OIL

10,863 articles

U.S. frontier energy plans under fire
Apr 28, 2015 (UPI)
A South Carolina congressman's question over state authority over maritime territory and concerns about transparency may curb frontier U.S. oil developments. U....
Riyadh's Asian grit sends oil prices lower
Apr 28, 2015 (UPI)
Saudi Arabia asserted its influence on an evolving market, sending crude oil prices lower Tuesday after saying it was ready to meet growing Chinese demand. "We ...
Gas prices may moderate, AAA says
Apr 28, 2015 (UPI)
The U.S. national average retail price for a gallon of gas is above $2.50 for the first time in months, but the spike might not last, motor club AAA said. AAA r...
Iraqi oil player 'stoic' amid price and terror threats
Apr 28, 2015 (UPI)
Gulf Keystone Petroleum, which focuses on oil in the Kurdish north of Iraq, has been "stoic" amid dual threats from terror and a weak market, an executive said....
North Dakota land grants support oil boom
Apr 28, 2015 (UPI)
As an oil tax bill heads to his desk, North Dakota Gov. Jack Dalrymple said more than $12 million in grants are supporting development in the oil-rich state. "T...
Qatar opens $1 bn environmental gas project
Apr 28, 2015 (AFP)
Qatar officially unveiled on Tuesday what it said is the world's biggest environmental project, a $1 billion plant to capture wasted gas. The Jetty Boil-Off Gas...
BP says it's surviving the weak market
Apr 28, 2015 (UPI)
With profits up 15 percent from the previous quarter, BP said Tuesday it would not comment on any rumors regarding a potential takeover bid. BP released its fir...
London keen on BP's survival
Apr 27, 2015 (UPI)
Amid takeover rumors, the British government said it's in the best interest for the country to have BP remain active as a player on the global stage. Energy com...
North Dakota rig count hits new low
Apr 27, 2015 (UPI)
The number of rigs in active service in North Dakota hit a new historic low Monday at 84, down more than 100 from its recent peak, state data show. The state go...
Russian envoy says politics behind Gazprom charges
Apr 27, 2015 (UPI)
Charges against Russian energy company Gazprom stem from Lithuania's government, not energy companies, a Russian envoy told a European news outlet. The European...
Norway sees oil, gas safety off to rough start
Apr 27, 2015 (UPI)
Energy companies working in the Norwegian sector, need to ensure safety is not a casualty of the weakened oil market, a regulator said Monday. The Petroleum Saf...
Saudi demand views lift oil prices
Apr 27, 2015 (UPI)
Crude oil prices edged higher in Monday trading after Saudi officials said Monday there would be ample oil on hand to meet China's growing demand. Brent crude o...
Hess: Exports will keep U.S. shale alive
Apr 27, 2015 (UPI)
Keeping U.S. crude oil "trapped" in the domestic market may be undermining the health of the shale industry, the top executive at Hess Corp. said. Arab members ...
West African oil active despite maritime disputes
Apr 27, 2015 (UPI)
Africa-focused Tullow Oil said it was waiting for Ghana to weigh in on offshore oil after an international court decided on maritime boundary issues. The compan...
Oil hits 2015 peak as Saudis resume strikes on Yemen
Apr 24, 2015 (AFP)
Brent oil prices jumped this week to the highest level so far this year, as the latest Saudi-led air strikes on Yemen stoked supply tensions in the crude-rich M...
GDF Suez launches rebranding blitz
Apr 24, 2015 (UPI)
French energy company GDF Suez said Friday it launched a major rebranding campaign, starting with a name change it says is emblematic of the low-carbon era. "Th...
Kazakhstan hosts oil-spill roundtable
Apr 24, 2015 (UPI)
The government in oil-rich Kazakhstan hosted a roundtable discussion on developing a regional response to spills, the OSCE said Friday. The Organization for Sec...
CNOOC revenue off nearly 40 percent
Apr 24, 2015 (UPI)
China National Offshore Oil Corp. said Friday a "harsh" climate for global oil prices in part led to a 39.9 percent decline in revenue for the first quarter. Th...
EU sees need for LNG in energy plan
Apr 24, 2015 (UPI)
Liquefied natural gas needs to re-emerge as a central component of European energy security strategies, the European commissioner for energy said. The European ...
Russia eyes Argentinean energy role
Apr 24, 2015 (UPI)
Russian energy company Gazprom said it signed a memorandum of cooperation in Moscow to work alongside its counterparts on Argentina. Argentine President Cristin...
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