OIL

10,863 articles

Survey: Mid-life crisis for North Sea oil sector
Jun 11, 2015 (UPI)
Most oil and gas companies working in the North Sea canceled projects and about half have cut staff because of the weak oil market, a survey found. The Aberdeen...
Total U.S. oil production increases
Jun 11, 2015 (UPI)
Total U.S. crude oil production reached 9.6 million barrels per day, with output from the Lower 48 states showing some recovery, federal data show. The total U....
Statoil sells home office to release cash
Jun 10, 2015 (UPI)
Norwegian energy company Statoil said it sold its corporate offices in Stavanger and signed a 15-year lease with new owners in an effort to release capital. For...
OPEC no place for debate, Iran says
Jun 10, 2015 (UPI)
Meetings between members of the Organization of Petroleum Exporting Countries are no place for debate, Iran's oil minister said. OPEC last week opted to keep pr...
UK oil firm accused of bribery in DR Congo national park
Jun 10, 2015 (AFP)
British oil company Soco International paid off an army officer accused of silencing critics of exploration in Democratic Republic of Congo's Virunga National P...
Despite ambitions, BP sees Russian gas waning
Jun 10, 2015 (UPI)
BP in a statistic review said Russian natural gas production declined, just as the Kremlin holds out its reserves as a component of European energy security. BP...
Oil rallies in response to OPEC report
Jun 10, 2015 (UPI)
Expectations of increased demand for oil from the Organization of Petroleum Exporting Countries sent crude oil prices higher in Wednesday trading. OPEC in its l...
Oil production forecast for Canada lowered
Jun 10, 2015 (UPI)
While demand for Canadian oil remains strong, an industry group said the low price for crude oil forced it to cut its production estimates for 2030. The Canadia...
Russia mulls oil sales for Iran
Jun 09, 2015 (UPI)
Iranian crude oil could make its way to the international market using Russian intermediaries, the Russian energy minister said. Russian Energy Minister Alexand...
Crude oil shipper settles in Lac-Megantic rail disaster
Jun 09, 2015 (UPI)
A company tied to the sale of the oil on the train that crashed in Lac-Megantic, Quebec, in 2013 said it agreed to contribute to a settlement for victims. World...
OPEC declared war, Texas regulator says
Jun 09, 2015 (UPI)
The U.S. government needs to overturn a ban on crude oil exports as a counteroffensive to the oil war waged by OPEC, a Texas energy regulator said. The Organiza...
London: Iraqi oil and security go hand-in-hand
Jun 09, 2015 (UPI)
Good governance and sweeping national security are integral parts of the investment future in the Iraqi oil sector, the British energy minister said. An Iraqi o...
AAA: Gas prices may have peaked
Jun 09, 2015 (UPI)
The national average retail price for a gallon of regular unleaded gasoline in the United States is likely near its yearly peak, motor club AAA said. AAA report...
Oil rallies on expected dip in U.S. shale
Jun 09, 2015 (UPI)
An expected drop off in oil production from U.S. shale basins sent crude oil prices soaring in Tuesday trading, with WTI up more than 2 percent. West Texas Inte...
Global economic policies may hinge on oil prices
Jun 08, 2015 (UPI)
Countries that depend heavily on oil for part of their government revenue may see company's investment appetite wane without fiscal reforms, analysis finds. The...
Trace amounts of oil still on California beaches
Jun 08, 2015 (UPI)
While less than half of the California beaches soiled by last month's spill are cleaned, those remaining have only trace amounts of oil, a unified command said....
Tepid growth forecasts sends oil lower
Jun 08, 2015 (UPI)
Crude oil prices drifted lower in early Monday trading as world leaders said from Germany more work was needed to keep the global economy moving. British Prime ...
Iran sees oil interest from Europe
Jun 08, 2015 (UPI)
While some European companies are eager to work with Iran, the country's oil minister said there's been few commitments on oil sales. "I met with the [top execu...
Rig numbers in North Dakota recover
Jun 08, 2015 (UPI)
The number of rigs actively exploring for or producing oil and natural gas in North Dakota recovered from recent lows, state data show. The state government rep...
Cyprus emerging as regional gas player
Jun 08, 2015 (UPI)
A group of Israeli energy partners said they were declaring a natural gas reservoir discovered off the coast of Cyprus a commercial prospect. Delek Group, along...
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