OIL

10,863 articles

High supply, underperforming economy, drag on oil prices
Aug 06, 2015 (UPI)
Lingering concerns about oversupply and the health of the Chinese economy pulled oil prices lower in Thursday trading, with key indices approaching 2015 lows. B...
Gas prices could keep falling, AAA says
Aug 06, 2015 (UPI)
The national average retail price for a gallon of gasoline is falling quickly, a trend expected to continue for the remainder of the year, motor club AAA said. ...
Iran expecting Italian interest in oil sector
Aug 06, 2015 (UPI)
With hundreds of business executives in Tehran, the Iranian government said it expects to broker some form of energy deal with Italian companies. Senior executi...
Rights campaigners blast inaction on Nigeria oil pollution
Aug 06, 2015 (AFP)
Shell's efforts to deal with oil pollution in the Niger Delta remain "utterly ineffective" four years after a landmark UN report called for a $1 billion clean-u...
IHS: Energy explorers face strong headwinds
Aug 06, 2015 (UPI)
The depressed crude oil market could limit the borrowing options for North American exploration and production companies, analysis finds. The price for West Tex...
Bakken outperforms for Marathon
Aug 06, 2015 (UPI)
Production from the Bakken shale play in North Dakota was a standout in terms of gains for Marathon Oil, which posted a $386 million loss in the second quarter....
BP commits to new North Sea spending
Aug 05, 2015 (UPI)
Though the global energy sector is crimping available revenue streams, BP said Wednesday it planned billions of dollars of spending in the North Sea. "These are...
Lundin revises production guidance for 2015
Aug 05, 2015 (UPI)
Swedish energy company Lundin Petroleum said Wednesday it was cutting its production guidance for the year, but expects a rebound in the years ahead. Lundin sai...
Pioneer bucks trend by planning more rigs in Texas
Aug 05, 2015 (UPI)
Despite posting a loss for the second quarter, Pioneer Natural Resources said it would increase its capital budget for the second half and add more rigs. Pionee...
U.S. energy group wants oil and gas in presidential debate mix
Aug 05, 2015 (UPI)
With the first debate coming this week, the American Petroleum Institute said it wants to hear how presidential candidates will navigate the era of abundance. F...
Ankara blames Kremlin for gas pipeline delays
Aug 05, 2015 (UPI)
Turkish Energy Minister Taner Yildiz said there were delays in planning on the Russian side in developments of the planned Turkish Stream gas pipeline. Yildiz t...
Exxon expands Texas refinery for lighter crude
Aug 04, 2015 (UPI)
Exxon Mobil said Tuesday it was increasing the capacity for processing light crude oil grades at a Texas refinery in order to exploit gains in U.S. production. ...
North Sea oil, gas set for rebound
Aug 04, 2015 (UPI)
After several years of declines and escalating costs, a British energy report suggests oil and gas production from the North Sea is set for a rebound. Industry ...
Statoil marks oil production milestone in Brazil
Aug 04, 2015 (UPI)
Norwegian energy company Statoil said Tuesday it achieved a production milestone at a field off the coast of Brazil by passing the 100 million barrel mark. Stat...
Crude oil recovers from rough Monday
Aug 04, 2015 (UPI)
Crude oil prices recovered Tuesday from a weak opening to August as China pursued market stabilization, though sluggishness continues in the European economy. M...
AAA: Gas prices in steady decline
Aug 04, 2015 (UPI)
A weakening market for crude oil and the resolution of U.S. refinery issues has pushed retail gasoline prices down for 20 days straight, motor club AAA found. A...
British support for fracking waning
Aug 04, 2015 (UPI)
A survey from the British government found waning support for the extraction of shale natural gas in the country, with opposition linked to awareness. The Briti...
US appeals court orders Ecuador to pay $96 mn to Chevron
Aug 04, 2015 (AFP)
A US federal appeals court on Tuesday upheld a $96 million award that Ecuador must pay oil giant Chevron in an arbitration of their dispute over Chevron's inves...
US to speed up arms sales to Gulf after Iran deal: Kerry
Aug 03, 2015 (AFP)
Washington has agreed to speed up arms sales to Gulf states, US Secretary of State John Kerry announced Monday after talks in Doha on their concerns over the Ir...
North Dakota oil activity stable
Aug 03, 2015 (UPI)
The number of rigs actively exploring for or producing oil in North Dakota is holding steady, though data show overall production is rebounding slightly. State ...
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