OIL

10,863 articles

Kazakhstan keen on TAPI gas pipeline
Dec 03, 2014 (UPI)
Kazakhstan is interested in taking part in the multilateral natural gas pipeline project extending east from Turkmenistan, its government said. Last month, the ...
Few contractors vocal on South Stream status
Dec 03, 2014 (UPI)
Though most parties to the South Stream consortium are holding their tongues, an Italian company said it's received no formal notice the program was over. Russi...
Iraq government, Kurds strike deal on budget, oil
Dec 02, 2014 (AFP)
Iraq's government and the autonomous Kurdish region announced Tuesday an agreement resolving their longstanding disputes over the budget and oil exports, boosti...
TransCanada halts pipeline terminal over endangered whales
Dec 02, 2014 (AFP)
Oil company TransCanada suspended construction of a terminal on a major pipeline along the St. Lawrence River Monday after Canadian authorities classified a nea...
Russian economy falters
Dec 02, 2014 (UPI)
Russian economic growth is expected to fall below 1 percent in part because of investment uncertainty and sanctions pressure, a minister said Tuesday. Deputy Ec...
Gas has been below $3 for a month
Dec 02, 2014 (UPI)
U.S. gasoline prices have fallen more than 50 cents over 68 consecutive days and have been below $3 per gallon nationally for a full month, motor club AAA said....
WTI falls as new Gulf of Mexico oil production begins
Dec 02, 2014 (UPI)
With even more oil entering the U.S. stage, the price for West Texas Intermediate crude oil dropped more than $1 per barrel in early Tuesday trading. Global cru...
Putin: South Stream will not be carried out
Dec 02, 2014 (UPI)
If the European community doesn't want to back the planned South Stream gas pipeline, it will be taken off the table, the Russian president said from Ankara. Ru...
Migrant workers among 7 dead in Libya air raid
Dec 02, 2014 (AFP)
Seven people were killed, including five African migrant workers, as pro-government forces carried out air strikes Tuesday on the coastal city of Zuara in weste...
Iran drafting budget based on oil at $70 per barrel
Dec 02, 2014 (UPI)
The Iranian government said Tuesday it was drafting its annual budget for the next calendar year on the assumption that oil prices will be $70 per barrel. The O...
U.N. welcomes Iraqi, Kurdish oil deal
Dec 02, 2014 (UPI)
The U.N. special envoy to Iraqi said Tuesday an agreement between the Kurdish and federal government is a turning point for the country's oil sector. The Iraqi ...
Germany's Wintershall grabs Norwegian Sea position
Dec 01, 2014 (UPI)
The Norwegian government said Monday it's given German energy company Wintershall consent to drill in the Norwegian Sea after completing a deal with Statoil. Th...
Ukraine needs to court investors, EU says
Dec 01, 2014 (UPI)
Ukraine, an important energy transit nation for Europe, needs to rebrand itself as a safe haven for foreign investors, Europe's neighborhood commissioner said. ...
Oil prices leave December gate steady
Dec 01, 2014 (UPI)
Oil markets held their breath on Monday, the first trading day in December, despite signs of trouble in Asia and last week's static production signal from OPEC....
Iraqi oil production depends on external mechanisms
Dec 01, 2014 (UPI)
Building momentum behind the post-war oil industry in Iraq depends in part on long-term investments, the Iraqi oil minister said. The Organization of Petroleum ...
Oxy spin-off in California starts first trading day
Dec 01, 2014 (UPI)
California Resources Corp., a spin-off of Occidental Petroleum Corp., starts trading Monday as an independent entity, the parent company announced. "We spent mo...
Russia revisits oil-for-goods deal with Iran
Dec 01, 2014 (UPI)
Russia's minister of economic development said an oil-for-goods deal with Iran is on the cusp of realization. The deal where Iran would send oil to Russia has b...
Spain's Canary islanders protest against oil drilling
Nov 30, 2014 (AFP)
About 200 people, including tourists, formed a giant "SOS" on a beach on Spain's Canary Islands on Sunday to protest against drilling for oil off the archipelag...
China Strengthening Claim To South China Sea Oil And Gas
Nov 28, 2014 (SPX)
Not gone and not forgotten, China is ready to solidify its claim to the South China Sea (SCS). Recent satellite imagery confirms China is conducting significant...
WTI moves near price where it could hurt
Nov 28, 2014 (UPI)
The U.S. benchmark price for crude oil fell below what some analysts see as the break-even price for shale, one day after OPEC's decision to keep output steady....
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