OIL

10,863 articles

Get serious on oil trains, NTSB tells industry
Apr 07, 2015 (UPI)
The National Transportation Safety Board called on the rail industry to act quickly to replace or retrofit cars designated to carry crude oil. The NTSB said it ...
Jordan cleared for Israeli gas deliveries
Apr 07, 2015 (UPI)
A 2014 agreement to ship natural gas from the Tamar field off the coast of Israel to Jordan was backed by the Israeli government, an operator said Tuesday. Jord...
Iranian media calls for boycott of Saudi oil
Apr 07, 2015 (UPI)
The international community should boycott oil from Saudi Arabia to rob the government in Riyadh of the will to keep fighting in Yemen, Iranian media said. Saud...
Oil prices drop on potential Iranian oil for China
Apr 07, 2015 (UPI)
Iranian diplomacy again influenced oil prices, with indices drifting lower Tuesday in response to Tehran's efforts to sell more of its crude oil to China. React...
Russia, Vietnam sign energy agreements
Apr 06, 2015 (UPI)
As the Asian pivot continues, Russian oil company Gazprom Neft said Monday it signed deals with its counterparts at PetroVietnam. Documents signed in Hanoi in t...
Iraqi oil exports reached 2015 record in March
Apr 06, 2015 (UPI)
Iraqi oil exports of around 92 million barrels per day last month were the highest yet this year, with most of that leaving southern ports, the government said....
Greenpeace boards oil rig, Shell slams 'stunt'
Apr 06, 2015 (AFP)
Greenpeace activists have boarded an Arctic-bound Shell oil rig in the middle of the Pacific Ocean, the environmental group and oil giant said Monday. Shell den...
Libya expects more oil production soon, report
Apr 06, 2015 (UPI)
Libyan media reports, an oil field shuttered since the middle of 2013, may be on the cusp of resuming operations after the resolution of labor disputes. The Lib...
Search continues for Pemex rig workers missing since Wednesday
Apr 06, 2015 (UPI)
With three rig workers still missing, and four dead, after a rig explosion in the southern waters of the Gulf of Mexico, Greenpeace said enough is enough. "It's...
Oil prices spike on end of Saudi discount
Apr 06, 2015 (UPI)
A Saudi decision to raise market prices for Asia pushed oil upward in Monday trading, erasing concerns from last week's poor U.S. labor showings. Brent crude oi...
Iran expecting foreign cash in oil sector
Apr 06, 2015 (UPI)
Foreign investors are expected to flood the Iranian market as sanctions relief expands the country's oil potential, officials said Monday. Iran could see sancti...
Woodside Petroleum closes on Apache grab
Apr 03, 2015 (UPI)
More than $2 billion was spent on acquiring liquefied natural gas assets in Australia from Apache Corp. and more deals are expected, Woodside Petroleum said. Wo...
Oil prices lower after Iranian framework agreement
Apr 03, 2015 (UPI)
Brent crude oil prices suffered dramatic losses after the announcement of a framework agreement on oil-rich Iran's controversial nuclear program. Brent prices w...
Economic risks may emerge in North Dakota
Apr 03, 2015 (UPI)
The rig count in North Dakota continues to decline and the economic health of cities depending on the oil industry may start to suffer, credit analysis finds. S...
Texas energy sector can weather the storm, officials say
Apr 03, 2015 (UPI)
The Texas oil and natural gas sector may be facing challenges in the low oil price environment but it's well tooled to weather the storm, officials said. The Ra...
Beluga concerns nix Quebec oil terminal, delays pipeline
Apr 02, 2015 (AFP)
Pipeline builder TransCanada announced Thursday it will not build a marine terminal at Cacouna, Quebec, saying increased tanker traffic in the region would have...
Hercules lands rig deal after Saudi blow
Apr 02, 2015 (UPI)
Hercules Offshore, one of the companies hurt by the low price of oil, said Thursday it signed a five-year contract with Eni for work off the West African coast....
Permian shale gas pipeline to Mexico announced
Apr 02, 2015 (UPI)
A new 200-mile long pipeline will carry natural gas from a shale basin in Texas to an international connection at the Mexican border, ONEOK Partners announced. ...
AAA: Gas prices moving lower
Apr 02, 2015 (UPI)
If crude oil prices remain low as expected, the national average price for a gallon of gasoline in the United States will drift back toward $2, AAA said. The na...
U.S. crude oil storage hammers oil prices
Apr 02, 2015 (UPI)
Crude oil prices suffered major losses Thursday after U.S. federal data show commercial crude oil inventories surged to their highest level in 80 years. The pri...
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