OIL

10,863 articles

Oil rebounds on strong U.S. economic data
Jul 30, 2015 (UPI)
Signs of sustained recovery in the U.S. economy helped lift crude oil prices Thursday from earlier losses sparked by indications of Chinese weakness. West Texas...
Kurdish oil secured, Norwegian company says
Jul 30, 2015 (UPI)
Norwegian energy company DNO International said Thursday its oil operations in the north of Iraq were isolated from violence raging across the border in Turkey....
Scotland woos Chinese investors to energy sector
Jul 29, 2015 (UPI)
A Scottish delegation on an official trip to Beijing said they wanted to draw Chinese investors into the North Sea oil and natural gas sector. Scottish First Mi...
Activists hang from US bridge to block Shell Oil ship
Jul 29, 2015 (AFP)
Thirteen environmental activists rappelled off a bridge Wednesday in Portland, dangling from ropes to get in the way of a Shell Oil ship headed for Alaska on a ...
Turkish oil pipeline from Iraq bombed
Jul 29, 2015 (UPI)
For the second consecutive day, pipelines running through southern Turkey have become the target of militant campaigns drawing attention from NATO. Turkish Ener...
Hess posts loss, but notes production gains
Jul 29, 2015 (UPI)
Though posting a net loss from exploration and production activities, Hess Corp. said nevertheless production was up 23 percent year-on-year. Hess issued prelim...
Texas oil production up year-on-year
Jul 29, 2015 (UPI)
A Texas energy regulator said preliminary estimates show crude oil production in the state increased just over 13 percent in May year-on-year. The Railroad Comm...
As desert encroaches, Niger turns to natural gas
Jul 29, 2015 (AFP)
Threatened by the advance of a desert that already covers two-thirds of Niger, the poor Sahel nation hopes to halt rapid deforestation by promoting natural gas....
Chevron aims at cost reductions of $1 billion
Jul 29, 2015 (UPI)
Chevron said it was enacting a hiring freeze at its corporate centers as part of an effort to slash costs by about $1 billion in the weakened market. U.S. super...
Norwegian company surveying offshore Mexican reserves
Jul 28, 2015 (UPI)
A Norwegian energy company said it was surveying Mexican waters for the reserve potential in anticipation of a "new era" in the nation's oil sector. Dolphin Geo...
BP upbeat after disappointing second quarter
Jul 28, 2015 (UPI)
Despite taking a major loss as a result of the Deepwater Horizon settlement, BP said Tuesday it would be able to navigate the weak energy market successfully. B...
AAA: National gas prices down, though volatility endures
Jul 28, 2015 (UPI)
While the national average retail price for a gallon of gasoline is on the decline, regional markets are showing considerable volatility, motor club AAA said. A...
Canada builds on LNG export potential
Jul 28, 2015 (UPI)
Canada builds on its natural gas export potential with a decision in favor of a liquefied natural gas project in British Columbia, a regulator said. The Nationa...
Turkish gas pipeline target of terror attack
Jul 28, 2015 (UPI)
Violence associated with militant groups operating in eastern Turkey left a natural gas pipeline from neighboring Iran out of service, the government said. The ...
Exxon financing North Dakota housing needs
Jul 28, 2015 (UPI)
An Exxon Mobil subsidiary came forward with about a quarter of the funds needed to support affordable housing initiatives in North Dakota, the state said. North...
41 more North Sea oil, gas licenses announced
Jul 27, 2015 (UPI)
The United Kingdom Oil and Gas Authority (OGA) announced 41 new licenses Monday to explore the U.K. Continental Shelf in the North Sea. An additional 134 licens...
Oil down in Asia, hurt by Chinese factory slump
Jul 27, 2015 (AFP)
Oil prices fell further in Asia Monday, hurt by a slump in the manufacturing sector in China, the world's top energy consuming nation. A strong dollar and signs...
Oil prices off slightly after China stock market decline
Jul 27, 2015 (UPI)
Crude oil prices moved slightly downward Monday, after a sharp decline in China's stock market and continuing concerns regarding an excess of oil in the world m...
Bleak outlook for oil has Russian investors pulling back
Jul 27, 2015 (UPI)
As international sanctions push Russia toward its first recession since 2009, market analysts are predicting a worse outlook for the prices of crude oil, the co...
Oil prices drop on Chinese woes
Jul 27, 2015 (AFP)
World oil prices slid on Monday to around four-month lows, hurt by poorly received economic data from China, the world's top energy consuming nation, traders sa...
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