OIL

10,863 articles

Subsidies may curb Islamic State oil financing
Feb 03, 2015 (UPI)
Western supporters fighting the group calling itself the Islamic State should consider subsidizing regional fuels to curb terror financing, a U.S. scholar said....
Shell to dismantle Brent platform
Feb 03, 2015 (UPI)
Taking down a legacy platform in the North Sea is part of the natural stage of maturation in the Brent oil and gas field, Royal Dutch Shell said Tuesday. Shell ...
BP works on strategic reset
Feb 03, 2015 (UPI)
British energy company BP is entering a reset phase focused on streamlined spending in the low oil price climate, Chief Executive Bob Dudley said Tuesday. "Our ...
Oil price rally continues
Feb 03, 2015 (UPI)
Crude oil prices continued their rally Tuesday, with West Texas Intermediate moving above $50 per barrel on signs of more cuts in corporate spending. The price ...
Dana Gas building momentum in Egypt
Feb 02, 2015 (UPI)
Emirati energy company Dana Gas said there was positive momentum building behind its exploration and production operations in Egypt. Dana said two concession ag...
Gazprom gets AAA rating from Chinese agency
Feb 02, 2015 (UPI)
Russian energy company Gazprom has one of the best outlooks in the industry despite sanctions, a Chinese credit rating agency said Monday. Gazprom received a AA...
Pakistan prepares for Saudi royal to hunt protected birds
Feb 02, 2015 (AFP)
Pakistani authorities are finalising arrangements for a Saudi prince to visit its southwestern desert region to hunt the Houbara bustard, a bird supposedly prot...
Brent hovers above $50, maintaining streak
Feb 02, 2015 (UPI)
Brent crude oil prices held their own in Monday trading, remaining about the $50 per barrel threshold after last week's rig-sparked rally. Global crude oil pric...
U.S. oil refinery workers go on strike
Feb 02, 2015 (UPI)
Workers at nine U.S. refineries are on strike because Shell walked away from the negotiating table, the president of the United Steelworkers Union said. Workers...
Libyan oil official released; kidnappers still unidentified
Feb 02, 2015 (UPI)
Though he's been released, it's unclear which group was behind the kidnapping of a member of the Libyan National Oil Co., his family said. Samir Kamal, a member...
Exxon latest to have poor 4Q showing
Feb 02, 2015 (UPI)
Though fourth quarter earnings were down more than 20 percent, Exxon Mobil Corp. said Monday it was successful in the low commodity price climate. "Exxon Mobil'...
Renewables Top Natural Gas for New US Generating Capacity in 2014
Feb 01, 2015 (SPX)
Ending a year-long race that had been nip-and tuck every month, renewable energy sources cumulatively provided more new electric generating capacity in 2014 tha...
Lies And Deception In Ukraine's Energy Sector
Feb 01, 2015 (SPX)
The Ukrainian government has repeatedly claimed it is doing its best to improve the oil and gas investment climate, but official statements are the opposite of ...
Study details future of oil and gas development in the Western Amazon
Feb 01, 2015 (SPX)
The western Amazon--a vast region encompassing the Amazonian portions of Bolivia, Colombia, Ecuador, Peru, and western Brazil--is one of the world's last high-b...
Where did the missing oil go? Study says some sitting on the Gulf floor
Feb 01, 2015 (SPX)
After 200 million gallons of crude oil spilled into the Gulf of Mexico in April 2010, the government and BP cleanup crews mysteriously had trouble locating all ...
Oil Prices Changing The Face Of Global Geopolitics
Feb 01, 2015 (SPX)
In a documentary that aired recently on the Canadian Broadcasting Corporation's popular The Fifth Estate program, an allegory of Vladimir Putin was presented. T...
Oil markets mixed on U.S. GDP numbers
Jan 30, 2015 (UPI)
Strong U.S. consumer spending, but lower economic growth estimates, left oil markets drifting in relatively flat territory early in the Friday trading session. ...
Chevron latest low oil price casualty
Jan 30, 2015 (UPI)
Chevron Corp. said Friday it became the latest casualty of a weak oil market, announcing fourth quarter profits were down 30 percent year-on-year. "Our 2014 ear...
Yellowstone River oil recovery resumes
Jan 30, 2015 (UPI)
Falling temperatures in Montana mean conditions are such that responders can return to oil recovery from a spill in the Yellowstone River, officials said. The P...
Pennsylvania reinstates drilling moratorium
Jan 30, 2015 (UPI)
A decision to ban oil and gas drilling on state land in Pennsylvania was met with praise and criticism, with an industry leader describing it as a "lose-lose." ...
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