OIL

10,863 articles

Energy generated on offshore wind turbine farms, and conveyed ashore as hydrogen fuel
May 01, 2020 (SPX)
"There are two ways of conveying all this energy produced ashore: by building a huge piece of infrastructure to be able to bring the electrical power grid right...
Crude extends rally as output cuts begin
May 01, 2020 (AFP)
After a diabolical month for the commodity in which the May WTI contract fell to a mind-boggling minus $40, investors were a little more upbeat about the outloo...
Iraq oil revenues crash again in April to multi-year low
May 01, 2020 (AFP)
The OPEC cartel's second-biggest crude producer has been left reeling by the worldwide crash in crude oil prices. Iraq sold 103.1 million barrels in April at an...
Equities, crude surge in Asia on hopes for virus treatment
Apr 30, 2020 (AFP)
Top US epidemiologist Anthony Fauci's comments that Gilead Science's remdesivir "has a clear-cut, significant, positive effect in diminishing the time to recove...
Simulating borehole ballooning helps ensure safe drilling of deep-water oil, gas
Apr 29, 2020 (SPX)
In a recent issue of the Review of Scientific Instruments, from AIP Publishing, researchers from the China University of Petroleum-Beijing present a device that...
Iran tells US not to 'plot' against it amid Gulf tensions
Apr 29, 2020 (AFP)
Tehran and Washington have traded barbs over a spate of incidents in the past year involving their forces in the sensitive waters of the Gulf. Their latest high...
Venezuelan oil price falls below $10, lowest level in 20 years
Apr 28, 2020 (AFP)
The oil ministry said the price between Monday and Friday was 70.62 Chinese yuan - $9.90 a barrel - a level that has not been seen since 1998 when it was $9.28....
Stock markets boosted by hopes virus worst has passed, oil dives
Apr 27, 2020 (AFP)
Traders were also keeping a keen eye on meetings of key central banks this week, hoping for further financial support to offset the impact of the pandemic, whic...
Iran says won't be source of Gulf conflict amid US tensions
Apr 27, 2020 (AFP)
Decades-old tensions between Tehran and its arch enemy Washington have escalated since 2018, when US President Donald Trump withdrew from the Iran nuclear deal....
US grants Iraq brief 30-day waiver for Iranian gas imports
Apr 26, 2020 (AFP)
The extension comes as Baghdad faces a cocktail of crises, including collapsing oil prices and the novel coronavirus pandemic and political deadlock over govern...
Crude lifted by Iran-US tension but virus impact hits stocks
Apr 24, 2020 (AFP)
As the rates of infection and deaths linked to the coronavirus show signs of easing in some countries thanks to draconian lockdowns, a fuller picture of the ext...
Crisis-hit oil market in frantic hunt for storage
Apr 24, 2020 (AFP)
"To put it simply, there is too much oil with too little space to store it," said TS Lombard economist Konstantinos Venetis. In recent weeks and months, prices ...
No last goodbye for Gulf migrant workers lost to pandemic
Apr 24, 2020 (AFP)
But nearly an hour later no one had appeared, and the workers in protective suits had to carry out their grim task. In silence, the four men carefully moved the...
American shale oil may go bust
Apr 24, 2020 (The Convesation)
Oil traders reacted on Monday, the day that May forward contracts for WTI crude were due to settle. Many offloaded their contracts at any price to avoid taking ...
Crude up again on Iran-US tension but virus impact hits stocks
Apr 24, 2020 (AFP)
While the rate of infection and death of the deadly disease is showing signs of easing thanks to the lockdown of half the world's population, the extent of its ...
European satellite data shows extreme methane emissions from Permian oil and gas operations
Apr 23, 2020 (SPX)
"These are the highest emissions ever measured from a major U.S. oil and gas basin. There's so much methane escaping from Permian oil and gas operations that it...
Study: Permian Basin has highest U.S. oil, gas methane emissions ever
Apr 23, 2020 (UPI)
Researchers found methane emissions in West Texas and New Mexico were twice as high as those measured by previous surveys of 11 other major U.S. oil and gas reg...
Brent plunges to two-decade low as oil extends rout, stocks mixed
Apr 22, 2020 (AFP)
With demand virtually non-existent owing to virus lockdowns, and production still high despite storage at bursting point, crude markets have been sent into free...
Crude market crisis keeps traders on edge as equities sink again
Apr 22, 2020 (AFP)
With demand virtually non-existent owing to virus lockdowns, and production still high despite storage at bursting point, crude markets have been sent into free...
Asia virus latest: Oil extends rout, US state sues China
Apr 22, 2020 (AFP)
- Oil extends rout - Brent crude plunged more than 12 percent to below $17 a barrel while US oil erased early gains and fell, as the coronavirus strangles deman...
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