OIL

10,863 articles

WTI, Brent end week on a high note
Nov 14, 2014 (UPI)
Crude oil prices are ending the week on a high note on word Friday from the International Energy Agency global demand should experience steady recovery. The Par...
Cutting Islamic State oil wealth difficult, RAND scholar says
Nov 14, 2014 (UPI)
It's unclear how well non-military means in Iraq and Syria will diminish the revenue base for the Islamic State, a scholar from RAND Corp. testified. Members of...
Shell challenges Amnesty International oil spill report
Nov 14, 2014 (UPI)
Responding to an Amnesty International report, a Shell spokesman said Friday the company aims to compensate all Nigerians "genuinely affected" by oil spills. Am...
Most fracking chemicals as toxic as common household substances
Nov 13, 2014 (SPX)
The "surfactant" chemicals found in samples of fracking fluid collected in five states were no more toxic than substances commonly found in homes, according to ...
Kurds say deal reached with Baghdad over oil, salaries
Nov 13, 2014 (AFP)
Iraq's autonomous region of Kurdistan said Thursday it had reached a breakthrough deal with Baghdad in a long-standing dispute over oil sales and salary payment...
Mild European weather hurts gas company profits
Nov 13, 2014 (UPI)
Two European energy companies said Thursday their fiscal performance was hurt by a mild winter, while the demand economy showed signs of slowing down. German en...
Moldova may be next front in EU gas war
Nov 13, 2014 (UPI)
The European Commission said Thursday the people of Moldova aspire to a European agenda, one day after the former Soviet republic landed a Russian gas deal. The...
Shell says 2008 Nigeria spills bigger than thought
Nov 13, 2014 (AFP)
Royal Dutch Shell said Thursday that two 2008 oil spills in Nigeria were larger than earlier thought, ahead of a compensation court case in England's High Court...
US says air strikes cutting militants oil revenues
Nov 13, 2014 (AFP)
US air strikes are beginning to choke off the flow of oil revenues to Islamic militants, cutting their income by several million dollars a week, a top US offici...
Keystone XL may be Landrieu's swan song
Nov 13, 2014 (UPI)
"Elections have consequences" and it's time now to push ahead with a measure to pass the Keystone XL pipeline, a Senate Republican said. Sens. John Hoeven, R-N....
EIA forecasts push oil price indices to new low
Nov 13, 2014 (UPI)
Crude oil prices continued their steady decline in Thursday trading after a U.S. administrator said total domestic oil production should increase short-term. We...
Bakken behind rise in oil-by-rail shipments
Nov 13, 2014 (UPI)
Crude oil production from North Dakota is more than the U.S. pipeline network can handle, forcing refiners to use rail, a federal report said Thursday. The Ener...
Shale gas a top British priority, minister says
Nov 13, 2014 (UPI)
Putting full support behind the fledgling shale natural gas industry is the top priority for the British government, the British energy minister said Thursday. ...
EIA: 'Modest' benefits from LNG exports
Nov 12, 2014 (UPI)
An increase in natural gas production from U.S. shale basins should support export growth, but the economic benefits will be modest, the government said. The U....
Low gas prices translate to high consumer confidence
Nov 12, 2014 (UPI)
The National Association of Convenience stores said Wednesday less cash spent at the gas station should translate to more money going to holiday spending. NACS ...
U.S. oil bubble bursts by 2020s, IEA warns
Nov 12, 2014 (UPI)
"Breathing space" in global crude oil markets ushered in by U.S. shale oil output doesn't mean the glut will last forever, the IEA said in a Wednesday report. T...
Crude oil prices recoil after OPEC report
Nov 12, 2014 (UPI)
U.S. and global crude oil price indices moved lower in Wednesday trading after OPEC raised its outlook for world oil production moving forward. The Organization...
Sagenet/SpaceNet Add SES Capacity For US Oil and Gas Sector
Nov 12, 2014 (SPX)
Global satellite operator SES has announced at the Oilcomm 2014 Conference that it has signed a new capacity agreement with SageNet/Spacenet to help energy comp...
British government funding so-called shale colleges
Nov 12, 2014 (UPI)
The British government said Wednesday it was seizing the shale moment through the creation of university programs aimed at training the next energy generation. ...
Seismic opposition to British shale study
Nov 11, 2014 (UPI)
A call from academia to loosen the rules for the fledgling British shale industry could lead to "shock waves" of opposition, an advocacy group said Tuesday. Res...
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