OIL

10,863 articles

Russia battles to contain Black Sea oil spill
Dec 25, 2014 (AFP)
A Russian Black Sea city declared a state of emergency Thursday after a burst pipeline spewed oil into the landlocked water body, with stormy weather hampering ...
Russia called on to suspend arctic oil ambitions
Dec 24, 2014 (UPI)
The Russian branch of the World Wide Fund for Nature said Russia needs to suspend exploration and production efforts in the arctic because of low oil prices. At...
Ukraine settles gas debt to Russia
Dec 24, 2014 (UPI)
A Ukrainian energy company has settled its debt to Russian energy company Gazprom according to terms of an October agreement, the government said Wednesday. "Na...
Inventory data dings oil prices
Dec 24, 2014 (UPI)
Global crude oil prices in Wednesday trading were off close to 2 percent on average on word U.S. crude oil inventories were on the rise. Brent, the global price...
North Dakota population hits record
Dec 24, 2014 (UPI)
A booming economy in North Dakota, fed largely by the oil boom, is drawing in new residents at a record pace, the state's governor said. The state's population ...
Texas drilling permits decline
Dec 24, 2014 (UPI)
Though data suggest crude oil production is on an upward trend, the number of drilling permits in Texas dropped more than 3 percent, regulators said. The Texas ...
China needing more energy, data show
Dec 24, 2014 (UPI)
Efforts by the Chinese government to encourage sustainable growth have led to an increase in oil demand, government data released Wednesday show. Analysis of go...
Hess eyes Asian markets with Australian LNG
Dec 23, 2014 (UPI)
Natural gas taken from the deepwater deposits off the northwest coast of Australia could find their way on the Asian market, U.S. company Hess Corp. said. Hess,...
Exxon subsidiary hit with fines for gas operations
Dec 23, 2014 (UPI)
An Exxon Mobil subsidiary agreed to spend $3 million to restore land in West Virginia damaged by oil and gas operations, the U.S. government announced. Subsidia...
Russia's Gazprom trims expenses
Dec 23, 2014 (UPI)
Russian energy company Gazprom said Tuesday it was trimming expenses by more than $200 million in an effort to streamline operations going forward. The board of...
Tate Modern ordered to disclose BP funding
Dec 23, 2014 (UPI)
A British tribunal ordered Tate art galleries in London to disclose its financial ties with British oil company BP before the end of January. Environmental acti...
Dreams surface in Argentina's remote new oil hub
Dec 23, 2014 (AFP)
Early-summer winds howl over the semi-arid plains of southern Argentina's Neuquen province, beside the towering Andes, where the land holds riches from dinosaur...
U.S gas price decline breaks '08 recession record
Dec 23, 2014 (UPI)
The U.S. price for a gallon of regular unleaded gasoline has declined for the longest stretch since the so-called great recession, motor club AAA reported. AAA ...
U.S. economic lift boosts oil prices
Dec 23, 2014 (UPI)
A U.S. Commerce Department revision of more than 1 percent growth for the U.S. economy helped boost struggling oil prices in Tuesday's trading session. The Comm...
BG Group readies for first Australian LNG shipments
Dec 22, 2014 (UPI)
A tanker designated to take the first shipments of liquefied natural gas from the Gladstone project in Australia has arrived at port, BG Group said Monday. Proj...
Iran wary of regional oil conspiracies
Dec 22, 2014 (UPI)
The Iraqi speaker of parliament said Monday from Syria his government was mindful of regional players working against Tehran in the global oil marketplace. Iran...
Russia may scrap arctic oil ambitions
Dec 22, 2014 (UPI)
Russian oil company Rosneft said Monday it may have to postpone its drilling program in the arctic temporarily, but doesn't rule out future operations. Nikolai ...
Moscow confirms status of South Stream
Dec 22, 2014 (UPI)
A gas pipeline dubbed Turkish Stream will be built by Russian energy company Gazprom instead of the South Stream project for Europe, an official said Monday. Ru...
Morocco natural gas reserves emerging
Dec 22, 2014 (UPI)
Morocco could be emerging as a major regional player in terms of potential natural gas production, companies working on fledgling campaigns there said Monday. M...
Oil prices tumble after Riyadh defends market position
Dec 22, 2014 (UPI)
Crude oil prices retreated further in Monday trading after Saudi Arabia again defended its insistence on keeping production levels static. Oil prices have shed ...
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