OIL

10,863 articles

Re-opened Iraqi railway a sign of progress
Sep 10, 2018 (AFP)
For the last month, Captain Imed Hassun has taken pride in once again driving the route between the capital and the former Islamic State group stronghold. "I di...
Gulf, US commanders to hold talks in Kuwait
Sep 09, 2018 (AFP)
Speaking on condition of anonymity as he was not authorised to brief the press, an official with Kuwait's defence ministry said army commanders of the Gulf stat...
Court scraps multibillion-dollar Ecuador damages against Chevron
Sep 07, 2018 (AFP)
The original ruling dates back to 2011 and was twice upheld on appeal in Ecuador, but Chevron took its protest to The Hague's Permanent Court of Arbitration, cl...
Oil prices down after Pompeo outlines plan to get nations off Iranian oil
Sep 07, 2018 (UPI)
The sanctions, which Iran has challenged in the International Court of Justice, stem from President Donald Trump's decision to pull the U.S. out of the Joint Co...
Oil prices down, OPEC production at 10-month high
Sep 06, 2018 (UPI)
Excluding newest member Republic of Congo, oil production among the Organization of Petroleum Exporting Countries reached a 10-month high in August, according t...
Trump envoys to press India on Russian missiles, Iran oil
Sep 05, 2018 (AFP)
The "2+2" meeting in New Delhi of US Secretary of State Mike Pompeo and Defense Secretary Jim Mattis with counterparts Sushma Swaraj and Nirmala Sitharaman is t...
Oil prices down as U.S. Gulf Coast looks ahead after Gordon
Sep 05, 2018 (UPI)
Personnel were evacuated from 54 production platforms, representing 7.86 percent of the Gulf of Mexico's 687 staffed platforms, the Bureau of Safety and Environ...
Pipeline derailed, so is Canada's climate strategy
Sep 05, 2018 (AFP)
The Federal Court of Appeal on August 30 ordered construction halted of the Trans Mountain pipeline connecting the Alberta oil sands to the Pacific coast, sayin...
World's biggest sovereign fund pleads to save oceans
Sep 05, 2018 (AFP)
"The ocean is a vital part of the biosphere and an important part of the global economy," said Yngve Slyngstad, the head of the fund valued at 8.66 trillion kro...
Climate action could add $26 trillion to world economy
Sep 05, 2018 (AFP)
The economic benefits offered by a shift to a low-carbon economy have been "grossly" underestimated, according to the Global Commission on the Economy and Clima...
Oil markets up as Gulf Coast braces for Gordon
Sep 04, 2018 (UPI)
Anadarko Petroleum said Tuesday morning it evacuated personnel from its Marlin and Horn Mountain facilities, where production has been shut in. The Louisiana Of...
Iraq oil exports hit 2018 peak in August
Sep 01, 2018 (AFP)
"In August, exports of crude reached 111.6 million barrels and revenues were $7.7 billion," on an average price of $69.59 per barrel, it said in a statement. In...
Injection wells can induce earthquakes miles away from the well
Aug 31, 2018 (SPX)
Researchers at UC Santa Cruz compiled and analyzed data from around the world for earthquakes clearly associated with injection wells. They found that a single ...
Alberta pulls out of carbon tax initiative after pipeline ruling
Aug 31, 2018 (AFP)
A court had earlier quashed the government's approval of expanding the Trans Mountain pipeline to the Pacific, siding with indigenous people worried that increa...
Chinese airlines' profit hit by fuel costs, weak yuan
Aug 31, 2018 (AFP)
Net profit at China Eastern Airlines for January-June plunged 48 percent on-year to 2.3 billion yuan ($337 million), the company said Thursday in a statement to...
Water pollution lays waste to Iraq's oil-rich south
Aug 31, 2018 (AFP)
Sitting in an emergency ward in Basra, along with patients on drips suffering from severe diarrhoea, Selim said he had no choice but to drink from the tap despi...
U.S. action on NAFTA, India's Iranian oil imports roils markets
Aug 31, 2018 (UPI)
Some turbulence in markets is expected Friday as Canada approaches its deadline to join the trade deal, already negotiated between the United States and Mexico,...
Labor Day weekend gas prices highest in four years
Aug 31, 2018 (UPI)
The U.S. average retail price for regular gasoline, reported on Aug. 27, was $2.83 per gallon, the highest it has been the Monday before Labor Day since 2014 --...
PetroChina's profits double as oil prices soar
Aug 30, 2018 (AFP)
Net profit surged 113.7 percent from the same period last year to 27.1 billion yuan ($4.0 billion), the company said in a statement to the Hong Kong Stock Excha...
Court blocks construction of Canada pipeline to Pacific
Aug 30, 2018 (AFP)
The ruling was cheered by opponents of the nation's largest resource project in decades, while Prime Minister Justin Trudeau's administration suggested it had b...
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