OIL

10,863 articles

India on alert after Sundarbans oil spill
Dec 13, 2014 (AFP)
Indian authorities were on alert Saturday after a Bangladeshi tanker sank and dumped thousands of litres of oil into rivers of the Sundarbans, the world's large...
Bangladeshis use sponges to clean oil spill threatening dolphins
Dec 12, 2014 (AFP)
Bangladeshi villagers using sponges, shovels and even spoons worked Friday to clean up a huge oil spill in a protected area that is home to rare dolphins, after...
US Congress moves to approve Russia sanctions, arms for Ukraine
Dec 12, 2014 (AFP)
American lawmakers defied President Barack Obama and approved fresh economic sanctions against Russia, prompting swift criticism from Moscow Friday over toughen...
EU: Gas security still hinges on Ukraine
Dec 12, 2014 (UPI)
Though diversification strategies are on the table, a European official told Russia state media Ukraine plays a critical role in regional energy security. Europ...
IEA outlook bruises oil markets further
Dec 12, 2014 (UPI)
A Friday decision by the International Energy Agency to trim its oil demand forecast added insult to injury, pushing oil price indices to record lows. The IEA s...
Crude oil cargo for ESA's first flight with China
Dec 12, 2014 (ESA)
ESA is finalising its first experiment on a Chinese space mission: small containers of crude oil will help to improve our understanding of oil reservoirs buried...
Economist: Iran needs oil at $125 per barrel
Dec 12, 2014 (UPI)
Oil needs to be priced at about $125 per barrel in order for Iran to end the calendar year without a budget deficit, an Iranian economist said Friday. Oil price...
Too soon to lift oil export ban, Congress hears
Dec 12, 2014 (UPI)
It may be premature to ease restrictions on U.S. crude oil imports despite early indications of economic benefits, analysts told lawmakers on Capitol Hill. The ...
Mexico readies for offshore licensing round
Dec 11, 2014 (UPI)
The first package of licenses for work in the shallow waters off the coast of Mexico is coming as the government weighs the market for crude, an official said. ...
Russia sees promise in energy ties with India
Dec 11, 2014 (UPI)
Bilateral efforts to expand cooperation in the oil and gas sector between Russia and India hold "great promise," the Kremlin said Thursday. "We are paving the w...
U.S. House weighs oil export ban
Dec 11, 2014 (UPI)
House leaders hear testimony Thursday on policies restricting crude oil exports, arguing America's updated energy outlook mean it's time to redraft the rules. A...
New study measures methane emissions from gas wells
Dec 11, 2014 (SPX)
A team of researchers from the Cockrell School of Engineering at The University of Texas at Austin and environmental testing firm URS reports that a small subse...
Faith in oil prices faltering
Dec 11, 2014 (UPI)
Crude oil prices continued their steady decline Thursday after the previous down day despite signs of steady recovery in the U.S. labor market. West Texas Inter...
KBR announces restructuring plans
Dec 11, 2014 (UPI)
Services company KRB said Thursday it was streamlining its business operations to focus on core strengths in hydrocarbons and government services. The company, ...
U.S. importing more Venezuelan oil
Dec 11, 2014 (UPI)
U.S. data show oil imports from Venezuela increased more than 60 percent during the same week that Washington lawmakers looked to tighten sanctions pressure. Th...
'Catastrophic' Bangladesh oil spill threatens rare dolphins
Dec 11, 2014 (AFP)
An oil spill from a crashed tanker in Bangladesh is threatening endangered dolphins in the vast Sundarbans delta, officials warned Thursday, calling it an ecolo...
Medvedev: Russia never recovered from '08 collapse
Dec 10, 2014 (UPI)
Russia's economy, burdened by sanctions targeting its energy sector and low prices, hasn't recovered from the 2008 crisis, the prime minister said Wednesday. "N...
Technology-dependent Emissions of Gas Extraction in the US
Dec 10, 2014 (SPX)
Not all boreholes are the same. Scientists of the Karlsruhe Institute of Technology (KIT) used mobile measurement equipment to analyze gaseous compounds emitted...
BP's Dudley seeks to right the ship
Dec 10, 2014 (UPI)
At a time when crude oil prices continue to shed value, BP Chief Executive Officer Bob Dudley said Wednesday he was working to "right-size" the company. Dudley ...
U.S. oil group applauds pro-export bill
Dec 10, 2014 (UPI)
A consortium of oil producers in the United States said it welcomed the introduction of a bill that would ease restrictions on U.S. crude oil exports. Rep. Joe ...
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