OIL

10,863 articles

Three decades on, Iraq and Kuwait haunted by Saddam's invasion
Jul 30, 2020 (AFP)
On August 2, 1990, Saddam sent his military, already exhausted by an eight-year conflict with Iran, into Kuwait to seize what he dubbed "Iraq's 19th province." ...
Iran batters dummy US aircraft carrier in Gulf exercises
Jul 28, 2020 (AFP)
The exercises -- dubbed "Prophet Mohammed 14th" -- were held near the Strait of Hormuz, a vital shipping lane for a fifth of global oil output. The US Navy cond...
Membrane technology could cut emissions and energy use in oil refining
Jul 27, 2020 (SPX)
Fractionation of crude oil mixtures using heat-based distillation is a large-scale, energy-intensive process that accounts for nearly 1% of the world's energy u...
Skoltech scientists use ML to optimize hydraulic fracturing design for oil wells
Jul 27, 2020 (SPX)
Hydraulic fracturing, essentially pumping fluid at high pressures into the reservoir formation, which creates fractures and help bring hydrocarbons to the well ...
Iran tows simulated U.S. aircraft carrier into Strait of Hormuz
Jul 27, 2020 (UPI)
The replica, similar to one used in 2015 for bombing exercises to demonstrate that Iran can strike U.S. aircraft carriers, was moved on Sunday, the Jerusalem Po...
US says photos show Russian arms supplies to Libya rebels
Jul 24, 2020 (AFP)
The Pentagon released satellite photographs that it said shows Wagner-supplied military equipment "on the front lines" of the Libyan conflict in Sirte. The phot...
Black waters: Oil spills pollute northeast Syria creeks
Jul 23, 2020 (AFP)
The landowner said winter floods caused oil waste from a nearby storage facility to spill over onto his land. "The oil waste... sticks to our soil and agricultu...
U.S. airstrike in Somalia kills seven Islamic State terrorists
Jul 22, 2020 (UPI)
The airstrike came after an IS raid "attacked partner forces in a remote location near Timirshe, Somalia" on Tuesday, about 90 miles southeast of the city of Bo...
Greek navy on 'heightened readiness' over Turkish activities
Jul 22, 2020 (AFP)
The move came after the Greek foreign ministry on Tuesday formally protested to Ankara following the announcement that a Turkish drilling ship would conduct exp...
Nigeria gunmen abduct 4 Chinese workers, kill policeman
Jul 22, 2020 (AFP)
Abductions for ransom are common in southern Nigeria where foreigners and prominent citizens are regularly targeted. "I can confirm to you that four Chinese wor...
Iraqi PM to visit Saudi, Iran in diplomatic balancing act
Jul 18, 2020 (AFP)
Baghdad has often found itself caught in the tug-of-war between Riyadh, Tehran and even Washington, which the premier is also set to visit within the next few w...
Uzbekistan says gas exports to China plummet, halt to Russia
Jul 16, 2020 (AFP)
Citing President Shavkat Mirziyoyev's comments at a government meeting, the UZA state news agency said Uzbekistan would be looking to diversify its gas sector a...
US Navy carries out second 'freedom of navigation' op off Venezuela coast
Jul 15, 2020 (AFP)
It was the second time in three weeks that the US Navy has carried out such a "freedom of navigation" operation, a move that Venezuela previously called a "prov...
UN fears 'catastrophe' if Yemen oil tanker ruptures
Jul 15, 2020 (AFP)
A breach of the 45-year-old FSO Safer, anchored off the port of Hodeida, would have disastrous results for marine life and tens of thousands of impoverished peo...
U.S. blames roadside bombs in Libya on Russian-backed mercenaries
Jul 15, 2020 (UPI)
A Russian paramilitary organization known as the Wagner Group indiscriminately installed landmines and improvised explosive devices in Tripoli, Sirte and other ...
Arctic spill fuels calls for shakeup at Russia mining giant
Jul 14, 2020 (AFP)
Aluminium producer Rusal, which owns 28 percent of Norilsk Nickel, said it was "seriously concerned" over recent accidents that damaged the environment in the R...
Yemen's Huthis allow UN team to visit 'time bomb' tanker: source
Jul 12, 2020 (AFP)
A breach of the vessel would have disastrous results for Red Sea marine life and tens of thousands of impoverished people who depend on fishing for their liveli...
Cyprus welcomes US military training funds
Jul 09, 2020 (AFP)
The United States announced the move Wednesday, angering its NATO ally Turkey which occupies the northern third of Cyprus. Cypriot government spokesman Kyriacos...
Maduro shuffles military high command
Jul 08, 2020 (AFP)
Maduro's political dominance in Venezuela is widely attributed to support from the military high command, which has allowed the socialist leader to resist sanct...
Virus crisis threatens to set back oil platform decommissioning
Jul 08, 2020 (AFP)
A drastic drop in revenue caused by the coronavirus outbreak has seen majors such as Total, Royal Dutch Shell and BP having to cut or defer expenditure by billi...
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