OIL

10,863 articles

MIPT Specialists Study Burning of Kerosene
Sep 11, 2014 (SPX)
Researchers from MIPT, Viktor Zhukov, Vladislav Sechenov and Andrei Starikovsky, have published experimental data on the combustion of jet fuel in the journal F...
IEA cuts oil demand outlook on weaker growth in Europe, China
Sep 11, 2014 (AFP)
The oil market has lost pace because of weak growth in Europe and slowdown in China, the IEA said on Thursday, cutting its estimates for demand. The growth in d...
API says more LNG exports needed for U.S. leverage
Sep 11, 2014 (UPI)
Despite a nod for southern U.S. LNG exports, the application backlog needs clearing to strengthen U.S. leverage, the American Petroleum Institute said. API Upst...
Gazprom Neft signs cooperation deal with Weatherford
Sep 11, 2014 (UPI)
Russian energy company Gazprom Neft announced it signed a technology-sharing deal with oil services company Weatherford International. "The signing of this agre...
IEA sees oil demand slump on Europe, China slumps
Sep 11, 2014 (UPI)
The International Energy Agency said Thursday it cut its forecast for oil demand growth because of an economic slowdown in Europe and China. IEA published its m...
Peace Action says oil funding cut may contain Islamic State
Sep 11, 2014 (UPI)
A U.S. peace advocacy group said cutting off weapons and oil funding streams for the Islamic State were better options than the use of military force. President...
McAuliffe: No fracking in George Washington National Forest
Sep 10, 2014 (UPI)
Virginia Governor Terry McAuliffe addressed the inaugural meeting of the state's Climate Change and Resiliency Commission in Richmond on Wednesday -- affirming ...
OPEC: More Libyan crude means lower oil prices
Sep 10, 2014 (UPI)
More barrels of oil on the global market in part because of Libya are keeping oil prices lower, the Organization of Petroleum Exporting Countries said. OPEC sai...
Kuwait Energy, Dragon Oil find oil in southern Iraq
Sep 10, 2014 (UPI)
Kuwait Energy and its Emirati counterpart Dragon Oil announced Wednesday they've made their first discovery of oil at a license area in southern Iraq. "This is ...
British gov't reviewing European gas crisis
Sep 10, 2014 (UPI)
Few in the European community could find relief in the event of a winter crisis stemming from transit issues in Ukraine, the British energy minister said. Europ...
Lifting ban does little for U.S. oil imports, study finds
Sep 10, 2014 (UPI)
If the United States lifts a ban on crude oil exports it can realize economic benefits, though it will still be a net importer, a report prepared by NERA Econom...
New fast-track developments online for Statoil
Sep 10, 2014 (UPI)
Norwegian energy company Statoil said Wednesday it started two development projects in the North Sea using fast-track technology. The company, one of the larges...
Gasoline prices matching oil march lower
Sep 10, 2014 (UPI)
There still may be some factors that could lead to elevated gas prices, but the upcoming season should bring further relief to U.S. motorists, AAA said. AAA rep...
Scotland says 'yes' vote means more oil from North Sea
Sep 10, 2014 (UPI)
Only a "yes" vote on the independence referendum will give Scotland the chance to realize the North Sea's oil and gas potential, the energy minister said. Scott...
Alaska signs agreement to export LNG to Japan
Sep 09, 2014 (UPI)
Alaska Gov. Sean Parnell announced his government signed a memorandum of understanding with Japan to facilitate liquefied natural gas exports. Parnell signed wi...
U.S. proposes new rules for trains carrying oil
Sep 09, 2014 (UPI)
The U.S. Department of Transportation said Tuesday it adopted new measures aimed at securing unattended freight trains in response to oil train accidents. The D...
Few barriers to energy cooperation, Iran and Russia say
Sep 09, 2014 (UPI)
There are few barriers in the way of expanded ties in the energy sectors of Iran and Russia, officials said during bilateral meetings in Tehran. Iranian Energy ...
Oil groups spar over U.S. export policies
Sep 09, 2014 (UPI)
The Independent Petroleum Association of America said it rejected complaints over decisions that cleared the way for the export of petroleum products. Crude oil...
Agreement part of LNG development decision
Sep 09, 2014 (UPI)
A group of gas companies working in Australia said Tuesday they were part of a decision to set aside most of the country's Curtis Island as a preserve area. BG ...
Deep water fundamental part of Shell's future
Sep 09, 2014 (UPI)
Deep water oil reserves are part of a fundamental growth area for Royal Dutch Shell, the company said after starting a Gulf of Mexico project. Shell last month ...
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