OIL

10,863 articles

Rise in oil prices led by December OPEC cuts
Jan 04, 2019 (UPI)
West Texas Intermediate crude oil future prices rose 1.5 percent to $47.79 per barrel just after 8:00 a.m. EST while Brent crude oil futures rose 1.6 percent to...
Oil prices volatile amid increased China slowdown concerns
Jan 03, 2019 (UPI)
West Texas Intermediate crude future prices rose 0.5 percent to $46.78 per barrel as of 8:15 a.m. EST, with Brent gaining 1.2 percent to $55.54 as of the same t...
Eni becomes operator of second Alaskan field in production
Jan 03, 2019 (UPI)
The second field that Eni will now own and operate in Alaska yields 10,000 barrels of oil equivalent per day from 25 oil wells and 15 gas/water injector wells. ...
Total starts production in Egina field offshore Nigeria
Jan 02, 2019 (UPI)
The new production, which will represent 10 percent of Nigeria's total output, came after Egina deployed its largest floating platform ever built to develop the...
Oil prices start year lower on oversupply, demand concerns
Jan 02, 2019 (UPI)
West Texas Intermediate front-month crude prices were down 1 percent as of 08:00 a.m. EST to $44.95 per barrel while Brent crude futures declined 0.9 percent to...
Crude oil prices rise after EIA report alleviates buildup concerns
Jan 01, 2019 (UPI)
West Texas Intermediate front-month crude oil future prices rose 2.1 percent to $46.26 per barrel as of 8:20 a.m. EST, while Brent crude oil futures rose 2.4 pe...
Crude oil prices mixed as traders await EIA inventory data
Dec 28, 2018 (UPI)
As of 8:07 a.m. EST West Texas Intermediate crude oil front-month future prices rose 0.6 percent to $44.88 per barrel while Brent front-month futures were about...
Mexican army takes control of refineries to fight rampant fuel theft
Dec 28, 2018 (UPI)
Mexican President Andres Manuel Lopez Obrador said that at his request 4,000 military personnel from the army and navy police took control of 58 Pemex dependenc...
Crude oil prices appear headed lower after post-Christmas rally
Dec 27, 2018 (UPI)
As of 7:12 a.m. EST on Thursday West Texas Intermediate futures were 1.3 percent lower at $45.64 per barrel, while Brent futures traded 1.5 percent lower at $53...
ExxonMobil: Guyana works unaffected by ships' interception
Dec 27, 2018 (UPI)
"The area where the incident occurred is more than 110 kilometers (68 miles) from the Ranger discovery, the closest of 10 oil discoveries made by ExxonMobil in ...
New study first to predict which oil and gas wells are leaking methane
Dec 27, 2018 (SPX)
A new study just published in the journal Environmental Geosciences is the first to offer a profile of which wells are the most likely culprits. The research, c...
Nine Venezuelan military personnel jailed over 'Maduro plot'
Dec 26, 2018 (AFP)
General Oswaldo Hernandez and retired Colonel Jose Delgado were among those sentenced to a minimum of five years, the court said in a statement. Venezuela's top...
Venezuela restates rights after confronting two oil exploration ships
Dec 26, 2018 (UPI)
The two oil explorations ships were "within the projection of the delta of the Orinoco of Venezuela, so they could have never been located in the Economic Exclu...
Oil prices rise after Christmas but gains not seen as longlasting
Dec 26, 2018 (UPI)
As of 7:15 a.m. EST West Texas Intermediate front-month futures rose just under 2 percent to $43.37 per barrel, while Brent front-month rose 1.2 percent to $51....
Oil prices lower ahead of holiday in light trading
Dec 24, 2018 (UPI)
As of 8:10 a.m. West Texas Intermediate crude oil future prices fell 1.5 percent to $44.91 per barrel while Brent crude oil future fell 0.8 percent to $53.68 pe...
BP to develop 15 trillion-cubic-foot West African gas field
Dec 24, 2018 (UPI)
The project involves extraction of the gas from a floating production storage platform that will ship the fuel to a floating liquefied natural gas facility near...
Crude oil prices continue their slide after testing support
Dec 21, 2018 (UPI)
West Texas Intermediate future prices fell 1.2 percent to $45.33 per barrel as of 8:33 a.m. EST while Brent crude oil futures declined 2.2 percent to $53.43 per...
Total raises Lapa stake, creates JV with Petrobras for renewables
Dec 21, 2018 (UPI)
"We are very pleased to strengthen our presence in the Total-operated Lapa field in the Santos Basin, the first pre-salt producing field operated by an internat...
Oil prices decline as rate increases lead to concern of weaker crude demand
Dec 20, 2018 (UPI)
As of 10:00 a.m. EST, West Texas Intermediate crude oil future prices fell 3.1 percent to $46.68 per barrel, while Brent crude future prices declined 2.6 percen...
Spanish court confirms 1.5 bn euro Prestige spill compensation
Dec 20, 2018 (AFP)
It confirmed an earlier ruling handed down in November 2017 by a lower court in the northwestern city of La Coruna, in Galicia off whose coast the Prestige tank...
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