OIL

10,863 articles

Petrobras inks accord with China's CNPC for Comperj refinery, Marlim crude
Oct 16, 2018 (UPI)
Petrobras said Tuesday in an exchange stock filing that both companies will evaluate advances made at Comperj project and that if economic viability is confirme...
Oil prices steady but analysts wary of Saudi reaction to Khashoggi allegations
Oct 16, 2018 (UPI)
On Oct. 2, Khashoggi went into the Saudi consulate in Turkey but never walked out, sparking fears that he was murdered for his negative views of the royal famil...
Most states see first gas price drop in weeks as demand declines
Oct 16, 2018 (UPI)
Most states have seen price declines "with the exception of a handful of states, some of which were impacted by fuel disruptions on the West Coast and in the So...
Some Gulf oil output still shut-in following Hurricane Michael
Oct 16, 2018 (UPI)
The Bureau of Safety and Environmental Enforcement reported Tuesday that 3.5 percent of the Gulf of Mexico's natural gas production is also shut-in. The oil pro...
Saint-Tropez beaches hit by Mediterranean oil spill
Oct 16, 2018 (AFP)
The mayor of the village of Ramatuelle, which lies on the Gulf of Saint-Tropez, told AFP that 16 kilometres (10 miles) of coastline had been affected by the spi...
Crude oil prices cool down after volatile morning with Saudi Arabia
Oct 15, 2018 (UPI)
Brent prices soared 83 cents Monday while WTI prices jumped 55 cents. By mid-day, prices stabilized with Brent trading at $80 and WTI at $71. The biggest wild c...
Chinese companies said to be planning a $2B refinery in Iran
Oct 15, 2018 (UPI)
Hassan Kheirianpour, the deputy governor general for economic affairs of the province of Mazandaran, which is located north of Tehran, was informed about the Ch...
E.Guinea strongman hands out top military posts to family
Oct 15, 2018 (AFP)
His graft-tainted son Teodorin Nguema Obiang, who is already vice-president, was appointed major general in the army to mark the country's 50th anniversary of i...
Saudi Arabia minister offers to continue to serve as oil cushion, calming markets
Oct 15, 2018 (UPI)
At the same time, Saudi Arabia has expressed "its total rejection of any threats" following U.S. President Donald Trump's comments that the kingdom could face s...
Mubadala Group delays stock offer for Cepsa due to market 'instability'
Oct 15, 2018 (UPI)
"Mubadala has decided to delay the public offer for the sale of shares in progress ... as they consider that the instability suffered by the markets affects the...
Protests as fracking begins in UK
Oct 15, 2018 (AFP)
Energy firm Cuadrilla said it had started hydraulic fracturing on Monday at its Preston New Road site in Lancashire, northwest England, with workers having to f...
High energy prices threaten economic damage, but likely to continue: IEA
Oct 12, 2018 (UPI)
The agency showed particular concern that with peaks in both crude oil production and crude oil demand, both at nearly 100 million barrels per day, the spare ca...
Crude oil creeps up after losing $5 a barrel in Wall Street selloff
Oct 12, 2018 (UPI)
On Friday, prices ticked up slightly from Thursday's lows. Brent gained 16 cents Friday to trade at $80 a barrel in mid-day trading Friday. WTI rose 53 cents to...
Fracking to begin in Britain after court ruling
Oct 12, 2018 (AFP)
"We are delighted to be starting our hydraulic fracturing operations as planned," Francis Egan, CEO of Cuadrilla, said in a statement. The project in Lancashire...
One-third of Gulf oil output remains 'shut-in' two days after Michael
Oct 12, 2018 (UPI)
As much as 32 percent of the area's crude oil production and 13 percent of the natural gas production still "shut-in," a U.S. agency said Friday. The volumes in...
Mexican legislators question top energy officials over corruption, reform
Oct 12, 2018 (UPI)
The Mexican channel of Congress reported that on Thursday, legislator Marco Gomex, of the Mexican Ecological Green Party, questioned Pemex CEO Carlos Trevino ab...
OPEC: Venezuelan, Iranian monthly oil production down in September
Oct 11, 2018 (UPI)
Production has now reached its lowest point since the 2002-2003 PDVSA oil strike -- in addition to Iranian output also falling. According to monthly data releas...
Oil prices plummet with stock market; Trump doubles down on Iran oil sanctions
Oct 11, 2018 (UPI)
Brent prices fell more than $1.83 to $81 a barrel in mid-day trading while WTI prices fell $1.54 to $71. This after both oil benchmarks lost nearly $2 on Wednes...
Trump not keen to limit Saudi arms sales amid Khashoggi probe
Oct 11, 2018 (AFP)
Saudi Arabia is one of the world's largest arms purchasers, with most of them coming from the United States. Khashoggi, a contributor to The Washington Post, va...
US should brace for higher heating bills, potential supply issues
Oct 11, 2018 (UPI)
On average, the EIA expects natural gas bills to rise by five percent, home heating oil by 20 percent and electricity by three percent, the agency said in its l...
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