OIL

10,863 articles

EU economy 'suffering' in Ukraine-Russia spat: Mogherini
Dec 05, 2018 (AFP)
Russia seized Ukrainian ships and sailors last week and has been accused by Kiev of restricting the movement of vessels through the narrow Kerch Strait, which c...
Australia's Melbana agrees with Cuba on plan to expand island's offshore production
Dec 05, 2018 (UPI)
"Melbana has completed its initial assessment, yielding a number of promising opportunities to enhance production" from the Santa Cruz offshore field just off t...
Crude oil prices stronger ahead of OPEC meeting
Dec 04, 2018 (UPI)
West Texas Intermediate front-month futures were trading 1.8 percent higher at $53.87 per barrel as of 8:33 a.m. EST, ahead of the start of the regular session,...
Fuel prices down for eighth straight week, 2 cents lower than last year
Dec 04, 2018 (UPI)
The last time prices were cheaper year-over-year was in early July 2017, when they were $2.24 per gallon, compared with $2.26 per gallon in July 2016, the drive...
Qatar pulls out of OPEC to focus on natural gas
Dec 03, 2018 (UPI)
"The withdrawal decision reflects Qatar's desire to focus its efforts on plans to develop and increase its natural gas production from 77 million tons per year ...
Crude oil prices rise on China-U.S. trade talks, easing concerns of slowdown
Dec 03, 2018 (UPI)
As of 8:30 a.m. EST and ahead of the start of the regular session, West Texas Intermediate crude front-month futures traded 4.5 percent higher at $53.20 per bar...
French govt holds crisis talks after 'yellow vest' riots
Dec 03, 2018 (AFP)
The talks follow a crisis meeting chaired by French President Emmanuel Macron on Sunday as he surveyed the damage from a day of riots across Paris that saw viol...
Oil prices surge more than 5 percent on cut pledge, US-China deal
Dec 03, 2018 (AFP)
Russian President Vladimir Putin said Saturday he and Crown Prince Mohammed bin Salman "have agreed to extend our agreement" to limit production as prices slump...
The physics of extracting gas from shale formations
Dec 03, 2018 (SPX)
Surprisingly, the oil and gas industry still lacks a firm understanding of how the pore space and geological factors affect gas storage and its ability to flow ...
Macron surveys damage after Paris riots, calls for talks
Dec 02, 2018 (AFP)
Macron met with the prime minister, interior minister and top security service officials to forge a response to the violence that left hundreds injured nationwi...
The elusive face of the Paris rioters
Dec 02, 2018 (AFP)
AFP correspondents who talked to demonstrators and observed Saturday's violence found that they did not all come from the same mould. Interior Minister Christop...
Violent clashes engulf Paris in new anti-Macron protests
Dec 01, 2018 (AFP)
Officers responded with tear gas after being targeted by protesters hurling rocks and other projectiles on the third weekend of demonstrations which have morphe...
Excess supplies, rising U.S. exports weigh down crude oil prices
Nov 30, 2018 (UPI)
West Texas Intermediate front-month futures were 2.4 percent lower at $50.20 per barrel as of 10:20 a.m. EST, while Brent front-month futures traded at $58.51 p...
Environmental groups criticize Trump approval of seismic blasting in the Atlantic
Nov 30, 2018 (UPI)
The National Marine Fisheries Service will soon grant "incidental harassment authorizations" to a handful of applicants, Bloomberg reported Thursday. The author...
US approves seismic tests despite dolphin, whale concerns
Nov 30, 2018 (AFP)
Last year, President Donald Trump signed an executive order to expand offshore drilling, and ordered federal agencies to fast track permits for seismic airgun b...
Russian gas supplies to Europe up 6 percent this year, sets new record
Nov 30, 2018 (UPI)
"Following the record year of 2017, the company continues to ramp up its exports," Gazprom said in a late Thursday statement. The estimate is based on data from...
Crude oil prices rise as some see buying opportunities after overnight lows
Nov 29, 2018 (UPI)
As of 10:40 a.m. EST, WTI front-month futures rose 1.8 percent to $51.18 per barrel while Brent front-month futures rose just under 1 percent to $59.67 as of th...
Peru 'catastrophe' feared after 8,000-barrel Amazon oil spill
Nov 29, 2018 (AFP)
"We could face an environmental catastrophe," Beatriz Alva, a manager with state oil firm Petroperu, told channel N television. Alva gave the volume of spilled ...
Petroperu dives deeper into debt as it pushes controversial refinery upgrade
Nov 29, 2018 (UPI)
Petroperu received the $1.3 billion loan from a Spanish lending agency that helps promote exports from that country and plans to repay it at a 4 percent annual ...
Crude oil prices lower as market awaits news on interest rates, inventories
Nov 28, 2018 (UPI)
West Texas Intermediate, or WTI, front-month crude oil prices were 1.2 percent lower at $50.92 just before 10:00 a.m. EST while Brent front-month futures traded...
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