OIL

10,863 articles

Liu Tienan: from planner to prisoner, via mistress
Dec 10, 2014 (AFP)
Over decades as a Chinese technocrat, Liu Tienan rose to become one of the top planners of the world's second-largest economy, but was brought down by a former ...
Oil price drop a conspiracy, Iran's president says
Dec 10, 2014 (UPI)
While describing the slump in oil prices as a plot against Middle East producers, Iran's president said Wednesday it's time to wean the budget from oil. "The sl...
Oil prices slump in response to OPEC report
Dec 10, 2014 (UPI)
Crude oil futures suffered another blow Wednesday as OPEC in its monthly market report for December trimmed its forecast for global oil demand for 2015. The Org...
Low gas prices will be commonplace, market analysts say
Dec 10, 2014 (UPI)
While there is a floor for U.S. gasoline prices, there are few signs pointing to an end to a new era of relief at the pump, price watchers said. Motor club AAA ...
IMF: Less Iraq contraction in 2014 on rising oil output
Dec 09, 2014 (AFP)
The International Monetary Fund on Tuesday said Iraq's oil-dependent economy was expected to contract much less than previously thought this year due to rising ...
Canada vows to make pipelines safer
Dec 09, 2014 (UPI)
The Canadian government said it's committed to a world-class regime for pipeline safety, calling for new "polluter pays" rules and other control measures. The g...
Eni brings more oil online offshore Angola
Dec 09, 2014 (UPI)
The start of a new development project in deep Angolan waters should yield 100,000 barrels of oil per day in the coming months, Italian energy company Eni said....
WTI, Brent rebound after historic slump
Dec 09, 2014 (UPI)
Global crude oil indices recovered Tuesday from the previous session's lows as U.S. Secretary of State John Kerry brushed off allegations of a price war. West T...
Zero carbon emission goal not 'realistic': Saudi Arabia
Dec 09, 2014 (AFP)
Setting a target of zero carbon emissions by 2050 is not "realistic," Saudi Arabia's chief negotiator at UN talks for a new, world climate pact said in Lima Mon...
Canada will only curb oil sector emissions when US does: PM
Dec 09, 2014 (AFP)
Canada will only impose regulations to cut carbon emissions from its oil and gas sector -- its top source of emissions -- if and when the United States moves to...
New Zealand drawing more energy interest
Dec 09, 2014 (UPI)
More and more energy companies are flocking to take advantage of the potential offshore New Zealand, the country's energy minister said Tuesday. Minister of Ene...
Montney companies seek more infrastructure
Dec 09, 2014 (SPX)
What does it take to build up a new region for oil and gas development? Obviously, the resources have to be in place and economically recoverable. But it is not...
Kremlin lauds ties with energy-hungry China
Dec 09, 2014 (UPI)
The growing relationship between Russia and China in the new century is supported in part on energy agreements, Russia's foreign minister said Tuesday. "The cou...
Conoco shale spending plans down for 2015
Dec 09, 2014 (UPI)
U.S. energy company ConocoPhillips said it was trimming its capital spending program for 2015, with funding targeting U.S. shale basins down 20 percent. "The re...
Is natural gas a 'bridge' to a hotter future?
Dec 09, 2014 (SPX)
Natural gas power plants produce substantial amounts of gases that lead to global warming. Replacing old coal-fired power plants with new natural gas plants cou...
British shale pioneer courts local labor pool
Dec 08, 2014 (UPI)
The labor pool in Lancashire is ready to usher in the new era of British shale natural gas, the top executive at shale pioneer Cuadrilla Resources said. Cuadril...
US Supreme Court rejects BP challenge to Gulf settlement
Dec 08, 2014 (AFP)
The US Supreme Court on Monday refused to hear energy giant BP's challenge to a settlement ordering it to pay hundreds of millions of dollars to businesses hurt...
Biden: Iran feeling squeeze of lower oil prices
Dec 08, 2014 (UPI)
The collapse in crude oil prices only adds to the strain on the Iranian economy brought on by Western sanctions, U.S. Vice President Joe Biden said. Biden addre...
Oil prices down after lacklustre Chinese trade data
Dec 08, 2014 (AFP)
Crude hit fresh five-year-lows Monday following another weak batch of trade data out of China, while prices were also pressured by the strengthening dollar, ana...
Abandoned oil and gas wells emit 'significant' methane: study
Dec 08, 2014 (AFP)
A significant amount of the potent greenhouse gas methane may be leaking into the atmosphere from abandoned oil and gas wells, according to a study in Pennsylva...
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