OIL

10,863 articles

Getting the salt out
Oct 23, 2014 (SPX)
The boom in oil and gas produced through hydraulic fracturing, or fracking, is seen as a boon for meeting U.S. energy needs. But one byproduct of the process is...
WTI fights off $80 per barrel mark
Oct 23, 2014 (UPI)
An expected cut in Saudi crude oil production and reports of higher U.S. output helped keep the price for West Texas Intermediate above $80 in Thursday trading....
Rosneft, Gazprom tasked for arctic energy exploration
Oct 23, 2014 (UPI)
Russian energy companies should join forces for exploration in the arctic as part of a strategy to counter Western sanctions, a Kremlin official said Thursday. ...
Shell assessing gas discovery off the Gabonese coast
Oct 22, 2014 (UPI)
Shell announced Wednesday it made a substantial discovery of natural gas in the deep waters off the coast of the West African nation of Gabon. The company said ...
Amid gas talks, Kremlin faults West over Ukrainian tensions
Oct 22, 2014 (UPI)
Geopolitical tensions over Ukraine are a result of Western efforts to preserve long-standing regional divisions, the Russian foreign minister said Wednesday. We...
Brent crude continues rally on Chinese economic data
Oct 22, 2014 (UPI)
Brent crude oil prices for December delivery continued their rally, inching closer to the $87 per barrel mark in trading Wednesday. Brent hit a high-water mark ...
NDRC finds Californians at risk from oil and gas
Oct 22, 2014 (UPI)
More than 30 percent of Californians living near oil and gas wells reside in areas already heavily polluted, the Natural Resources Defense Council said. A Wedne...
Total tries to fill chasm left by Christophe de Margerie
Oct 22, 2014 (UPI)
French energy company Total said Wednesday it named former refining director Patrick Pouyanne as chief executive following the death of Christophe de Margerie. ...
API says GAO report on oil exports confirms industry position
Oct 21, 2014 (UPI)
A report on the impacts of crude oil exports reinforces the industry view that trade barriers are curbing U.S. influence, the American Petroleum Institute said....
First ever oil find in Paraguay lifts President Energy shares
Oct 21, 2014 (UPI)
Shares in British company President Energy continued their rally Tuesday after announcing the first ever oil discovery in Paraguay. President Energy, trading on...
Iranian economy tied too hard to oil, commissioner says
Oct 21, 2014 (UPI)
The Iranian government should work to take oil revenue out of its total budget to protect the economy from market dynamics, a commissioner said Tuesday. Hamid F...
Russia, EU hold bilateral energy talks on Ukrainian issue
Oct 21, 2014 (UPI)
The Russian government said Tuesday its representatives met separately with the European energy commissioner before talks about the Ukrainian gas crisis. Russia...
New tracers can identify frack fluids in the environment
Oct 21, 2014 (SPX)
Scientists have developed new geochemical tracers that can identify hydraulic fracturing flowback fluids that have been spilled or released into the environment...
Crude oil prices showing signs of rebound in Tuesday trading
Oct 21, 2014 (UPI)
Brent and West Texas Intermediate for November delivery both showed gains in trading Tuesday, with Brent showing sustained growth from an earlier session. Brent...
IHS: Islamic State financing war campaign with oil
Oct 21, 2014 (UPI)
Oil is fueling the war chest for the group calling itself the Islamic State by more than $2 million per day, a study from consultant group IHS said. A report fr...
Oil discovery declared by Statoil in North Sea
Oct 21, 2014 (UPI)
Norwegian energy company Statoil said Tuesday it found at least 30 million barrels of oil in the Grane area in the Norwegian waters of the North Sea. Statoil sa...
Irish government drawing interest to offshore reserves
Oct 21, 2014 (UPI)
The increase in exploration activity of the Irish coast shows the sector is moving in the right direction, Irish Natural Resources Minister Joe McHugh said. Tho...
A New Approach To Monitoring Groundwater Supplies Near Fracking Sites
Oct 20, 2014 (SPX)
A University of Cincinnati research project is taking a groundbreaking approach to monitoring groundwater resources near fracking sites in Ohio. Claire Botner, ...
Russia has little to fear from Azeri gas, scholar says
Oct 20, 2014 (UPI)
Trade deals between Russia, Turkey and Azerbaijan should ease Kremlin concerns about Baku's energy agreements with Europe, an Azeri scholar said. Elhur Soltanov...
Saudi police investigating after oil pipeline hit by bullet
Oct 20, 2014 (UPI)
Authorities in Saudi Arabia said they're conducting an investigation into an incident that left an oil pipeline in the eastern part of the country ablaze. The S...
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