OIL

10,863 articles

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...
Woman's death casts shadow over France's 'yellow vest' protests
Nov 18, 2018 (AFP)
Nearly 283,000 people were estimated to have taken part in more than 2,000 protests at roundabouts and on major highways and thoroughfares across the country on...
Crude oil prices see vigorous recovery after recent lows despite build-up
Nov 16, 2018 (UPI)
WTI front month crude futures traded at $58.14 per barrel, a 2.6 percent increase, while Brent crude oil futures were higher by the same percentage to $68.33 pe...
Total agrees to large increase in LNG export capacity from Papua New Guinea
Nov 16, 2018 (UPI)
"The Papua LNG Project will encompass two LNG trains" each of 2.7 million metric tons per year "and will be developed in synergy with the existing PNG LNG proje...
Baghdad strikes deal with Kurds to restart Kirkuk oil exports
Nov 16, 2018 (AFP)
Iraqi security units took the fields from Kurdish forces in October 2017, in retaliation for a controversial independence referendum in the Kurdish region. But ...
Crude oil prices try to stabilize after recent string of declines
Nov 15, 2018 (UPI)
Brent crude future prices traded at $66.49 per barrel, up 0.6 percent, while WTI prices traded at $56.30 per barrel, or up 0.1 percent, as of 9:35 a.m. EST. "Oi...
US Senate votes against blocking Bahrain arms sale
Nov 15, 2018 (AFP)
The effort, led by Republican Senator Rand Paul, failed as the Senate voted 77 to 21 to table the measure, essentially killing it. Paul is a fervent critic of t...
Crude futures rise on renewed anticipation of production cuts
Nov 15, 2018 (SPX)
WTI front-month crude futures traded at $56.67 per barrel as of 9:35 a.m., or 1.8 percent higher, while Brent crude futures traded at $66.72 per barrel, up 1.9 ...
Structure of fossil-fuel source rocks is finally decoded
Nov 15, 2018 (SPX)
Now, for the first time, a team of researchers at MIT and elsewhere has captured three-dimensional images of kerogen's internal structure, with a level of detai...
Wait to fill-up: Fuel prices likely to decline more across most of the US
Nov 15, 2018 (SPX)
"The national average has already shed 24 cents per gallon in the last month," said Patrick de Haan, head analyst at GasBuddy. On top of that, "most states coul...
Crude oil prices 'just fine' around $70 per barrel, Putin says
Nov 15, 2018 (UPI)
"A reasonable price both for producers and consumers is needed. What we are having now, what has been recently -- around $70 (per barrel) -- is just fine for us...
Crude oil prices lower Tuesday on oversupply concerns
Nov 13, 2018 (UPI)
As of 9.50 a.m. EST, WTI front-month had declined 2 percent to $58.76 per barrel, while Brent front-month was also 2 percent lower at $68.73 per barrel, as of t...
Spain wants to ban sale of petrol and diesel cars from 2040
Nov 13, 2018 (AFP)
Socialist Prime Minister Pedro Sanchez's government included the proposal in a draft document for an energy transition law which also calls for Spain to complet...
OPEC: Venezuelan, Iranian oil production down, Saudi, UAE output up
Nov 13, 2018 (UPI)
According to OPEC's November report, which cites secondary sources, crude oil production in Iran in October fell 156,000 barrels per day from September to just ...
Crude oil futures rise, but lack of new OPEC cuts curbs stronger recovery
Nov 12, 2018 (UPI)
WTI front-month future prices traded at $60.66, up 0.8 percent, as of 9.41 a.m. EST while Brent traded at $70.79 per barrel, or up 0.9 percent, at the same time...
Oil price climbs after Saudi Arabia announces production cuts
Nov 12, 2018 (AFP)
Saudi Arabia's energy minister said Monday that oil-producing nations should cut output by one million barrels per day to re-balance the market. Khalid al-Falih...
OPEC, non-OPEC see 2019 supply exceeding demand, but plan no cuts
Nov 12, 2018 (UPI)
"The Committee reviewed current oil supply and demand fundamentals and noted that 2019 prospects point to higher supply growth than global requirements, taking ...
Colombia's Duque calls for action against Venezuelan 'dictatorship'
Nov 11, 2018 (AFP)
"The real cause of this migration shock is the dictatorship," the right-wing leader told AFP. "We must use all the diplomatic mechanisms, all the multilateral m...
US court halts construction of Keystone XL oil pipeline
Nov 09, 2018 (AFP)
The ruling by Judge Brian Morris of the US District Court for the District of Montana dealt a stinging setback to Trump and the oil industry and served up a big...
Trump calls court block on Keystone oil pipeline 'a disgrace'
Nov 09, 2018 (AFP)
US District Judge Brian Morris argued that the Trump administration had failed to explain why it had lifted a ban on the project in a stinging setback to the pr...
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