OIL

10,863 articles

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...
Saudi Aramco, Chinese researchers to pursue ultra-low emission fuels
Nov 09, 2018 (UPI)
The partnership with Tsinghua University, FAW Jiefang Automotive Wuxi Diesel Works, and Shandong Chambroad Petrochemicals Company aims "to develop advanced fuel...
Crude prices down after Iran waivers, EIA report on higher U.S. output
Nov 08, 2018 (UPI)
As of 10:04 am EST, WTI front-month was down 0.8 percent to $61.18 per barrel while Brent front-month was down 0.6 percent to $71.63 per barrel at the same time...
Crude oil prices turn lower in volatile mid-morning trading
Nov 07, 2018 (UPI)
WTI front-month crude futures traded at $61.29, or 1.5 percent lower, as of 11:30 a.m. EST, while Brent futures traded at $71.58 per barrel, or 0.8 percent lowe...
Australia blocks Hong Kong bid for gas pipeline giant
Nov 07, 2018 (AFP)
The preliminary decision by Treasurer Josh Frydenberg is the latest in a series of rejections by Canberra over foreign purchases of Australian infrastructure an...
Sisi pledges Egypt's military support if Gulf 'threatened'
Nov 07, 2018 (AFP)
"If the security of the Gulf is directly threatened, Egypt will mobilise its forces to support its brothers," Sisi was quoted as saying in a meeting with the pr...
Crude oil prices mixed as bearishness drags on
Nov 06, 2018 (UPI)
The waivers included exemptions for the three largest buyers of Iranian oil -- China, India and South Korea -- "eased the potential impact that the Iranian sanc...
U.S. service stations see lowest gas prices since April
Nov 06, 2018 (UPI)
"Gas prices are likely to continue to fall as much as ten cents in the near-term," said Jeanette Cassellano, an AAA official, in a weekly report. A week earlier...
Crude oil prices up as U.S. announces waivers from Iran sanctions
Nov 05, 2018 (UPI)
As of 9.41 a.m. front-month WTI was up $63.77 per barrel, up 1 percent, while Brent front-month crude futures were $73.80 per barrel, a 1.3 percent increase. "C...
China to continue Iran trade despite new US sanctions
Nov 05, 2018 (AFP)
The measures, which took effect on Monday, follow US President Donald Trump's decision to abandon a multi-nation nuclear deal with Tehran, which he said was fla...
US issues waivers to allow Iran deal to continue
Nov 05, 2018 (AFP)
Hours after sanctions went into effect that ban most trade with Iran, the State Department said it was exempting projects set up through the 2015 nuclear deal n...
Venezuela blames Colombia after border ambush kills three
Nov 05, 2018 (AFP)
Venezuela's Defense Minister Vladimir Padrino confirmed three soldiers were killed in an attack in a border area on Sunday that also wounded 10 of its troops. H...
Crude oil futures slightly lower Friday, awaiting direction after Thursday sell-off
Nov 02, 2018 (UPI)
As of 9.30 a.m. EST, front-month WTI futures were $63.26 per barrel, or 0.6 percent lower. Front-month Brent crude futures were $72.60 per barrel, or 0.4 percen...
First shale gas flows in Britain since 2011
Nov 02, 2018 (AFP)
The 11-year-old British private firm has borne the brunt of protests for trying to test whether fracking -- a process in which water and chemicals are used to b...
ExxonMobil third quarter earnings up 55 percent, despite output decline
Nov 02, 2018 (UPI)
Total production declined two percent from the same quarter last year to 3.8 million barrels per day of oil equivalent, the company reported, but production was...
Sweeping Iran sanctions target oil, banks
Nov 02, 2018 (AFP)
Three days ahead, Washington detailed its specific actions targeting Iran's banking, shipping and energy sectors, threatening penalties against companies, even ...
Oil prices show weakness as Brent futures push 200-day average
Nov 01, 2018 (UPI)
WTI front-month crude oil prices were down 0.2 percent as of 9:42 a.m. EST to $65.20 per barrel, while Brent front-month futures were down 0.4 percent to $74.71...
U.S. surpasses Russia to become world's top crude oil producer, EIA says
Nov 01, 2018 (UPI)
The U.S. Energy Information Administration said it had assumed that pipeline capacity constraints in the Permian region would dampen production growth. However,...
Location of wastewater disposal drives induced seismicity at US oil sites
Nov 01, 2018 (SPX)
The research published in Seismological Research Letters reviewed data on wastewater disposal for oil sites in Oklahoma, eastern Montana, western North Dakota, ...
Chemicals used in Deepwater Horizon spill were ineffective, study says
Nov 01, 2018 (UPI)
Researchers report in a study {link:published this week:"https://www.frontiersin.org/articles/10.3389/fmars.2018.00389/full",nw} that dispersants used in the la...
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