OIL

10,863 articles

Crude oil futures turn south as 'exuberance' erased, support tested
Oct 23, 2018 (UPI)
Brent futures for front-month delivery traded 2.5 percent lower at $77.81 per barrel as of 10:51 a.m. EST, near levels last seen in the first half of September....
Fracking wastewater accumulation found in freshwater mussels' shells
Oct 23, 2018 (SPX)
"Freshwater mussels filter water and when they grow a hard shell, the shell material records some of the water quality with time," said Nathaniel Warner, assist...
Fuel prices at U.S. gas stations lower for second straight week
Oct 23, 2018 (UPI)
Even with gas prices continuing to drop, the AAA repeated warnings to West Coast drivers, who already pay the most to refill tanks, that they remain vulnerable ...
Crude oil prices turn lower as early morning gains lose steam
Oct 22, 2018 (UPI)
Brent crude oil prices for January delivery were nearly unchanged as of 9:03 a.m. EST time at $79.69 per barrel, down 0.1 percent. Meantime, WTI prices for Dece...
Saudi Aramco IPO due by 2021 after construction of downstream assets
Oct 22, 2018 (UPI)
"If you look at the downstream of Aramco it is significant, but is not at the same level as upstream. Our petrochemical portfolio also is not so large, and is n...
IEA: Insufficient LNG investment, shipping capacity poses energy risks
Oct 22, 2018 (UPI)
"The risk of a lack of timely investment in the LNG carrier fleet could pose a threat to market development and security of supply, which could materialize even...
BSEE: Approvals for Gulf of Mexico deep water drilling rise in 2018
Oct 19, 2018 (UPI)
Scott Angelle, director of the agency, said during a speech in New Orleans on Thursday that there is "an uptick" in the number of deepwater drilling approvals, ...
Volatile October has seen oil prices fall $8 in two weeks
Oct 19, 2018 (UPI)
With Iran oil sanctions just over two weeks away, the wild ride may not be over yet. WTI was up 84 cents to trade at $69 a barrel in mid-day trading Friday whil...
EIA: U.S. manufacturers have lost flexibility to switch fuels
Oct 19, 2018 (UPI)
In 1994, as much as 24 percent of U.S. manufacturing plants could take advantage of relative price differences or cope with supplies by switching fuels used in ...
BP's Thunder Horse expansion to add 30,000 barrels oil equivalent daily
Oct 18, 2018 (UPI)
"The new project is expected to boost production at Thunder Horse by an estimated 30,000 barrels of oil equivalent daily at its peak, taking gross output at one...
Sasol cuts output guidance, posts 75 percent advance in Louisiana
Oct 18, 2018 (UPI)
The company cut production guidance down to between "7.5 million and 7.6 million tons" for its July 2018-June 30, 2019 fiscal year because of technical difficul...
ExxonMobil to supply LNG for 20 years to Zhejiang Provincial Energy
Oct 18, 2018 (UPI)
The agreement with the Chinese-owned power generator was signed during the 2018 International Petroleum and Natural Gas Enterprises Conference held in Zhoushan,...
WTI prices dip below $70 mark as free fall continues
Oct 18, 2018 (UPI)
But for now, crude oil prices are retreating from September highs. WTI crude oil prices fell below $70 a barrel while Brent prices slipped below the $80 mark in...
SD Mines Researchers Explore Hydraulic Fracturing to Expand Geothermal Energy
Oct 18, 2018 (SPX)
Liangping Li, Ph.D., an assistant professor in the Department of Geology and Geological Engineering at the South Dakota School of Mines and Technology, has rece...
Total, Adani to build LNG terminals, 1,500 service stations in India
Oct 17, 2018 (UPI)
"The companies will jointly develop various LNG terminals, including Dhamra LNG, on the East Coast of India," Total said. The companies will build the 1,500-ser...
Italy's Eni to try to repeat huge offshore Mozambique discovery
Oct 17, 2018 (UPI)
The contract involves rights for exclusive exploration and development of the offshore block A5-A which are deep waters of the Zambezi basin. In bidding, Eni wa...
Pemex raises $2 billion for investments, liquidity through early 2019
Oct 17, 2018 (UPI)
In addition to helping with its investment program, as well as pay and roll over debt, the operation "strengthens the company's cash position for the end of 201...
'Bad news': CO2 emissions to rise in 2018, says IEA chief
Oct 17, 2018 (AFP)
The energy sector accounts for 80 percent of global CO2 emissions, with most of the rest caused by deforestation and agriculture, so its performance is key to e...
Surging crude supplies tank oil prices amid looming diplomatic crisis with Saudi Arabia
Oct 17, 2018 (UPI)
WTI lost $1.76 Wednesday, losing the gains made the previous day to trade at $70 by mid-morning. Brent fell $1.56 to trade at just below $80. The Energy Informa...
RUDN chemist tested a new nanocatalyst for obtaining hydrogen
Oct 17, 2018 (SPX)
Photochemical reactions are one of the most eco-friendly ways of producing "green fuel". They don't consume a lot of energy for heating the raw materials or sup...
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