OIL

10,863 articles

Nebraska court clears path of Keystone XL
Jan 09, 2015 (UPI)
In a mixed decision, the Nebraska Supreme Court ruled Friday the legal premise used to sanction the route for Keystone XL was permissible. In a long awaited cas...
Scotland calls for North Sea reforms
Jan 09, 2015 (UPI)
The Scottish government wants reforms in the tax regime of the North Sea oil and gas sector to ensure long-term sustainability, the energy minister said. Scotla...
GOP leadership pushes natural gas developments
Jan 09, 2015 (UPI)
Republican leaders in the House of Representatives say the federal government needs to pick up the pace with reviewing permits for natural gas pipelines. "Ongoi...
Spill reported in North Dakota
Jan 09, 2015 (UPI)
The North Dakota government said there's been a release of material used to produce oil and gas into a creek in the heart of the country's oil developments. The...
U.S. oil production holding steady
Jan 08, 2015 (UPI)
U.S. crude oil production increased slightly for the week ending Jan. 2 despite a decline in rig activity and slumping prices, government data show. The U.S. En...
Oil price slump hits Canadian producer
Jan 08, 2015 (UPI)
Canadian energy company ARC Resources Ltd. said it plans to sell more than 15 million shares to raise capital to fund operations in the slumping oil market. ARC...
Oil markets holding steady on mixed economic news
Jan 08, 2015 (UPI)
More mixed news on the economic front left oil markets in flux as U.S. and European metrics produced Thursday show uneven growth in the global arena. Oil prices...
New method shows oil not polluting Athabasca Delta
Jan 08, 2015 (SPX)
A new study into the pre-industrial baseline levels of heavy metals in sediment carried by the Athabasca River shows that emissions from the Alberta oil sands a...
LNG demand not materializing in Asia
Jan 08, 2015 (UPI)
Demand for liquefied natural gas in the Asian market hasn't materialized as expected, analysis published Thursday by Wood Mackenzie finds. Giles Farrer, princip...
Top Five Factors Affecting Oil Prices In 2015
Jan 08, 2015 (SPX)
Top Five Factors Affecting Oil Prices In 2015 As we ring in the New Year, let's take stock of where we are at with the oil markets. 2014 proved to be a momentou...
World Bank sees oil prices shifting economic dynamics
Jan 08, 2015 (UPI)
The low price of crude oil is expected to last in 2015, shifting incomes from exporting countries like Russia to importers, the World Bank Group said. Crude oil...
Turkey remains keen on European gas
Jan 08, 2015 (UPI)
Turkey's embrace of a Russian natural gas pipeline project doesn't mean Ankara has turned its back on the European energy sector, the energy minister said. Russ...
Shale player pulls plug on Ukraine
Jan 07, 2015 (UPI)
The economic climate in Ukraine is no longer conducive to continue investing in shale natural gas opportunities, producer JKX Oil & Gas said Wednesday. "The boa...
Canada jumps into Keystone XL fray
Jan 07, 2015 (UPI)
Alberta's premier said he was planning a trip to Washington to make the case that the Keystone XL oil pipeline is in the best interest of the region. "Alberta i...
North Dakota defiant despite low oil prices
Jan 07, 2015 (UPI)
If low oil prices threaten North Dakota spending plans, the state's governor said he had confidence lawmakers would take measured steps to cope. North Dakota Go...
China to invest $20 bn in struggling Venezuela: Maduro
Jan 07, 2015 (AFP)
China has agreed to more than $20 billion in investments in economically struggling Venezuela, the South American nation's president Nicolas Maduro said Wednesd...
Shell strikes Nigerian oil spills compensation deal
Jan 07, 2015 (AFP)
Royal Dutch Shell has agreed a multi-million-dollar settlement to compensate 15,600 Nigerian fishermen over two serious oil spills in 2008 after a three-year le...
Oil mixed in Wednesday session
Jan 07, 2015 (UPI)
Mixed news on the economic and oil front Wednesday left markets in limbo, with key indices searching for traction after hitting historic lows. The price for Bre...
Energy Crisis As Early As 2016
Jan 07, 2015 (SPX)
Low oil prices today may be setting the world up for an oil shortage as early as 2016. Today we have just 2% more crude oil supply than demand and the price of ...
Freezing rain impacts Texas oil operations
Jan 07, 2015 (UPI)
It's not oil prices, but extreme winter weather that's impacting production and drilling operations in the Permian shale oil basin in Texas, an operator said. P...
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