OIL

10,863 articles

Canada's ambassador presses Obama on Keystone pipeline
Jan 22, 2015 (AFP)
Canada's envoy to Washington urged US President Barack Obama Thursday to approve the long-delayed Keystone XL oil pipeline, saying he wants to "correct the myth...
IMF: Venezuela wounded by low oil prices
Jan 22, 2015 (UPI)
Venezuela's economy will decline more than any other in the region as a result of the drop in oil prices, analysis from the International Monetary Fund found. T...
Oil markets mixed after ECB action
Jan 22, 2015 (UPI)
Oil price indices were mixed early in the Thursday session as traders tried to make sense of the bond-buying initiative from the European Central Bank. Beginnin...
U.S. consumers to save big on gasoline costs
Jan 22, 2015 (UPI)
If gasoline price forecasts for 2015 are accurate, U.S. consumers should save an aggregate $125 billion in fuel costs, analysis published Thursday finds. Motor ...
Keystone XL: An elephant in the room
Jan 21, 2015 (UPI)
While touting oil independence during his State of the Union, it was the one word missing from the address, Keystone, that drew criticism for President Obama. "...
Oil markets follow Shanghai Composite's lead
Jan 21, 2015 (UPI)
Crude oil futures followed Wednesday's recovery in the Shanghai Composite Index to partially erase the historic slump seen in the previous session. Chinese Prem...
Moscow: Turkish Stream the new South Stream
Jan 21, 2015 (UPI)
Moscow said Wednesday a Turkish gas project will help ensure European energy security, the same reason given for the abandoned South Stream pipeline. Russian Fo...
Hayward's Genel keeps chin up despite slump
Jan 21, 2015 (UPI)
Though expenses for the year will be cut to adjust for low oil prices, British explorer Genel Energy said Wednesday its Iraqi oil production was resilient. "Our...
Norway draws record offshore interest
Jan 21, 2015 (UPI)
German energy company Wintershall said Wednesday there were emerging opportunities offshore Norway, where it's one of the largest stakeholders. Wintershall said...
Montana oil spill contaminates water supply
Jan 21, 2015 (UPI)
Residents in a Montana community affected by the Yellowstone River oil spill are urged to find alternative sources of drinking water, a county government said. ...
British shale ambitions hit snag
Jan 21, 2015 (UPI)
County officials in the heart of the fledgling British shale natural gas sector balked on a permit Wednesday for Cuadrilla Resources because of noise pollution....
Philippines says China expanding South China Sea reclamation
Jan 21, 2015 (AFP)
Philippine officials accused China on Wednesday of expanding reclamation work in disputed waters of the South China Sea, as the United States again called for r...
Norway updates Arctic ice map in boost to oil exploration
Jan 20, 2015 (AFP)
Norway wants to redefine the contours of the Arctic ice edge, the government announced Tuesday in a controversial decision that would further open the Barents S...
Russia taps Far East oil field
Jan 20, 2015 (UPI)
Hobbled by sanctions, Russian energy company Rosneft announced it joined its U.S. partners at Exxon Mobil in starting oil production from a Far East field. The ...
Schlumberger takes stake in Russian driller
Jan 20, 2015 (UPI)
Oil services company Schlumberger said Tuesday it spent roughly $1.7 billion to take a minority stake in a Russian driller, a week after announcing layoffs. The...
Ukraine, Poland ink gas pipeline deal
Jan 20, 2015 (UPI)
The Ukrainian prime minister announced a pipeline deal with neighboring Poland that diversifies the energy sector with better access to liquefied natural gas hu...
Clean energy risks over oil price fall: French minister
Jan 19, 2015 (AFP)
The fall in oil prices poses a threat to global efforts to boost renewable energy use and lower carbon emissions, France's ecology and energy minister said Mond...
Oil price slump puts at risk clean energy push: experts
Jan 17, 2015 (AFP)
Falling oil prices could have a negative impact on global efforts to develop renewable energy sources, experts warned Saturday at a conference in Abu Dhabi. Oil...
British fracking takes early steps
Jan 16, 2015 (UPI)
British shale pioneer Cuadrilla Resources was granted the environmental permits necessary to carry out at shale work in Lancashire, the government said Friday. ...
Gas exports down for Canada
Jan 16, 2015 (UPI)
The Canadian government said exports of natural gas to the United States were 5 percent lower year-on-year thanks in part to the U.S. shale boom. Pipeline expor...
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