OIL

10,863 articles

OPEC, Get Ready For The Second US Oil Boom
Jul 15, 2015 (SPX)
What OPEC countries fear most is a follow-up technological revolution that will lead to a second oil boom in the U.S., and that fear is now being realized. A te...
Wait and see on Iran, oil voices say
Jul 15, 2015 (UPI)
A U.S. refinery group said it's too soon to discuss doing business in the Iranian oil sector, though opposing voices said it was a threat to domestic producers....
Oil prices finish higher after Iran deal
Jul 14, 2015 (AFP)
Oil prices rose Tuesday as markets weighed the effects of Iran's deal with six world powers on curbing the Islamic republic's suspected ambitions for a nuclear ...
We are engaged, Shell says after Iranian deal
Jul 14, 2015 (UPI)
With a nuclear deal in hand, Royal Dutch Shell said Tuesday it's exploring the "immediate and long-term" implication of an opening Iranian oil door. Representat...
Aussie companies early victors in Mexican oil auction
Jul 14, 2015 (UPI)
Australian media reports Tuesday energy companies there are among the early victors in the first round of auctions for exploration permits offshore Mexico. Aust...
Hercules Offshore solicits votes on reorganization
Jul 14, 2015 (UPI)
U.S. rig company Hercules Offshore said Tuesday it started a solicitation of votes from shareholders for a prepackaged plan for reorganization. "Assuming the co...
AAA: California skewing national gas price average
Jul 14, 2015 (UPI)
While California gas prices have prompted official state action, motor club AAA said drivers in most states are seeing relative stability at the pump. The motor...
Plains taking extra caution with St. Louis oil spill
Jul 14, 2015 (UPI)
Plains All American Pipeline said it deployed more containment mechanisms near a water treatment plant north of St. Louis following last week's oil spill. Plain...
North Dakota oil production up despite fewer rigs
Jul 13, 2015 (UPI)
The number of rigs actively exploring for or producing oil and gas in North Dakota declined nearly 4 percent from last week, state data show. North Dakota repor...
Saudi oil production at new high
Jul 13, 2015 (UPI)
With oil demand from the Middle East expected to surge, Saudi Arabia reported to OPEC its crude oil production was at its highest levels in more than 30 years. ...
Eni raises death toll from Nigerian oil pipeline blast
Jul 13, 2015 (UPI)
Italian energy company Eni raised the death toll by one to 13 after last week's explosion during repairs on an oil pipeline in Nigeria's Niger Delta region. Eni...
Plains reports oil spill near St. Louis
Jul 13, 2015 (UPI)
Plains All American Pipeline, the company behind one of California's largest oil spills, said it was cleaning up a small separate spill near St. Louis. Plains r...
Oil prices tank on word of no Grexit
Jul 13, 2015 (UPI)
Major crude oil indices started trading Monday off more than 1 percent after a last-minute save for Greece and emerging prospects for an Iranian nuclear deal. "...
Former BP boss takes helm at Kurdish oil player
Jul 13, 2015 (UPI)
Former BP boss, Tony Hayward, was appointed Monday as the chairman of Genel Energy, one of the largest oil players in the Kurdish north of Iraq. Genel, which ha...
Iran trade with GCC set to grow but oil spat looms
Jul 12, 2015 (AFP)
Iran should boost trade with its Gulf Arab neighbours if a deal on its nuclear programme sees sanctions and an oil embargo lifted, but higher Iranian crude prod...
Oil balanced on IEA, IMF growth forecasts
Jul 10, 2015 (UPI)
Crude oil prices started Friday holding relatively steady despite a downbeat forecast from the International Energy Agency. Brent crude oil prices started the d...
12 dead in Nigerian pipeline explosion
Jul 10, 2015 (UPI)
A dozen members of a maintenance crew died as a result of an explosion on a Niger Delta pipeline blamed on sabotage, Italian energy company Eni said Friday. "En...
IEA: OPEC production highest in three years
Jul 10, 2015 (UPI)
Output from Iraq, Saudi Arabia and the United Arab Emirates helped boost OPEC oil production to a three-year high, the International Energy Agency said Friday. ...
New Orleans settles with BP over 2010 spill
Jul 10, 2015 (UPI)
BP offered a $45 million settlement to New Orleans, which will use the funds for water management and coastal restoration, the city's mayor said. New Orleans Ma...
Oil spared from Canadian wildfires
Jul 10, 2015 (UPI)
The latest flare-up in wildfires in western Canada did not impact oil production as earlier outbreaks did, a provincial spokesperson in Alberta said. Wildfires ...
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