OIL

10,863 articles

Croatia grants 10 Adriatic energy exploration licences
Jan 02, 2015 (AFP)
The Croatian government on Friday granted three groups the rights to explore for oil and gas in the Adriatic, as part of its bid to become a key energy supplier...
Did The Saudis And The US Collude In Dropping Oil Prices?
Jan 02, 2015 (SPX)
The oil price drop that has dominated the Did The Saudis And The US Collude In Dropping Oil Prices?s in recent weeks has been framed almost exclusively in terms...
Parts of Libya in the dark
Jan 02, 2015 (UPI)
Power shortages that came as a result of fighting in and around the Libyan port city of Ras Lanuf are expected to continue, an electric company said. Two power ...
Iran's non-oil exports on the rise
Jan 02, 2015 (UPI)
Non-oil exports from Iran have increased by around 20 percent since March as the economy broadens its diversity, a customs official said. Masoud Karbasian, dire...
Cyprus warns Turkey against any new energy moves
Jan 02, 2015 (AFP)
Cyprus warned Turkey Friday that if it re-entered the exclusive economic zone where Nicosia has licensed exploratory drilling there would be no chance of resumi...
U.S. clears Texas LNG export terminal
Dec 31, 2014 (UPI)
U.S. federal regulators said they authorized Cheniere Energy, a liquefied natural gas pioneer, to move forward with its export terminal in Texas. The Federal En...
Crude oil prices slide on last day of 2014
Dec 31, 2014 (UPI)
Crude oil prices were pummeled in the early Wednesday session on dueling reports showing growing evolution in the U.S. oil market. West Texas Intermediate, the ...
Venezuelan economy slips into recession
Dec 31, 2014 (UPI)
Venezuelan President Nicolas Maduro said he'd unveil economic reform efforts next year as an economy linked strongly to oil prices slips into recession. The Cen...
UN sees 'limited' impact of Bangladesh's Sundarbans oil spill
Dec 31, 2014 (AFP)
United Nations experts said Wednesday they found "limited immediate impact" on the ecosystem of the world's largest mangrove forest in Bangladesh after a major ...
Russia takes more action to prop up ruble
Dec 31, 2014 (UPI)
With low oil prices and Western sanctions taking their toll, the Central Bank of Russia said it was forced to take action to keep the national currency stable. ...
U.S. oil export policies increasingly fluid
Dec 31, 2014 (UPI)
A company planning exports of so-called condensate from the United States said it's operating according to precedent, though laws may be on the cusp of change. ...
Libya pro-government forces shoot down militia chopper
Dec 30, 2014 (AFP)
A Libyan jet shot down a militia helicopter Tuesday after Islamist-led fighters launched air strikes on a key oil terminal in the east of the country, a militar...
Gazprom buys out South Stream partners
Dec 30, 2014 (UPI)
Russian energy company Gazprom said it signed agreements with former joint venture partners to take full ownership of the South Stream gas pipeline group. Gazpr...
Gazprom Neft hails oil success in Iraq
Dec 30, 2014 (UPI)
Russian oil company Gazprom Neft said a third well now in service at the Badra oil field in Iraq ensures a production level of at least 15,000 barrels per day. ...
Baker Hughes: U.S. rig count up from last year
Dec 30, 2014 (UPI)
The number of rigs actively exploring for or producing U.S. oil and gas reserves was down short term, but still up year-on-year, Baker Hughes reported. Baker Hu...
British energy players facing tight purse strings
Dec 29, 2014 (UPI)
Companies listed on the London exchange that were set up to exploit higher oil and gas prices are running out of cash, analysis published Monday finds. Brent, t...
The state of shale
Dec 29, 2014 (SPX)
University of Pittsburgh researchers have shared their findings from three studies related to shale gas in a recent special issue of the journal Energy Technolo...
Libya's losses mount as oil terminal burns
Dec 29, 2014 (UPI)
Around $100 million worth of crude oil has gone up in flames as a result of a blaze burning at a tank storage facility in Libya, the government said. Militants ...
China's largest inland oil field depleting
Dec 29, 2014 (UPI)
The decline in crude oil prices means output from China's inland Daqing oil field will start to drop off beginning next year, an official at PetroChina said. Ma...
Car bomb near Syria gas plant kills 9: monitor
Dec 29, 2014 (AFP)
A car bomb explosion near a gas plant in Syria's Homs province on Monday killed nine people including four soldiers, a monitoring group said, updating an earlie...
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