OIL

10,863 articles

Petrobras sells stakes in Brazilian fields worth $823M to focus on deepwater
Nov 28, 2018 (UPI)
Petrobras said the $453 million sale are fields that have run for over four decades in the northeast state of Rio Grande do Norte. It added that $34 million wil...
Pemex adds 1B barrels of oil reserves in biggest onshore find in 25 years
Nov 28, 2018 (UPI)
The discovery in the Ixachi field, state of Veracruz, "is the most important made in the inland portion in the last 25 years and the fourth biggest at a worldwi...
A life cycle solution to fossil fuel impacts
Nov 28, 2018 (SPX)
Remediating both AMD and produced water is an expensive process and federal law prohibits produced water disposal at municipal water treatment plants. However, ...
Iraq seeks power revamp to head off sanctions, protests
Nov 28, 2018 (AFP)
With a freshman at the helm, the electricity ministry is exploring options including revamping stations and lines to cut waste, importing power, and improving b...
Crude oil prices flat, analysts split on market direction
Nov 27, 2018 (UPI)
Around 10:00 a.m. EST WTI front-month futures traded at $51.77 per barrel, a 0.3 percent increase, while Brent front-month traded at $60.73, a 0.3 percent incre...
U.S. fuel prices drop for seventh week, drops may reach into early December
Nov 27, 2018 (UPI)
"The national average price for a gallon of gasoline is down 7.8 cents per gallon over the last week to $2.53 per gallon, the lowest level since March 16," GasB...
France's Air Liquide to build $150M hydrogen plant to fuel California cars
Nov 26, 2018 (SPX)
The plant to be built "in the western U.S." will have enough capacity to power "35,000 fuel cell electric vehicles" and construction will begin in early 2019, t...
Crude oil prices recover after plunge buoyed by speculation of cuts
Nov 26, 2018 (SPX)
WTI front-month crude oil futures rose 2.9 Percent to $51.89 per barrel just after 10:00 a.m. EST while Brent front-month was nearly 3 percent higher at $60.79 ...
Oil prices fall to lowest level in more than a year
Nov 23, 2018 (UPI)
According to CNBC, the price drop increases pressure on the Organization of Petroleum Exporting Countries before member countries meets with non-OPEC nations in...
Smart car technologies save drivers $6.2 billion on fuel costs each year
Nov 23, 2018 (SPX)
"That's not insignificant," said Yeganeh Hayeri, an assistant professor at Stevens whose work lies at the intersection of civil and environmental engineering an...
Paris the prize as French tax revolt rumbles on
Nov 22, 2018 (AFP)
The 53-year-old political activist has called on demonstrators to swarm Paris "on foot, horseback or by car" for the second round Saturday of a battle between c...
Crude oil prices see some recovery after plunge and helped by API drawdown report
Nov 21, 2018 (UPI)
As of 9:50 a.m. EST WTI front-month futures traded at $54.68 per barrel, or 2.3 percent higher, while Brent crude futures traded at $63.60 per barrel, or 1.7 pe...
Energy firms track plunge in oil, Asia markets temper losses
Nov 21, 2018 (AFP)
Nissan recovered marginally after France and Japan sought to reassure on the future of its tie-up with Renault following the arrest of head Carlos Ghosn on Mond...
Gazprom to soon complete bulk of pipeline work to ship gas to China
Nov 21, 2018 (UPI)
Gazprom said that it held talks with China National Petroleum Company (CNPC) on Tuesday regarding advances stemming from a 2014 accord, when Gazprom agreed to s...
Crude futures decline sharply with equity selloff on economic slowdown fears
Nov 20, 2018 (UPI)
Just after 10:00 a.m. EST, WTI front-month was trading 2.8 percent lower, at $55.58 per barrel, while Brent front-month traded at $65.12, or 2.5 percent lower. ...
U.S. drivers to pay $80 million more this Thanksgiving
Nov 20, 2018 (UPI)
GasBuddy, which tracks fuel prices across the country, projected the average costs for gasoline during the Thanksgiving holiday at $2.57 per gallon, up from $2....
Australia formalises ban on Hong Kong bid for gas pipeline
Nov 20, 2018 (AFP)
The decision by Treasurer Josh Frydenberg is the latest in a series of steps by Canberra curbing Chinese involvement in key infrastructure projects amid concern...
Crude oil prices test recent lows at start of holiday-shortened week
Nov 19, 2018 (UPI)
As of 10:26 a.m. EST Brent crude front-month prices fell 1.2 percent to $65.95 per barrel, while WTI front-month was 1.1 percent lower to $56.06 per barrel, par...
China's Xi in Brunei as oil-dependent sultanate seeks investment
Nov 19, 2018 (AFP)
Xi, who arrived from a tense summit in Papua New Guinea dominated by a war of words between China and the US, was treated to an official welcome at Sultan Hassa...
Canada rig accident spills 250,000 liters of oil into Atlantic
Nov 19, 2018 (AFP)
The spill occurred on Friday when workers noticed "a loss of pressure on an underwater line" connecting the South White Rose platform and Husky Energy's Sea Ros...
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