OIL

10,863 articles

Iran says end of sanctions could lift oil output by 1.0 mn bpd
Jun 03, 2015 (AFP)
Iran's oil production could be lifted by one million barrels per day (bpd) within half a year of Western sanctions being lifted, Oil Minister Bijan Zanganeh for...
Crude oil prices tumbling
Jun 03, 2015 (UPI)
Hints from Wednesday's meeting of OPEC ministers in Vienna of a balanced market in the second half of the year sent crude oil prices tumbling in early trading. ...
French company grabs Russian LNG
Jun 03, 2015 (UPI)
French energy company Engie said its sales and purchase agreement with its Russian counterparts will address global needs for liquefied natural gas. The French ...
Canadian oil exports by rail fall
Jun 03, 2015 (UPI)
Canadian crude oil exports by rail for the three months ending in March declined by more than 25 percent year-on-year, federal data show. The National Energy Bo...
Fire threat to oil abates in Alberta
Jun 03, 2015 (UPI)
Staff members are returning to Alberta oil installations after emergency service officials cleared the area of major wildfire threats, Cenovus Energy said. Rain...
Back off, Alaskan energy group tells Shell activists
Jun 03, 2015 (UPI)
With pressure building on Shell's port activity in Seattle, an Alaskan energy coalition said the state's economy won't be held hostage by external activists. "W...
Report: LNG could challenge oil as transport fuel
Jun 03, 2015 (UPI)
China may take the lead, along with the trucking sector, in the transport shift from oil to natural gas and liquefied natural gas, a report from IHS finds. Mich...
Former PHMSA chief questions need for Keystone XL
Jun 03, 2015 (UPI)
U.S. crude oil production may be at a point where the planned Keystone XL oil pipeline from Canada isn't needed, a former U.S. pipeline regulator said. Presiden...
Oil up on positive demand sentiment
Jun 02, 2015 (UPI)
Expectations of growth in global oil demand helped crude oil prices recover from Monday's slump, with the U.S. benchmark again moving above $60 per barrel. West...
IHS: Arab defense spending influenced little by oil
Jun 02, 2015 (UPI)
Despite the heavy influence oil revenue plays for some Middle East countries, spending on defense remains positive, a review from IHS Inc. finds. IHS in its rev...
Pioneer sells Texas shale operations for $2.15 billion
Jun 02, 2015 (UPI)
The $2.15 billion sale of Eagle Ford shale interests in Texas is a chance to shift to the oil-rich Permian basin in the state, Pioneer Natural Resources said. P...
AAA expects a summer for road trips
Jun 02, 2015 (UPI)
U.S. gasoline prices are on a steady climb, though they may be peaking as refineries complete seasonal turnover work, motor club AAA reports. AAA reports a nati...
New low rig count in North Dakota
Jun 01, 2015 (UPI)
The number of rigs actively exploring for or producing oil and gas in North Dakota hit a new low Monday at 80, state data show. The number of rigs in service in...
Saudi Aramco revisits rig contracts
Jun 01, 2015 (UPI)
U.S. rig company Hercules Offshore said Monday its clients in Saudi Arabia withdrew a notice to terminate a contract for its services. Hercules said Saudi Aramc...
Oil starts June on a down note
Jun 01, 2015 (UPI)
Oil prices started June on a down note as analysts wait and see whether members of OPEC will announce plans to cut back on production. Oil prices tumbled in lat...
Oil animals collected from California beaches
Jun 01, 2015 (UPI)
Days after a warning from activists on the Gulf of Mexico, Plains All American says it continues collecting oiled animals and soil from California beaches. Plai...
Oklahoma next to ban drilling bans
Jun 01, 2015 (UPI)
Oklahoma's governor said a "patchwork" approach to oil and gas regulation wasn't in the state's interest, reaffirming a state entity as the sole overseer. Gov. ...
Animals dead as a result of California oil spill
May 29, 2015 (UPI)
More than two dozen animals have died as a result of contact with oil residue left over from the spill off the coast of California, a unified command said. As m...
U.S. sectors spar over crude oil exports
May 29, 2015 (UPI)
Domestic U.S. oil refineries may be reaching their capacity, highlighting the need to reach foreign shores with more exports, an energy coalition said. The coal...
Arctic drilling 'will happen,' Alaska's governor says
May 29, 2015 (UPI)
After a tour of a Shell drilling rig in Seattle, Alaska Gov. Bill Walker said oil is the lifeblood of the state's economy and arctic drilling "will happen." Wal...
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