OIL

10,863 articles

Islamic State's Ultimate Goal: Saudi Arabia's Oil Wells
Sep 15, 2014 (SPX)
For the terrorist group known as the Islamic State, Syria and Iraq were a good place to start their campaign, but in order to survive and prosper it knew from t...
EU charts decrease in energy trade deficit
Sep 15, 2014 (UPI)
The trade deficit for energy for the 28 members of the European Union was down 8 percent from the first six months of 2013, data Monday show. Eurostat, the stat...
New York Times report on oil rubbish, Ankara says
Sep 15, 2014 (UPI)
Turkish Energy Minister Taner Yildiz said a report Ankara wasn't doing enough to interrupt oil ties to the Islamic State was part of smear campaign. Yildiz said...
Gazprom Neft takes 1 millionth barrel from arctic field
Sep 15, 2014 (UPI)
Russian oil company Gazprom Neft said Monday it reached a milestone with the production of its 1 millionth barrel of oil from the arctic Prirazlomnoye field. Ga...
Kuwait NBK to help finance mega oil project
Sep 14, 2014 (AFP)
The National Bank of Kuwait's investment arm has been selected as exclusive financing adviser for a $12-billion clean fuel refineries project, the bank said in ...
Kremlin: Oil on table, but Iranian nuclear energy tops agenda
Sep 12, 2014 (UPI)
Though oil and gas are on the agenda, an aide to the Kremlin said work on nuclear energy was one of the more important issues during talks Friday with Iran. Ira...
DOT sued by advocates upset by oil train rules
Sep 12, 2014 (UPI)
Advocacy groups said they filed a lawsuit against the Department of Transportation for not responding to calls to pull crude oil rail cars out of service. The D...
Average for U.S. oil imports down 6.8 percent year-on-year
Sep 12, 2014 (UPI)
The four-week average of crude oil imports into the United States is nearly 7 percent less than last year, the U.S. Energy Information Administration said. EIA ...
Rosneft, other Russian energy companies in EU sights
Sep 12, 2014 (UPI)
New sanctions against the Russian energy sector entered into force Friday in response to continued aggression in Ukraine, the European Union declared. Herman Va...
China puts offshore reserve areas on auction block
Sep 12, 2014 (UPI)
China's state-owned oil company, CNOOC, announced the opening of bidding for 33 reserve areas off the Chinese coast, including South China Sea areas. China Nati...
Future of Sandpiper oil pipeline in Minnesota reviewed
Sep 12, 2014 (UPI)
The Minnesota Public Utilities Commission called on pipeline builder Enbridge Energy to examine new routes for its planned Sandpiper oil project. Sandpiper woul...
Pemex working to wean itself from foreign tap
Sep 12, 2014 (UPI)
Mexico's state-run energy company said it's focusing on production of fuels at five domestic refineries in an effort to wean itself from imports. Mexico relies ...
Head of Bakken player Continental pursuing 'other options'
Sep 12, 2014 (UPI)
The head of Continental Resources, the largest player in North Dakota shale, is leaving to pursue his options elsewhere, the company said. Continental announced...
Canadian crude oil exports in line with yearly average
Sep 12, 2014 (UPI)
Total crude oil exports from Canada in June were about 38,000 barrels per day less than the previous month, government data show, and on par with the average. T...
Statoil sells offshore assets to Germany's Wintershall
Sep 12, 2014 (UPI)
Norwegian energy company Statoil said Friday it sold off some of its assets on the Norwegian continental shelf to its German counterpart, Wintershall. "We have ...
Shale bid in British national park denied
Sep 11, 2014 (UPI)
A shale pioneer in the United Kingdom said Thursday it was disappointed, but not surprised, by the rejection of its oil and gas exploration bid. Celtique Energi...
Flint Hills settles with EPA over North Pole refinery fire
Sep 11, 2014 (UPI)
Refining company Flint Hills Resources agreed to settle a civil penalty for $80,000 for mishandling waste at a petroleum refinery in Alaska, the EPA said. The E...
China, Russia to build seaport: report
Sep 11, 2014 (AFP)
China and Russia will build one of the largest ports in northeast Asia on Russia's Sea of Japan coast, reports said, in a further sign of the powerhouses' growi...
Gazprom pins high operating expenses on Ukraine
Sep 11, 2014 (UPI)
Russian energy company Gazprom said Thursday it attributed an increase in operating expenses to its account with Ukraine. Gazprom issued its results for the fir...
U.S. assessing 'rumors' of Iran, Russia oil agreement
Sep 11, 2014 (UPI)
The U.S. government is taking a wait-and-see approach to the "rumors" of an oil-for-goods deal between Russia and Iran, a State Department spokesperson said. Ir...
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