OIL

10,863 articles

Crude oil markets up slightly Friday
May 29, 2015 (UPI)
Crude oil prices started the last trading day of May on a high note, gaining ground despite concerns about the pace of the global recovery. West Texas Intermedi...
Alaska LNG gets export nod
May 29, 2015 (UPI)
Alaskan lawmakers cheered a federal decision that clears the way to send liquefied natural gas from state ports to non-free trade markets in Asia. The U.S. Ener...
Chevron shareholders vote for political spending
May 28, 2015 (UPI)
Chevron's top executive said the company would vet the shoot down of proposals to spend less on political maneuvering and more on environmental issues. Chevron ...
EPA issues clean-up order for California oil spill
May 28, 2015 (UPI)
The U.S. federal government issued an order to Plains All American Pipeline to ensure the California coastline is restored after last week's oil spill. As much ...
Texas oil production falls
May 28, 2015 (UPI)
Total crude oil production in Texas in March dropped by close to 2 percent from the previous month, data from the state energy regulator show. The Railroad Comm...
Frac sand industry booming
May 28, 2015 (UPI)
While the shale phenomenon may be spreading, a U.S. Geological Survey report finds the United States will continue to lead in the use of sand for fracking. Natu...
New pollution alert closes California beaches
May 28, 2015 (AFP)
Workers scrambled to clean oil pollution along a series of California beaches near Los Angeles on Thursday, barely a week after a huge oil spill further up the ...
U.S. labor numbers drag on oil
May 28, 2015 (UPI)
A poor showing for the U.S. labor market sent oil prices lower in early Thursday trading, with key indices off about a half percent from the previous session. T...
Alberta fires threaten oil installations
May 28, 2015 (UPI)
Wildfires are moving closer to key oil installations in Alberta province as the government reports nearly three dozen new outbreaks in the last 24 hours. The pr...
Plains defends California pipeline infrastructure
May 27, 2015 (UPI)
Plains All American defended pipeline infrastructure in California after last week's spill, saying automatic shutoff valves were not the best safety option. Pla...
Johan Sverdrup delays hurt, Norway says
May 27, 2015 (UPI)
Delays in planning for the Johan Sverdrup field off the coast of Norway left the country short of its 10-year reserve growth objectives, the government said. Th...
Wildfires threaten Alberta oil operations
May 27, 2015 (UPI)
Canadian producer MEG Energy Corp. became the latest to evacuate non-essential staff from Alberta following the potential risk from forest fires. "Safety is abs...
Oil markets hold fire ahead of data release
May 27, 2015 (UPI)
Crude oil markets stood pat before the opening bell in New York as traders waited Wednesday for key industry data on supply and demand. West Texas Intermediate,...
Texas economic outlook darkens
May 27, 2015 (UPI)
Sector data extending beyond oil and gas in Texas dropped to its lowest level in six years, an outlook report from the Dallas Federal Reserve found. The Dallas ...
Total reaches production milestone in Angola
May 27, 2015 (UPI)
With 2 billion barrels of cumulative production from an offshore block in Angola, French energy company Total said Wednesday it set the global gold standard. To...
Wildfires force third Canada bitumen mine to close
May 27, 2015 (AFP)
Evacuation orders for thousands in Alberta were lifted Wednesday while a third oil company joined others in shuttering its facilities threatened by wildfires in...
Crude oil markets losing ground
May 26, 2015 (UPI)
Crude oil prices were down more than 1 percent early Tuesday on mixed economic news despite lingering geopolitical concerns in Asia and the Middle East. Brent c...
Iran denies military role in Iraqi oil fight
May 26, 2015 (UPI)
An Iranian deputy foreign minister denied allegations that Iranian forces were fighting in Iraq to regain control over the Beiji oil refinery. U.S. military str...
Eni finds gas offshore Libya
May 26, 2015 (UPI)
Italian energy company Eni announced Tuesday it made its second discovery of the year at an exploration prospect off the coast of Libya. Eni said it made a natu...
Report: South Sudan's fate hinges on oil
May 26, 2015 (UPI)
The political unity holding South Sudan together may hinge on battles over oil-producing regions along the country's northern border, an analyst said. When it g...
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