OIL

10,863 articles

Estimation of technology level required for low-cost renewable hydrogen production
Feb 01, 2019 (SPX)
The effort to increase renewable power generation has encountered some issues, such as unstable power generation and low annual capacity ratio. Specific example...
Oil nearly flat in pause after previous session's gains
Jan 31, 2019 (UPI)
"Crude is pausing for breath after yesterday's solid rally," Matthew Smith, director of commodity research at ClipperData, told UPI. West Texas Intermediate cru...
Petrobras sells Chevron $350M Texas plant bought for $1.2B
Jan 31, 2019 (UPI)
Chevron bought the 466-acre complex -- located along the Houston Ship Channel -- which includes connections to major pipelines and 5.1 million barrels of crude ...
Bolton: Don't do business in Venezuelan gold, oil
Jan 31, 2019 (UPI)
On Wednesday, U.S. national security advisor John Bolton warned bankers, brokers, traders, facilitators and businesses in a tweet to not do business in Venezuel...
Canada tells bankrupt oil firms to clean up old wells
Jan 31, 2019 (AFP)
In a 5-2 decision overturning two lower court rulings, the Supreme Court said bankruptcy was not "a license to ignore rules," and trustees couldn't simply walk ...
Europe launches sanctions-busting Iran payment vehicle
Jan 31, 2019 (AFP)
Brussels hopes the long-awaited special payment system will help save the Iran nuclear deal by allowing Tehran to keep trading with EU companies despite Washing...
Maduro says military deserters plotting coup from Colombia
Jan 30, 2019 (AFP)
"Military deserters have become mercenaries of the Colombian oligarchy and conspire from Colombia to divide the armed forces," Maduro said, without providing fu...
US troops to Colombia in Venezuela row? Pentagon mum
Jan 29, 2019 (AFP)
Bolton on Monday was photographed at a White House briefing holding a notepad with the scrawled line: "5,000 troops to Colombia." "I haven't discussed that with...
Crude oil prices rise amid renewed Venezuela concerns
Jan 29, 2019 (UPI)
West Texas Intermediate prices rose 0.9 percent to $52.47 per barrel as of 8:40 a.m. EST while Brent crude future prices rose 1 percent to $60.43 per barrel. "O...
China says US sanctions will harm Venezuelans
Jan 29, 2019 (AFP)
The sanctions announced Monday hit PDVSA just as embattled President Nicolas Maduro faces a challenge from opposition leader Juan Guaido, who has won the backin...
U.S. fuel prices near month ago levels, unlikely to change
Jan 29, 2019 (UPI)
"With gasoline stocks sitting at their highest level on record, 259.1 million barrels, coupled with colder-than-normal weather forecasted for much of the Midwes...
Venezuela's Guaido to name new boards of PDVSA and Citgo
Jan 29, 2019 (UPI)
The Venezuelan interim government is working alongside the National Assembly to "guarantee the biggest transparency and control" and it will now "start the proc...
State oil ADNOC sells 35 percent in refining to Eni, OMV
Jan 28, 2019 (UPI)
ADNOC, which will retain the remaining 65 percent, said that "the agreement values ADNOC Refining, which has a total refining capacity of 922,000 barrels per da...
US urges Venezuela army to accept 'peaceful' power transfer
Jan 28, 2019 (AFP)
President Donald Trump has recognized opposition leader Juan Guaido as Venezuela's interim president, sparking a standoff with Maduro who until now has retained...
Oil prices fall on rising U.S. rigs, fading Venezuelan risk
Jan 28, 2019 (UPI)
West Texas Intermediate crude oil price futures fell Monday as of 7:15 a.m. EST by 1.6 percent to $52.82 per barrel, while Brent crude oil fell 1.5 percent to $...
EU's Iran payments vehicle ready - but stuck
Jan 28, 2019 (AFP)
The "Special Purpose Vehicle" is being put together by Germany, France and Britain, the European signatories to the 2015 accord that curbed Tehran's nuclear amb...
Bolton holds notepad saying: '5,000 troops to Colombia'
Jan 28, 2019 (AFP)
Bolton spoke to White House reporters while holding the yellow notepad and discussing the crisis in Venezuela, where the US now recognizes opposition leader Jua...
Kremlin denies reports Russia mercenaries protecting Maduro
Jan 27, 2019 (AFP)
Several Russian and international media outlets have reported about Russian mercenaries sent to Venezuela to help Maduro who is under international pressure to ...
Turkey renews flights to Iraqi Kurd city after 16-month ban
Jan 26, 2019 (AFP)
Kurds in the administratively autonomous northern region overwhelmingly voted for independence in a non-binding referendum in September 2017 that infuriated Bag...
High-tech surfaces could greatly reduce drag and CO2 emissions of ships
Jan 25, 2019 (SPX)
Augustin and Rostock in a recent study. According to the study, ships could save up to 20 percent of fuel as a result of reduced drag. If so-called antifouling ...
Buy Advertising About Us Editorial & Other Enquiries Privacy statement
The content herein, unless otherwise known to be public domain, is Copyright 1995-2026 Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principles for news reporting and research purposes.