OIL

10,863 articles

US Navy bolsters presence in Gulf after Iran seizure
May 01, 2015 (AFP)
US warships protecting American-flagged ships in the Strait of Hormuz may extend assistance to other countries' vessels, officials said Friday, after reports of...
Gas prices mirror crude oil's rise
May 01, 2015 (UPI)
The national average price for a gallon of gas in the United States, mirroring crude oil prices, has risen at the fastest seasonal rate since 2012, AAA said. AA...
Texas oil pipeline network to expand
May 01, 2015 (UPI)
Oil customers in the U.S. market will have links to most Texas refineries and ports once a string of new pipelines come online, Enterprise Products said Friday....
Oil prices lower after rally
May 01, 2015 (AFP)
Oil prices edged down on Friday after another rally that came on the back of the first drop in US stockpiles for six months as well as a weaker dollar. US bench...
Pipeline traffic lifts Enbridge income
May 01, 2015 (UPI)
Pipeline company Enbridge Energy said it bucked trends set by its upstream peers by posting a net income up nearly 40 percent year-on-year. "We expect deliverie...
World Bank: Ukraine needs deep reform
Apr 30, 2015 (UPI)
Deep reforms in sectors ranging from budget management to energy are needed to stimulate the Ukrainian economy, the World Bank Group said. The Ukrainian governm...
Nova Scotia calls explorers to frontier territory
Apr 30, 2015 (UPI)
A petroleum board for the province of Nova Scotia aims to bring explorers to frontier territory, touting geological prospects over short-term economics. The Can...
Production edges up for Statoil
Apr 30, 2015 (UPI)
Norwegian energy company Statoil said Thursday its first quarter production increased nearly 4 percent year-on-year despite a significantly weakened market. Sta...
U.S. refinery group opposes exports
Apr 30, 2015 (UPI)
A coalition of U.S. refineries said repealing a 40-year-old ban on crude oil exports will harm energy security at a time when oil markets in are flux. A group o...
Macroeconomics lifts crude oil prices
Apr 30, 2015 (UPI)
Stable personal income and spending in the United States, coupled with lower unemployment, helped lift crude oil prices on the last trading day of April. The U....
Combination of gas field fluid injection and removal cause of earthquakes
Apr 30, 2015 (SPX)
A seismology team led by Southern Methodist University (SMU), Dallas, finds that high volumes of wastewater injection combined with saltwater (brine) extraction...
Diversity focus of Exxon, Shell earnings reports
Apr 30, 2015 (UPI)
Two of the world's largest energy companies, Exxon and Shell, said a balanced portfolio meant they were able to cope in a market plagued by low oil prices. "Exx...
North Dakota gas capturing up for Whiting
Apr 30, 2015 (UPI)
It's cheaper to drill and the amount of natural gas captured from North Dakota oil beat state requirements by nearly 10 percent, Whiting Petroleum said. U.S. In...
Gazprom profits down 86 percent
Apr 29, 2015 (UPI)
Russian energy company Gazprom said Wednesday its profits for the year ending Dec. 31 were down 86 percent on currency values and charges tied to Ukraine. Gazpr...
Iran looks inward for economic gains
Apr 29, 2015 (UPI)
Iran's economic transformation rests with domestic issues and not with ongoing nuclear negotiations, Supreme Leader Ali Khamenei said Wednesday. U.S. Secretary ...
Oil markets stagnant as U.S. GDP disappoints
Apr 29, 2015 (UPI)
Crude oil prices moved up modestly in early Wednesday trading despite weak demand and gross domestic product reports from the United States. The price for West ...
BP signals start of new North Sea campaign
Apr 29, 2015 (UPI)
British energy company BP said Wednesday it was marking the start of a campaign west of the Shetland Islands with deepwater drilling in the Loyal oil field. BP ...
Pipeline companies probe aerial leak monitoring
Apr 29, 2015 (UPI)
Three of the biggest pipeline companies in North America signed a partnership agreement to find ways to monitor for leaks using aerial technology. Pipeline comp...
Hercules Offshore: Rig market depressed
Apr 29, 2015 (UPI)
The demand for offshore rigs should remain low for the year with few signs of recovery in the current oil price market, U.S. rig company Hercules Offshore said....
Texas oil output up, but pessimism endures
Apr 28, 2015 (UPI)
Nearly half of all land rigs in service in the United States are in Texas, where a state regulator said oil production increased 5 percent from January. The Rai...
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