OIL

10,863 articles

Russia's vast Arctic gas project aims to avoid Ukraine deep freeze
Apr 21, 2015 (AFP)
Spread across the frozen whiteness of the Russian Arctic, the ambitious $27 billion Yamal gas megaproject aims to defy both the extreme temperatures and the Ukr...
Iran wants more non-oil exports, better prices
Apr 21, 2015 (UPI)
Iran aims to increase non-oil exports by 20 percent as part of an effort to reduce its economic dependence on crude oil, an industry minister said Tuesday. Motj...
Year-on-year, U.S. oil output up
Apr 21, 2015 (UPI)
Oil production in the Lower 48 U.S. states is increasing year-on-year despite low oil prices and less spending on exploration and production, analysis finds. Be...
Oil price rally stalls in data anticipation
Apr 21, 2015 (UPI)
A brief rally in crude oil prices stalled Tuesday, with major indices treading water ahead of the release of key market data later this week. The price for Bren...
EU data shoves oil prices lower
Apr 20, 2015 (UPI)
Weak economic data Monday from the European Union offset concerns about threats to the oil sector in Saudi Arabia, pushing oil prices lower. The price for Brent...
Eni brags of oil production in Egypt
Apr 20, 2015 (UPI)
Italian energy company Eni said Monday its oil production in the Western Desert of Egypt has reached a record level, doubling its rate in just three years. Eni ...
Halliburton limping in weak oil market
Apr 20, 2015 (UPI)
Oil services company Halliburton said Monday profits were hit by an industry downturn, but the pending acquisition of rival Baker Hughes should provide a boost....
Oil prices source of imbalance, global banks say
Apr 20, 2015 (UPI)
Backers of the World Bank and International Monetary Fund are called on to remain vigilant against monetary shocks like the low price of oil, the banks said. Th...
Injuries reported at natural gas well fire in India
Apr 20, 2015 (UPI)
Indian energy company ONGC said it called on U.S. well control leaders Boots & Coots to help contain a fire that left 12 people injured during the weekend. Expo...
US seeking to allay Gulf fears amid regional chaos
Apr 19, 2015 (AFP)
With conflicts raging across the Middle East, the US is seeking to reassure its Gulf allies that it has a regional strategy which will be bolstered, not shredde...
Scientists develop mesh that captures oil - but lets water through
Apr 19, 2015 (SPX)
The unassuming piece of stainless steel mesh in a lab at The Ohio State University doesn't look like a very big deal, but it could make a big difference for fut...
EU dreams of Iranian gas to break dependence on Moscow
Apr 19, 2015 (AFP)
The EU is hoping future gas imports from Iran can break its dependence on Russia as prospects grow for a nuclear deal that would include lifting sanctions on Te...
Iraq clears massive oil refinery of IS: coalition
Apr 19, 2015 (AFP)
Iraqi forces backed by US-led air strikes have cleared the country's largest oil refinery of the Islamic State group, the international coalition helping Baghda...
Schlumberger to lay off 11,000
Apr 17, 2015 (UPI)
Most of the decrease in the quarterly revenue for the first quarter of the year came from the "severe" decline in North America, Schlumberger said. The oil serv...
Input sought for Alaska drilling program
Apr 17, 2015 (UPI)
The federal government said it extended a comment period on proposed regulations for drilling in arctic waters offshore Alaska to allow for more public input. T...
Texas oil sector slowing down
Apr 17, 2015 (UPI)
The number of rigs used in exploration and production in Texas declined, resulting in layoffs in the oil field services sector, the Dallas Federal Reserve said....
Energy sanctions economic war, Kremlin says
Apr 17, 2015 (UPI)
Targeting the Russian oil and gas sector with sanctions is a tacit act of economic warfare, Russian Prime Minister Dmitry Medvedev said Friday. "We are in a fun...
Oil prices, rig counts drift lower
Apr 17, 2015 (UPI)
A decline in rig activity in the United States wasn't enough to stimulate oil markets responding to an increase in OPEC oil production. Crude oil prices fell fr...
Airstrikes target Islamic State near Iraqi refinery
Apr 17, 2015 (UPI)
Islamic State fighting positions and artillery were destroyed near the Beiji oil refinery in Iraq by coalition airstrikes, the U.S. Defense Department said. The...
House GOP wants more Atlantic leases in offshore drilling plan
Apr 16, 2015 (UPI)
The House Natural Resources Subcommittee on Energy and Mineral Resources held an oversight hearing Wednesday on the Obama administration's Outer Continental She...
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