OIL

10,863 articles

Iraq launches new oil refinery to reduce imports
Apr 01, 2023 (AFP)
Oil Minister Hayan Abdel Ghani announced the refinery had begun "commercial production" after a ribbon-cutting ceremony led by Prime Minister Mohammed Shia al-S...
Oil prices soar almost 6% after OPEC+ output cut
Apr 01, 2023 (AFP)
The West Texas Intermediate contract jumped 5.74 percent to $80.01 a barrel, while Brent jumped 5.67 percent to $84.42. The move by Saudi Arabia, Iraq, UAE, Kuw...
Philippine fishermen struggle as oil spill keeps them ashore
Mar 29, 2023 (AFP)
Four weeks after a Philippine tanker loaded with 800,000 litres (210,000 gallons) of thick oil sank off the central island of Mindoro, the vessel is still leaki...
WVU researchers receive $5.5M to examine methane emissions at oil and gas sites
Mar 29, 2023 (SPX)
With the support of $5.5 million in U.S. Department of Energy funding, the project, led by Derek Johnson, associate professor at the Benjamin M. Statler College...
Xi hails Middle East thaw in call with Saudi crown prince
Mar 28, 2023 (AFP)
Beijing brokered an agreement between Tehran and Riyadh on March 10 to restore diplomatic ties following a seven-year freeze. Long bitter rivals, Iran and Saudi...
Saudi Aramco touts 'commitment to China' with petrochemical deals
Mar 27, 2023 (AFP)
The agreement with Rongsheng Petrochemical comes as Saudi Arabia -- the world's biggest crude exporter -- increases political ties with top importer China inclu...
Dutch should 'shut down' gas field says local Shell boss
Mar 26, 2023 (AFP)
Gas have been pumped from the massive northern Groningen field since 1963, but residents have been terrorised by increasingly violent earthquakes for more than ...
Major oil leak in southern English port
Mar 26, 2023 (AFP)
"A major incident has been declared due to an oil leak from the Wytch Farm oil field," Philip Broadhead, council leader for Bournemouth, Christchurch and Poole ...
Ankara stops handling Iraqi Kurdistan oil: Baghdad
Mar 25, 2023 (AFP)
"Turkey has informed the authorities of Iraqi Kurdistan of a stop to imports," Assem Jihad, spokesman for the ministry, told AFP. Iraqi officials overseeing exp...
Denmark invites Nord Stream owner to recover mystery object
Mar 24, 2023 (AFP)
Russian President Vladimir Putin, who revealed the discovery of the object earlier this month, said experts believe that it could be a signal antenna to activat...
China holds 'upper hand' in Russian gas exports
Mar 23, 2023 (AFP)
Beijing emerged as an economic lifeline for Moscow last year, especially through energy purchases, after Western sanctions over Russia's invasion of Ukraine cut...
Russia hopes to sign major pipeline deal with China this year
Mar 23, 2023 (AFP)
Moscow is looking to pivot gas exports to countries which have not imposed sanctions targeting its energy sector, one of many hit by the measures since the Krem...
Agreement 'reached' on Power of Siberia 2 gas pipeline to China: Putin
Mar 22, 2023 (AFP)
"All agreements have been reached," Putin said, adding that economic cooperation between Moscow and Beijing was a "priority" for Russia.
Sunken Philippine oil tanker found: officials
Mar 21, 2023 (AFP)
The Princess Empress was carrying 800,000 litres (210,000 gallons) of industrial fuel oil when it sank on February 28 off the central island of Mindoro, south o...
Green hydrogen: How photoelectrochemical water splitting may become competitive
Mar 21, 2023 (SPX)
The direct approach At the HZB Institute for Solar Fuels, several teams are working on a direct approach to solar water splitting: they are developing photoelec...
Kuwait desert oil spill sparks 'state of emergency': company
Mar 20, 2023 (AFP)
The emergency was sparked by an "oil leak in the west of the country", the state-owned company said in a statement, as video posted by Kuwaiti media showed a gu...
North Sea oil and gas staff vote to strike: union
Mar 20, 2023 (AFP)
About 1,400 Unite members working at various platforms voted for walkouts between March and June, the union announced in a statement, although no precise dates ...
US leadership role in Middle East facing deep challenges
Mar 18, 2023 (AFP)
Beijing's persuading archrivals Riyadh and Tehran to reestablish diplomatic relations upstaged the United States just as Washington appears powerless to interve...
NATO, EU chiefs tour Norway gas platform
Mar 17, 2023 (AFP)
The European Union turned to Norway for gas last year as it scrambled to reduce its dependence on Russia after Moscow invaded Ukraine and cut deliveries to EU n...
Push for carbon-free hydrogen accelerates in US
Mar 16, 2023 (AFP)
"America came from nowhere and now they're in the lead," Mark Hutchinson, CEO of Fortescue Future Industries, said of America's ascent in renewable energy in ge...
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