OIL

10,863 articles

Venezuela authorizes use of deadly force at demos
Jan 30, 2015 (AFP)
Venezuelan soldiers can open fire on demonstrators if they feel their lives are at risk, under a new regulation published one year after anti-government riots l...
U.S. labor numbers lift oil prices
Jan 29, 2015 (UPI)
Growth in the U.S. labor sector gave oil prices a lift in Thursday trading despite a string of dismal fourth quarter reports from leading energy companies. The ...
Shell preaches resiliency despite spending cut
Jan 29, 2015 (UPI)
While spending is taking a dramatic hit, Royal Dutch Shell's chief executive said Thursday there's no reason to overreact to the bear market for crude oil. Shel...
Keystone XL need mulled in shale era
Jan 29, 2015 (UPI)
Pipelines to the Canadian coasts, not necessarily Keystone XL, will diversify an export economy dependent on U.S. markets, a Canadian energy scholar said. Canad...
Oil spill reported in North Dakota
Jan 29, 2015 (UPI)
The North Dakota Department of Health announced an oil spill in the western part of the state, at the least third release so far this month. The state agency sa...
Scotland enacts fracking moratorium
Jan 29, 2015 (UPI)
The Scottish government will take a cautious look at shale oil and gas extraction during a moratorium period, the energy minister said Thursday. "I am announcin...
Iraq cuts budget due to falling oil prices
Jan 29, 2015 (AFP)
Iraq cut its 2015 budget Thursday by nearly $3 billion (2.7 billion euros) due to the falling price of oil, on which its government is almost entirely dependent...
Stanford scientists use ocean waves to monitor offshore oil and gas fields
Jan 29, 2015 (SPX)
A technology developed by Stanford scientists for passively probing the seafloor using weak seismic waves generated by the ocean could revolutionize offshore oi...
Iraq, Shell initial $11-billion petrochemical deal
Jan 28, 2015 (AFP)
The Iraqi government and Royal Dutch Shell signed Wednesday an agreement in principle potentially worth $11 billion (9.6 billion euros) to build a large petroch...
Indigenous Peruvians occupy oil wells
Jan 28, 2015 (AFP)
Hundreds of indigenous Indians from the Peruvian Amazon demanded compensation for land use at 14 oil wells, where their demonstrations caused production to be s...
Hess Corp. has rough fourth quarter
Jan 28, 2015 (UPI)
After announcing plans to cut overall spending for the year, U.S. energy company Hess Corp. said Wednesday it suffered major losses in the fourth quarter. Hess ...
Murkowski fed up with Obama energy policies in Alaska
Jan 28, 2015 (UPI)
Alaska Sen. Lisa Murkowski said she was looking forward to working with the next administration on energy policies as new drilling frontiers open elsewhere. Mur...
China-Myanmar crude pipeline opens: Chinese state media
Jan 28, 2015 (AFP)
A pipeline pumping oil from Myanmar to China started a trial operation on Wednesday, Chinese state media reported, Beijing's latest step to diversify energy imp...
Top Canadian oil producer cuts spending
Jan 28, 2015 (UPI)
Canada's second-largest oil producer, Cenovus Energy, said Wednesday it was cutting its capital expenditures for 2015 deeper than originally planned. The compan...
WTI falls near 10-year low
Jan 28, 2015 (UPI)
A grim forecast on oil futures from Goldman Sachs pushed the price for West Texas Intermediate close to a 10-year low early in the Wednesday session. The price ...
U.S.: Iran's oil production capacity curbed
Jan 28, 2015 (UPI)
As Senate leaders weigh tighter sanctions, U.S. Treasury Secretary Jack Lew told lawmakers Iran's ability to ability to produce oil is severely curtailed. Iran ...
U.S. gas prices decline streak ends
Jan 27, 2015 (UPI)
While U.S. retail gasoline prices continue their steady decline, the rate at which they're falling is slowing, signaling a reversal may be on the way, AAA said....
Russia needs oil at $78 to break even
Jan 27, 2015 (UPI)
The Russian economy will run without a deficit only if oil prices stay above the $70 per barrel mark by 2017, Russia's finance minister said Tuesday. Low crude ...
Ghana to make economic strides with natural gas
Jan 27, 2015 (UPI)
Ghana's first major natural gas project is expected to help with substantial economic development in the West African country, energy companies said Tuesday. Re...
Hess trims 18 percent from Bakken spending
Jan 27, 2015 (UPI)
Spending in the Bakken play in North Dakota will drop by 18 percent in the weakened oil price market, U.S. energy company Hess Corp. announced. "Hess has some o...
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