OIL

10,863 articles

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...
Murphy takes over Petrobras Gulf of Mexico assets in $1.1B JV deal
Oct 11, 2018 (UPI)
The transaction will involve "up to $1.1 billion" to be received by Petrobras, with a cash compensation of $900 million for the value difference between the ass...
Crude oil prices slip as Hurricane Michael hits the Florida Panhandle
Oct 10, 2018 (UPI)
WTI crude fell $1.65 to $73 a barrel in mid-day trading, while Brent prices fell $1.59 to $83 a barrel. Where prices go next could hinges on the latest crude oi...
BP expects 25 percent lower oil prices after period of volatility
Oct 10, 2018 (UPI)
BP is assuming crude oil prices may reach levels of $60 to $65 per barrel, or about a quarter off from current levels, after a short-lived period of "extreme vo...
Pemex: Shallow water discovery may add 180 million barrels in reserves
Oct 10, 2018 (UPI)
The company's CEO, Carlos Trevino, confirmed on Tuesday the discoveries of two areas it identified as obtained through the wells Manik-101A and Mulach-1. Trevin...
Bullish on natural gas, Shell announces new North Sea investment
Oct 10, 2018 (UPI)
The company announced a "final investment decision for the Arran gas and condensate field" and said that it will become the operator of the project, in partners...
Total, Saudi Aramco sign accord to build petrochemical complex
Oct 09, 2018 (UPI)
Amin Nasser, president and CEO of Saudi Aramco, said during the signing event in Dhahran on Monday that the new plant "will deliver on multiple levels, from hig...
Exxon Mobil gives $1 mn to lobby for US carbon tax
Oct 09, 2018 (AFP)
The US oil giant, which has long faced criticism on climate change, committed the funds to Americans for Carbon Dividends, a new group co-chaired by former Sens...
Italy's ENI signs accord with BP, Libya to take over EPSA operation
Oct 09, 2018 (SPX)
The Libyan National Oil Corporation, or NOC, Chairman Mustafa Sanalla, BP chief executive Bob Dudley and Eni chief executive officer Claudio Descalzi on Monday ...
Russia minister considers joining OPEC unnecessary, unreasonable
Oct 09, 2018 (UPI)
"I do not think it is necessary and reasonable, " he said Tuesday during an interview aired by the Rossiya-24 TV news channel when asked whether the country cou...
Gas prices highest in four years for fall season
Oct 09, 2018 (UPI)
Experts say fall gas prices have not been this high since 2014, and they don't see them decreasing any time soon as crude oil is selling about $25 more per barr...
UN, AU ask S.Sudan's warring sides to deliver on peace deal
Oct 09, 2018 (AFP)
Civil war in the world's youngest country erupted in December 2013 and uprooted 4.2 million people -- roughly a third of the population. "We are looking forward...
Crude oil prices tick up as Hurricane Michael targets the Florida panhandle
Oct 09, 2018 (UPI)
Brent prices were up nearly $1, trading at $84 per barrel, while WTI gained 61 cents to trade at nearly $75 a barrel. This comes as several large offshore oil d...
BP, Exxon, Equinor prep production platforms in Gulf ahead of Michael
Oct 09, 2018 (UPI)
While most of the rigs in Gulf of Mexico deepwaters, and their output, were expected to be unaffected by Michael, drillers were taking precaution anyway. "BP is...
U.S. could issue waivers for Iran crude; oil prices dip Monday
Oct 08, 2018 (UPI)
Brent prices were down more than 50 cents in mid-day trading, trading at $83.60 a barrel while WTI held steady at $74.02, down 32 cents. This comes amid reports...
French prosecutor demands hefty fine for cruise ship pollution
Oct 08, 2018 (AFP)
The company "...wanted to save money at the expense of everyone's lungs, in the context of major air pollution, caused partly by cruise ships," prosecutor Franc...
Researchers map susceptibility to man-made earthquakes
Oct 08, 2018 (SPX)
The model is based on publicly available data on wastewater injection into the Arbuckle formation, a nearly 7,000-foot-deep sedimentary formation underlying nor...
Race to clean up oil spill after cargo ships collide off Corsica
Oct 08, 2018 (AFP)
The accident occurred early Sunday when a Tunisian freighter rammed into a Cyprus-based vessel anchored about 30 kilometres (20 miles) off the northern tip of t...
Iran moves against banking isolation as it faces crude oil sanctions
Oct 08, 2018 (UPI)
The moves come as the country faces separate nuclear-related U.S.-imposed sanctions aimed at preventing the oil-rich nation from continuing exports. Russian ban...
S. Arabia backs down from blocking UN climate report: sources
Oct 06, 2018 (AFP)
With the threat removed, the meeting of the 195-nation panel in Incheon, South Korea -- deep into overtime -- swiftly approved the report on how to cap global w...
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