OIL

10,863 articles

Oil spill Israel's 'biggest ecological disaster': expert
Dec 08, 2014 (AFP)
A pipeline leak in southern Israel last week has caused the country's biggest environmental disaster, an energy expert said Monday, after estimates of the size ...
Russia, U.S. each praise Iraqi oil developments
Dec 08, 2014 (UPI)
The Iraqi oil sector is drawing accolades from across the East-West divide, with Russian and U.S. players praising ongoing developments. Russian oil company Gaz...
No floor yet for Brent crude oil
Dec 08, 2014 (UPI)
With analysts slashing expectations, Brent crude oil prices dropped Monday to their lowest price in more than five years as the search for bottom continues. Bre...
Kazakhstan unveils massive investment program
Dec 07, 2014 (UPI)
In times of austerity, most governments cut back expenditures and raise taxes. Kazakhstan is following a different path. Despite reduced income due to falling o...
U.S. rig count steady, Baker Hughes finds
Dec 05, 2014 (UPI)
While oil prices are moving near the point at which drilling may be too expensive, oil services company Baker Hughes said Friday the U.S. rig count was static. ...
WTI shrugs off modest economic data
Dec 05, 2014 (UPI)
Higher U.S. oil reserve data contributed to a Friday decline in the price for West Texas Intermediate crude oil, ignoring good news from the labor market. West ...
Low appetite dragged South Stream down
Dec 05, 2014 (UPI)
Low demand for natural gas in the European market may have been a factor in the Russian decision to revisit the South Stream pipeline, Fitch Ratings said. Russi...
Statoil suspends rig operations in rough market
Dec 05, 2014 (UPI)
Current market conditions are making it difficult to sustain drilling operations in Norwegian territorial waters, a procurement director at Statoil said Friday....
Kurdish oil market evolving quickly
Dec 05, 2014 (UPI)
The market for crude oil produced in the Kurdish north of Iraq is evolving rapidly both in the domestic and foreign markets, an oil company executive said. Iraq...
Gazprom gets $480 million credit assurance
Dec 05, 2014 (UPI)
With the Russian economy on the brink of recession, Russian gas company Gazprom said Friday it brokered a credit line for nearly half a billion dollars. The Rus...
WTI falls despite lower U.S. inventories
Dec 04, 2014 (UPI)
Static U.S. oil production and lower inventories weren't enough to stave off a Thursday drop in West Texas Intermediate crude oil prices. WTI, the U.S. benchmar...
Texas study finds chink in U.S. shale gas armor
Dec 04, 2014 (UPI)
A study of shale natural gas plays in the United States finds some of the predictions for long-term growth may be overly optimistic, the journal Nature reports....
South Stream decision 'final'
Dec 04, 2014 (UPI)
Kremlin decisions to end the pursuit of the South Stream natural gas pipeline project for Europe are final, the Russian energy minister said Thursday. "In my vi...
Sanctions show West is fearful, Putin says
Dec 04, 2014 (UPI)
Sanctions targeting the energy sector are a response from a Western power base wary of the rise of post-Soviet Russia, President Vladimir Putin said Thursday. P...
North Dakota unfazed by low oil prices
Dec 04, 2014 (UPI)
North Dakota's governor rolled out his budget plans for the next year, saying the state's financial position was strong despite fears sparked by low oil prices....
Iraqi oil deal good for security, U.S. says
Dec 03, 2014 (UPI)
An Iraqi deal ending a simmering impasse over oil is an economic victory as well as a blow to Islamic State insurgents, the U.S. State Department said. Under th...
U.S. shale player ONEOK resilient
Dec 03, 2014 (UPI)
U.S. shale player ONEOK said it expects substantial and ongoing growth for its operations moving forward despite a volatile commodity environment. ONEOK said it...
Oil markets search for traction
Dec 03, 2014 (UPI)
Good economic data Wednesday helped push oil markets slightly higher, though prices still reflected uncertainty following OPEC's production decision. Oil market...
Experts urge Norway oil fund to consider climate criteria
Dec 03, 2014 (AFP)
An expert panel recommended Wednesday that Norway's sovereign wealth fund, the world's largest, give more consideration to climate change in its investments but...
Eni reviews market conditions with Venezuela
Dec 03, 2014 (UPI)
While providing few specifics, Italian energy company Eni said Wednesday it was reviewing current world oil market conditions with its Venezuelan counterparts. ...
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