OIL

10,863 articles

Iran Guards seize commercial ship in Gulf: US Navy
Jul 06, 2023 (AFP)
"The Islamic Revolutionary Guard Corps (IRGC) forcibly seized a commercial vessel possibly engaged in smuggling activity," the Bahrain-based US Navy's Fifth Fle...
UAE climate chair urges oil firms to slash emissions
Jul 06, 2023 (AFP)
Sultan al-Jaber, head of the UAE national oil company ADNOC, told ministers from countries of the OPEC oil producers' grouping the industry must "urgently decar...
TotalEnergies CEO says COP28 chief can press oil nations on climate
Jul 06, 2023 (AFP)
The appointment of Sultan al-Jaber as head of the COP28 talks to be held in Dubai later this year has been controversial because he heads the United Arab Emirat...
U.S. liquefied natural gas exports expected to outpace rivals this year
Jul 05, 2023 (UPI)
The start of a new export facility for LNG helped establish the United States as the world's leading exporter last year. Operations began during the first half ...
US forces prevented Iran from seizing two tankers near Oman: Pentagon
Jul 05, 2023 (AFP)
Tehran has stepped up actions against tankers in the region since the United States tightened sanctions on Iran's own oil exports and other sections of its econ...
Spending levels on oil, gas ignore efficiency gains, consultant group says
Jul 05, 2023 (UPI)
Leaders at the Organization of the Petroleum Exporting Countries have claimed that investment trends in the so-called energy transition, the move away from foss...
With oil prices stuck, Saudi Arabia and Russia announce plans to cut oil production
Jul 03, 2023 (UPI)
Parties to OPEC+, the core members of the Organization of the Petroleum Exporting Countries and non-member state allies such as Russia, stood pat on production ...
Gasoline prices remain low, though tensions are high for July 4 air travel
Jul 03, 2023 (UPI)
Travel club AAA is expecting a busy week in travel for Independence Day, with slightly more than 50 million people forecast to travel more than 50 miles. That w...
Activists protest over ship pollution at maritime meet
Jul 03, 2023 (AFP)
Several dozen activists, including some dressed as jellyfish, demonstrated outside the headquarters of the UN's global shipping regulator, as they urged greener...
Gas prices working in holiday-goers favor for July 4
Jun 30, 2023 (UPI)
Travel club AAA put the national average retail price at $3.54 for a gallon of regular unleaded gasoline, down from the $3.58 average at this point last month. ...
Momentum to partner with Eutelsat and OneWeb to for Oil and Gas industry
Jun 30, 2023 (SPX)
This partnership will help to bring high-performance communications services to Oil and Gas projects and facilities across Canada and the U.S. Momentum is alrea...
Gulf oil states on a Pacific charm offensive
Jun 29, 2023 (AFP)
Saudi Arabia and the United Arab Emirates -- two of the world's biggest crude oil producers -- have been ramping up efforts to shed their reputations as global ...
Environmentalists sue Norway over new oil projects
Jun 29, 2023 (AFP)
The Nordic branch of Greenpeace and Natur og Ungdom, which previously lost a similar lawsuit brought against the state, objected to the planned development of t...
Indigenous defenders of oil in the Amazon
Jun 27, 2023 (AFP)
"We will not allow 'kowori' (strangers)... to enter," said Waorani leader Felipe Ima, translating the belligerent words of the group of seven women from the Kaw...
OPEC: Oil demand to reach 110 million barrels by 2045
Jun 26, 2023 (UPI)
The rise in demand will come from a 23% rise in energy demand by 2045 to fuel global economic growth and while there will be renewables and gas, hydrogen and nu...
Dutch to shut Europe's biggest gas field after quakes
Jun 23, 2023 (AFP)
Wells at the massive Groningen field in the northern Netherlands will remain open for one more year in case of a cold winter but then be shut down forever, the ...
Church of England dumps all oil and gas investments
Jun 22, 2023 (AFP)
The body that manages the Church's 10.3-billion pounds ($13.1-billion) endowment fund excluded 20 companies from its list of financial assets two years ago. It ...
US county sues oil companies for $51 bn over 'Heat Dome' disaster
Jun 22, 2023 (AFP)
Multnomah County, which encompasses the state's most populous city Portland, said combined historic carbon pollution from use of the companies' products -- and ...
Rich countries pledge $2.7 bn to decarbonise Senegal economy
Jun 22, 2023 (AFP)
"Senegal has committed to increasing the share of electricity generated by renewable energy to 40 percent by 2030 with financing to the order of 2.5 billion eur...
Iran top diplomat rounds out Gulf tour with UAE visit
Jun 22, 2023 (AFP)
Hossein Amir-Abdollahian's visit to the UAE followed stops in Qatar, Kuwait and Oman -- the latest in a flurry of diplomatic moves by Tehran as it seeks to redu...
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