OIL

10,863 articles

Outlook uncertain for offshore Norway, a major energy supplier for Europe
Nov 11, 2014 (UPI)
The world economy remains fragile and, with oil prices at historic lows, investments in the Norwegian energy sector may be tempered, an industry group said. The...
Wood Mackenzie: Oil exports hinge on U.S. political maneuvering
Nov 11, 2014 (UPI)
If nothing happens soon, lifting restrictions on crude oil exports will have to wait until after U.S. presidential elections in 2016, Wood Mackenzie says. U.S. ...
It was Sept. 25 last time gas prices went up
Nov 11, 2014 (UPI)
It's been 47 days since the U.S. average price for a gallon of gasoline increased, the longest streak in six years, motor club AAA said. AAA reports a national ...
WTI price no deterrent in U.S. shale basins
Nov 11, 2014 (UPI)
The benchmark for U.S. crude oil prices was treading water in early Tuesday trading, one day after a report showed few signs of a slowdown in the shale boom. We...
G20 states spend $88bn in fossil fuel exploration subsidies: report
Nov 11, 2014 (AFP)
Leading world economies are spending $88 billion (71 billion euros) a year in fossil fuel exploration subsidies, sapping investment from low-carbon alternatives...
BP commits to big Egyptian investments
Nov 10, 2014 (UPI)
British energy company BP said Monday it was committed to investing heavily in the Egyptian energy sector for the benefit of the Egyptian people. BP said it com...
Cleaner power coming to Wisconsin
Nov 10, 2014 (SPX)
Alliant Energy Wisconsin customers could soon reap the benefits of having cleaner, reliable energy powering their homes and businesses. Alliant Energy's Wiscons...
China's 'new normal' lifts oil prices
Nov 10, 2014 (UPI)
Crude oil prices started Monday on a high note after the Chinese president said economic growth was entering a new growth phase. West Texas Intermediate, the U....
Output should return soon for Libya oil
Nov 10, 2014 (UPI)
Oil should start flowing again from one of Libya's largest fields, just days after a militant takeover, a spokesman for the Libyan National Oil Co. said Monday....
Report: Israel wants more U.S. gas partners
Nov 10, 2014 (UPI)
Israel is on the cusp of becoming a natural gas exporter and is inviting U.S. energy companies to join in reaping the rewards, an official said from Houston. Am...
Putin: Russian economy is in check
Nov 10, 2014 (UPI)
Russian President Vladimir Putin said from an economic summit in Beijing there'd be no increase in state deficits despite sanctions on Russian energy companies....
Canada eager to tap into Chinese market
Nov 10, 2014 (UPI)
There are huge economic benefits to working with Chinese businesses in all areas, including the energy sector, Canadian Prime Minister Stephen Harper said. Harp...
Chinese oil imports up 18 percent
Nov 10, 2014 (UPI)
Chinese government data show crude oil imports were up 18 percent in October year-on-year, though down from the month prior by more than 10 percent. Chinese ave...
US-led air raids hit jihadist-held Syria oil field
Nov 08, 2014 (AFP)
US-led air strikes hit jihadist positions in the north and east of Syria, including an oil field, the Syrian Observatory for Human Rights said on Saturday. The ...
OPEC says energy demand to soar 60% by 2040
Nov 07, 2014 (AFP)
Global energy demand will increase by 60 percent by 2040 compared to 2010 levels, OPEC said Thursday, with greenhouse-gas-emitting fossil fuels remaining by far...
Statoil completes exploration season in Barents Sea
Nov 07, 2014 (UPI)
Though few commercial discoveries were made, Norwegian energy company Statoil said Friday it showed it can work safely in remote parts of the Barents Sea. Stato...
WTI, Brent show signs of life
Nov 07, 2014 (UPI)
West Texas Intermediate and Brent crude oil prices for December delivery experienced some vitality in Friday trading on good U.S. economic data. Early data on t...
House lays out pro-Keystone XL agenda
Nov 07, 2014 (UPI)
A Republican-led House Energy Committee said that, while Keystone XL is just one piece of the energy puzzle, it's a key component of the wider whole. The GOP ha...
U.S. rig activity up 10 percent year-on-year
Nov 07, 2014 (UPI)
The number of rigs actively exploring for or developing oil or natural gas in the United States is up 10 percent from last year, Baker Hughes said Friday. The o...
U.S. shale gas output breaking records
Nov 07, 2014 (UPI)
U.S. natural gas production has risen for the 10th consecutive month, moving steadily into "unchartered territory," analysis from Platts finds. Bentek Energy, t...
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