OIL

10,863 articles

WTI drifts back below $50 per barrel
Feb 11, 2015 (UPI)
The price for the U.S. benchmark for crude oil dipped back below the $50 per barrel mark Wednesday after estimates of growth in U.S. oil production. The price f...
Halliburton, Baker respond to DOJ queries
Feb 11, 2015 (UPI)
Ahead of a planned merger, oil services companies Halliburton and Baker Hughes said they've received anti-trust queries from the Justice Department. Both compan...
U.S. oil trade survey draws mixed reviews
Feb 11, 2015 (UPI)
A public opinion survey on foreign trade in U.S. crude oil, conducted for a pro-export group, was criticized as shoddy by those backed by a refinery coalition. ...
Poland's dream of shale gas riches begins to dim
Feb 11, 2015 (AFP)
Poland's dream of becoming a shale gas "El Dorado", bringing untold riches and assuring energy independence, is turning into a mirage as Western firms abandon p...
Veto pen tested with KXL bill
Feb 11, 2015 (UPI)
The presidential veto pen could draw first ink in 2015 as leaders in the Republican-led House consider legislation in support of the Keystone XL oil pipeline. A...
One dead in Peru in oil-related protest
Feb 11, 2015 (AFP)
Police clashed with protesters fighting oil company operations in the Amazon, leaving one dead and 20 injured, police and local media reports said. The protest ...
Gas prices rise for 15th straight day
Feb 10, 2015 (UPI)
The national average retail price for a gallon of regular unleaded gasoline in the United States has increased for 15 consecutive days, AAA data show Tuesday. O...
Arsenic stubbornly taints many US wells
Feb 10, 2015 (SPX)
Naturally occurring arsenic in private wells threatens people in many U.S. states and parts of Canada, according to a package of a dozen scientific papers to be...
U.S Gulf Coast oil imports down
Feb 10, 2015 (UPI)
Crude oil imports into the southern United States have gone from around 1.3 million barrels per day to a trickle, U.S. government data show Tuesday. A crude oil...
Shelling in South Sudan oil town: defence minister
Feb 10, 2015 (AFP)
Rebel fighters in South Sudan bombarded government positions Tuesday in the oil town of Bentiu, where 53,000 civilians are sheltering inside a United Nations ca...
OPEC down, but not out, IEA says
Feb 10, 2015 (UPI)
OPEC's market influence is expected to grow, but the 12-member group might not return to its pre-recession glory, the International Energy Agency said Tuesday. ...
Rise Of The Vulture Investing Class
Feb 10, 2015 (SPX)
The oil markets are showing some life, having rallied 11 percent over a two-day period. But if a bigger rebound is not around the corner, it won't just be oil c...
Total Canadian oil production up 8 percent
Feb 10, 2015 (UPI)
The full-year 2014 crude oil production average for Canadian basins increased year-on-year, but there may be strains from low oil prices, federal data show. The...
U.S. oil and gas lobby criticizes federal leases
Feb 10, 2015 (UPI)
A federal draft five-year lease plan for oil and gas exploration in U.S. waters is too restrictive, the American Petroleum Institute said. The U.S. Interior Dep...
Iran keeps spending despite oil price slump
Feb 09, 2015 (UPI)
Despite the slump in oil prices, the Iranian government aims to invest more than $16 billion in development projects, a planning director said. Mohammad Baqer N...
Oil markets keep upward momentum
Feb 09, 2015 (UPI)
Oil prices extended their rally into the second week of February in response to an upbeat market assessment in OPEC's latest market report. The price for Brent ...
Iraqi oil production setting records
Feb 09, 2015 (UPI)
Iraqi oil production grew at a faster rate than any country apart from the United States, analysis from the U.S. Energy Information Administration found. "Despi...
U.S. oil production down, OPEC says
Feb 09, 2015 (UPI)
Apart from Texas and North Dakota, oil production from the Lower 48 states is on the decline, OPEC said in its market report for February. In its review on U.S....
Oil, gas acreage in Gulf of Mexico up for auction
Feb 06, 2015 (UPI)
More than 40 million acres in the U.S. Gulf of Mexico will go on the auction block in March for exploration and development, the U.S. government said. The Burea...
Kremlin: West declared economic war on Russia
Feb 06, 2015 (UPI)
Low credit ratings issued against a Russian economy crippled by low oil prices and sanctions are part of a Western economic war, a Kremlin official said Friday....
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