OIL

10,863 articles

China hikes gasoline, diesel consumption tax
Nov 28, 2014 (AFP)
China on Friday announced a tax increase on gasoline and diesel fuel consumption in the first such hike since 2009, state media reported, amid a steep decline i...
Iran Negotiations, OPEC Meeting Loom For Oil Markets
Nov 26, 2014 (SPX)
As November draws to a close, there are two major events that could profoundly change the oil markets. With the clock ticking, the 5 permanent members of the UN...
Offshore oil drilling inspires maritime conflicts across the globe
Nov 26, 2014 (UPI)
Wherever there are humans, human conflict is not far behind, and when humans (and their human interests) move into uncharted territories, conflict follows. Perh...
Seized Greenpeace ship leaves Canaries after bail paid
Nov 26, 2014 (AFP)
A Greenpeace ship impounded by Spain earlier this month as it protested oil exploration off the Canary Islands was allowed to leave on Wednesday after payment o...
Brent sheds close to $1 ahead of OPEC meeting
Nov 26, 2014 (UPI)
One day ahead of a key OPEC meeting in Vienna, crude oil prices were in negative territory amid early Wednesday signs of static production levels. Iranian Oil M...
Pipeline to Pakistan still viable, Iran says
Nov 26, 2014 (UPI)
Iran's oil minister said Wednesday plans to extend a natural gas pipeline to Pakistan were still on the table despite growing concerns from Islamabad. "Pakistan...
House Republicans want export ban reviewed
Nov 26, 2014 (UPI)
With shale oil in abundance in the United States, "the time is now ripe" to consider easing the ban on crude oil exports, House Republican leaders said. U.S. Re...
Give thanks for low gasoline prices
Nov 26, 2014 (UPI)
Gasoline prices in the United States heading into Thanksgiving are the lowest in five years and should continue to drop, the Energy Department said Wednesday. T...
Oil in positive territory on good economic data
Nov 25, 2014 (UPI)
Crude oil prices saw only modest gains in early Tuesday trading despite positive economic reports from the Chinese and U.S. governments. Brent, the global bench...
By some calculations, U.S. gas prices end 60-day slump
Nov 25, 2014 (UPI)
U.S. pump watcher GasBuddy said the price for a gallon of gas ended its long decline Tuesday, one day before the official start to the holiday travel season. Th...
North Dakota reviews oil train safety measures
Nov 25, 2014 (UPI)
Rail operators in North Dakota have taken a good step forward on safety, though they're likely to face further scrutiny, Gov. Jack Dalrymple said. Dalrymple met...
Iran offers assurances to trading partners
Nov 25, 2014 (UPI)
Potential trading partners can rest easy about the investment environment in Iran despite sanctions pressure, the Iranian economics minister said Tuesday. Some ...
South Stream still on Russian table
Nov 25, 2014 (UPI)
The planned South Stream natural gas pipeline from Russia is a key element to energy security in Europe, Russia's deputy foreign minister said. Members of the E...
Georgia: Gas project will strengthen hand
Nov 24, 2014 (UPI)
A natural gas pipeline from the Caspian Sea to the European market will enhance the geopolitical strength of the region, Georgia's prime minister said. Georgian...
Routine maintenance sparked Gulf oil platform accident, firm says
Nov 24, 2014 (UPI)
A deadly incident on a drilling platform in the Gulf of Mexico was related to routine maintenance and not production, Fieldwood Energy said. The Bureau of Safet...
Oil prices slump after Iranian nuclear row continues
Nov 24, 2014 (UPI)
Global crude oil prices drifted lower in Monday trading on word multilateral talks with Iran failed to find traction as a negotiating deadline expired. Negotiat...
Sanctions cost Russia at least $40 billion
Nov 24, 2014 (UPI)
Russia stands to lose at least $40 billion because of Western economic sanctions targeting its energy sector, the country's finance minister said Monday. Oil ha...
Chinese island project in disputed waters 'justifiable': general
Nov 24, 2014 (AFP)
Beijing on Monday fired back at US criticism of an artificial island project in the disputed South China Sea that could reportedly include an airstrip, with a t...
Majority in Spain's Canary Islands oppose oil exploration: poll
Nov 24, 2014 (AFP)
Three-quarters, or 75.4 percent, of residents of Spain's tourist-dependent Canary Islands oppose oil prospecting in waters off the coast of the Atlantic archipe...
U.S. not on oil map for Nigeria
Nov 24, 2014 (UPI)
The Nigerian oil export economy relies mainly on consumers outside North America, the state-controlled Nigerian National Petroleum Corp. said Monday. "Four regi...
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