low oil prices and increased sanctions pressure did little to damage Russia's Gazprom, which posted huge profit gains Monday. ...
Crude oil prices mixed to start the week
Aug 10, 2015 (UPI)
Crude oil prices staved off another day of declines Monday after Chinese sentiments were aimed to countering fears about economic stability. Brent crude oil pri...
Sanchez Energy boasts of hefty production gains
Aug 10, 2015 (UPI)
Despite reporting a half billion loss in the second quarter, U.S. shale player Sanchez Energy said its total production was up 164 percent year-on-year. Chief E...
Oil prices fall on oversupply fears
Aug 10, 2015 (AFP)
Oil prices fell in Asian trade on Monday, extending weeks of losses after a US report stoked expectations of a global glut. US benchmark West Texas Intermediate...
Could WTI Trade At A Premium To Brent By Next Year?
Aug 07, 2015 (SPX)
A flood of bearish news has pushed down oil prices to their lowest levels in months, with WTI nearing $45 per barrel and Brent flirting with sub-$50 territory. ...
Lenders back Azeri gas project with European focus
Aug 07, 2015 (UPI)
Asian and European lenders unveiled a $1 billion finance package Friday to help fund an Azeri natural gas field meant to diversify the European energy sector. T...
U.S. adds rigs in July, Baker Hughes said
Aug 07, 2015 (UPI)
While down year-on-year, oil services company Baker Hughes said Friday there were a net five more rigs deployed across the United States in July than in June. B...
Canadian oil exports hit low mark for year
Aug 07, 2015 (UPI)
Canada reported total oil exports for May were at their lowest level for 2015, though slight increases have emerged while the country moves into recession. The ...
Oil prices move ever closer to yearly lows
Aug 07, 2015 (UPI)
Oversupply fears continued to drag on crude oil prices, which dipped into negative territory Friday after the release of U.S. labor figures for July. Brent crud...
Eastern Colorado shale good to Bill Barrett
Aug 07, 2015 (UPI)
Colorado energy company Bill Barrett Corp. credited drilling efficiency and targeted spending for the boost in production from the Denver-Julesburg shale basin....
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