OIL

10,863 articles

EU outlines energy diversity strategy
May 05, 2015 (UPI)
A diverse source of energy, from Caspian to potential North American sources, is needed for European security, the EU's energy commissioner said Tuesday. The Eu...
More oil on tap for OPEC member Angola
May 05, 2015 (UPI)
Italian energy company Eni announced Tuesday it was ahead of the curve with what its partners described as a breakthrough operation offshore Angola. Eni holds a...
New heads for all three Chinese oil giants
May 05, 2015 (AFP)
China has replaced the heads of its three biggest energy companies, the firms said in separate statements, as speculation mounts over reforms to the oil industr...
Oil and gas development transforms landscapes
May 05, 2015 (SPX)
Improved drilling technologies and energy demand have resulted in the large-scale expansion of oil and gas development, with 50,000 new wells drilled per year r...
European optimism sparks crude oil rally
May 05, 2015 (UPI)
A report of better-than-expected growth in the European economy sent crude oil prices to new 2015 levels, with key indices up more than 2 percent Tuesday. Brent...
U.S. shale players doing more with less
May 05, 2015 (UPI)
Though net profits and spending are down, companies working in U.S. shale basins are finding well costs going down while production forecasts grow. The low pric...
Why The US Should Worry About Oil Sector Jobs
May 05, 2015 (SPX)
Outside of individual's holding oil stocks, damage to the economy from the fall in oil has been pretty minimal so far. Indeed, the price cut in home heating oil...
New refinery online in North Dakota
May 05, 2015 (UPI)
A new refinery in North Dakota, the first of its kind in the country in nearly 40 years, will help drive the state's economy forward, MDU Resources said. MDU Re...
Oil Price War May Benefit Both US Shale And Saudi Arabia
May 05, 2015 (SPX)
Even as financial commentators on CNBC are starting to come around to the idea of a bottom in oil prices, the key question for US oil producers remains one of t...
Another rig company stumbles
May 04, 2015 (UPI)
One of the largest rig services companies in the world, Diamond Offshore Drilling, said Monday it lost $256 million during the first quarter of the year. Crude ...
Rig data show Oklahoma beats North Dakota
May 04, 2015 (UPI)
Oklahoma has 20 percent more rigs in active service than North Dakota as shale activity in the United States evolves, state data show. XTO Energy, a subsidiary ...
Iran says U.S. oil reps headed to Tehran
May 04, 2015 (UPI)
Delegates from the U.S. oil industry are expected in Tehran to explore the possibility of conducting business there, Iran's deputy oil minister said Monday. Ira...
Iraqi pipe dreams
May 04, 2015 (UPI)
A recent article in the New York Times written by the Iranian foreign minister, Mohammad Javad Zarif, was breathtaking in its hypocrisy. Addressing the conflict...
EU energy strategy extends beyond Europe
May 04, 2015 (UPI)
Efforts to diversify the European energy sector should reach beyond its borders to countries like Norway and Turkmenistan, a European gas official said Monday. ...
Chinese stock gains lift oil prices
May 04, 2015 (UPI)
A running of the bulls in the Chinese stock market pushed oil prices into positive territory Monday, with major indices up nearly a full percent. China's Shangh...
Has The US Reached Peak Oil At Current Price Levels?
May 03, 2015 (SPX)
Last night the EIA once again capitulated on the myth that rig counts don't matter and the productivity of wells would largely offset, leaving the industry on a...
Five years of research since the Deepwater Horizon oil spill
May 03, 2015 (SPX)
Scientists with the Ecotoxicology Program at NOAA's Northwest Fisheries Science Center in Seattle have been working to understand those effects. "Along with our...
Shell agrees to start clean up of 2008 Niger Delta oil spill
May 02, 2015 (AFP)
Shell has agreed with Nigerian fishing community of Bodo in the Niger Delta to start the clean up of two devastating oil spills in 2008, activists and locals sa...
Oil refinery group: Safety measures need to go beyond rail car design
May 01, 2015 (UPI)
A push to overhaul rail car designs to ensure the safe transport of crude oil is a narrow-minded approach, a U.S. refinery group said. U.S. Transportation Secre...
Riyadh reshuffle reaches Saudi Aramco
May 01, 2015 (UPI)
The government in Riyadh sanctioned a restructuring plan that would break oil company Saudi Aramco off from the nation's oil ministry, sources said Friday. Citi...
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